UNO Minda Limited — Others, 08-02-2025: Action(s) initiated or orders passed

Uno Minda Limited has disclosed that its subsidiary, Uno Minda Kyoraku, received a GST order mandating payment of ₹1.98 crore in penalties related to tax liabilities from FY 2017-18 to FY 2021-22. The company is required to pay ₹1.98 crore for not fully discharging tax obligations on debit notes and an additional ₹25,000 for inaccuracies in return filings. Despite this, the company intends to contest the order, not anticipating a material impact on its financial or operational activities. This stance may provide a positive outlook for investors, as the company appears confident in its legal position.