UNO Minda has received two significant tax demand orders from authorities, creating a substantial financial obligation for the automotive component manufacturer.

Tax Demand Details

The company has disclosed receiving tax demand orders worth a combined total of ₹1,388.10 million. The demands comprise two separate orders with distinct amounts that the tax authorities have issued to the company.

Financial Impact

The tax demands represent a significant financial matter for UNO Minda, with the larger order alone accounting for ₹921.90 million. Companies typically have options to either comply with such demands or challenge them through appropriate legal and regulatory channels.

Next Steps

Tax demand orders of this magnitude require careful evaluation and strategic response from the company's management and legal teams. The automotive component manufacturer will need to assess the validity of the demands and determine the most appropriate course of action to address these regulatory requirements.

Uno Minda Limited has informed stock exchanges about receiving a significant GST penalty order from tax authorities regarding HSN (Harmonized System of Nomenclature) misclassification issues. The company disclosed this development through a regulatory filing under SEBI LODR Regulation 30 on March 11, 2026.

GST Penalty Details

The Office of the Commissioner of Goods & Service Tax and Central Excise, Salem, Tamil Nadu, has imposed penalties covering two distinct time periods. The order addresses HSN misclassification issues spanning from November 2017 to October 2023.

Company's Response and Impact Assessment

Uno Minda Limited received the order on March 11, 2026 at approximately 09:00 A.M. (IST). The company has indicated its intention to contest the order based on the merits of the case.

Financial and Operational Impact

The company has assessed the potential implications of this development:

• Financial Impact: Company does not foresee any material impact on its financial activities
• Operational Impact: No anticipated material impact on operational activities
• Other Activities: No expected material impact on other business activities
• Legal Strategy: Plans to contest the order through appropriate legal channels

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Sub-Para 20 of Para A of Part A of Schedule III of SEBI LODR regulations. The filing was signed by Tarun Kumar Srivastava, Company Secretary & Compliance Officer, and submitted from the company's Manesar, Gurugram location.

Key Order Components

Beyond the specified penalty amounts, the GST order also includes:

• Interest charges: As applicable according to GST regulations
• Tax demands: Totaling ₹1,26.19 crore across both periods
• Classification issues: Related to HSN misclassification practices

The company's regulatory filing emphasizes its commitment to contesting the order while maintaining transparency with stakeholders about potential regulatory challenges.