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

*this image is generated using AI for illustrative purposes only.
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
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.59% | -2.87% | -0.67% | +13.29% | +16.87% | +522.94% |
















































