UNO Minda Limited — Others, 06-02-2025: Action(s) initiated or orders passed

Uno Minda Limited has received a GST order demanding payment of Rs. 56.26 crore in penalties, alongside applicable interest, for not fulfilling tax obligations related to Debit Notes and filing inaccuracies from FY 2017-18 to FY 2021-22. The company plans to contest this order on merits and does not anticipate any material impact on its financial or operational activities. Investors may view this situation with a cautious outlook, as the company's proactive stance could mitigate potential risks, while clarity on this matter will be essential for future sentiment.