Uno Minda Limited has disclosed that its subsidiary MI Torica India Pvt. Ltd. received a GST order demanding ₹25.10 lakh for alleged violations related to the financial year 2019-20. The disclosure was made under Sub-Para 20 of Para A of Part A of Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

GST Order Details

The order was issued by the Office of the Assistant Commissioner of Central Goods & Service Tax, Division West 1, Gurugram Commissionerate and was received by MI Torica on January 05, 2026 around 10:00 A.M. (IST). The order addresses issues related to excess input tax credit availed and RCM tax liability not discharged on ocean freight for the financial year 2019-20.

Company's Response and Impact Assessment

MI Torica India Pvt. Ltd. intends to contest the GST order based on the merits of the case. The parent company, Uno Minda Limited, has stated that it does not foresee any material impact on its financial, operational, or other activities as a result of this order.

Regulatory Compliance

The disclosure was made in compliance with SEBI regulations requiring listed entities to inform stock exchanges about significant orders or actions taken by regulatory authorities against the company or its subsidiaries. The communication was addressed to both the National Stock Exchange of India Ltd. and BSE Ltd., with reference number Z-IV/R-39/D-2/174 & 207 dated January 05, 2026.

The disclosure was signed by Tarun Kumar Srivastava, Company Secretary & Compliance Officer of Uno Minda Limited, from the company's Manesar, Gurugram location.

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:

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.