Uno Minda Limited Receives Tax Penalty Order Worth ₹1.16 Crores from Haryana Excise Department

1 min read     Updated on 01 Jan 2026, 03:13 PM
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Shriram SScanX News Team
Overview

Uno Minda Limited has received a penalty order worth ₹1.16 crores from Haryana's Excise & Taxation Department for alleged short tax payment on outward supply during FY 2018-19. The total demand includes tax of ₹37.26 lakhs, interest of ₹41.68 lakhs, and penalty of ₹37.26 lakhs under Section 74 of HGST/CGST Act, 2017. The company plans to contest the order and expects no material impact on its financial or operational activities.

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Uno minda Limited has disclosed receiving a penalty order from the Excise & Taxation Department, Haryana, under the regulatory disclosure requirements. The order pertains to alleged tax compliance issues for the financial year 2018-19 and carries significant financial implications for the automotive components manufacturer.

Penalty Order Details

The company received the penalty order under Section 74 of the HGST/CGST Act, 2017, relating to alleged short tax payment on outward supply for FY 2018-19. The order was received by the company on December 31, 2025, at approximately 7:15 PM IST.

The financial breakdown of the demand is as follows:

Component: Amount (₹)
Tax Demand: 37,26,234
Interest: 41,67,663
Penalty: 37,26,234
Total Demand: 1,16,20,131

Company's Response and Impact Assessment

Uno Minda Limited has indicated its intention to contest the penalty order based on the merits of the case. The company's management has assessed the potential impact of this development on its operations and financial position.

Regarding the business impact, the company has stated that it does not foresee any material impact on its financial, operational, or other activities from this penalty order. This assessment suggests that the company believes it has strong grounds to challenge the order or that the financial impact is manageable within its current business framework.

Regulatory Compliance

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, specifically under Sub-Para 20 of Para A of Part A of Schedule III. This regulation requires listed companies to promptly disclose material events that could impact their business operations or financial position.

The company secretary and compliance officer, Tarun Kumar Srivastava, signed the disclosure document, ensuring compliance with the regulatory requirements for transparency in corporate governance and stakeholder communication.

Historical Stock Returns for UNO Minda

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Uno Minda Limited Issues ₹100 Crore Commercial Paper with February 2026 Maturity

1 min read     Updated on 24 Dec 2025, 05:40 PM
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Reviewed by
Ashish TScanX News Team
Overview

UNO Minda Limited has issued unlisted commercial paper worth ₹100 crores. The commercial paper has an allotment date of December 24, 2025, and a maturity date of February 10, 2026, with a tenure of approximately 48 days. The ISIN code for the instrument is INE405E14281. The company has disclosed this information in compliance with SEBI regulations, informing both the National Stock Exchange of India Limited and BSE Limited.

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UNO Minda Limited has issued unlisted commercial paper worth ₹100.00 crores as part of its short-term funding strategy. The company made this disclosure through a regulatory filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Commercial Paper Details

The commercial paper issuance carries specific terms and timeline for investors and stakeholders:

Parameter Details
Issue Amount ₹100.00 crores
Allotment Date December 24, 2025
Maturity Date February 10, 2026
ISIN Code INE405E14281
Instrument Type Unlisted Commercial Paper

The commercial paper represents a tenure of approximately 48 days from allotment to maturity, providing the company with short-term working capital financing.

Regulatory Compliance

UNO Minda Limited has fulfilled its disclosure obligations by informing both major stock exchanges about this commercial paper issuance. The communication was sent to the National Stock Exchange of India Limited and BSE Limited, where the company's shares are listed.

The filing was signed by Tarun Kumar Srivastava, Company Secretary and Compliance Officer, ensuring proper corporate governance protocols were followed for this financial instrument issuance.

Corporate Structure

The company maintains its corporate office at Village Nawada Fatehpur, Gurugram, Haryana, while its registered office is located in Delhi's Wazirpur Industrial Area. UNO Minda Limited operates under CIN number L74899DL1992PLC050333, reflecting its incorporation status and regulatory framework.

Historical Stock Returns for UNO Minda

1 Day5 Days1 Month6 Months1 Year5 Years
-1.59%-2.87%-0.67%+13.29%+16.87%+522.94%
UNO Minda
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