UNO Minda Limited — Others, 28-02-2025: Action(s) taken or orders passed

Uno Minda Limited has received an order from the Assistant Commissioner of Central Tax in Gurugram, demanding a penalty of ₹16.79 lakh for excess Input Tax Credit availed for the 2020-2021 period. The company plans to contest this order based on the merits of the case. Management asserts that they do not anticipate any material impact on the company's financial or operational activities. This situation may create a cautious sentiment among investors, but the company’s intention to challenge the penalty could reflect a positive outlook on resolving the issue.