UNO Minda Limited — Others, 01-02-2025: Action(s) initiated or orders passed

Uno Minda Limited has received an order from the Deputy Commissioner of Commercial Taxes in Mysuru regarding short payment of output tax due to discrepancies in GST rates for FY 2017-18. The order demands a total payment of approximately Rs. 3.51 crore, consisting of Rs. 1.77 crore in interest and Rs. 1.73 crore in penalties. The company plans to contest this order based on the merits of the case. Despite this development, Uno Minda does not anticipate any material impact on its financial or operational activities. Investors may perceive this as a neutral impact, with ongoing litigation presenting both risks and opportunities.