UNO Minda Limited — Others, 09-01-2025: Action(s) taken or orders passed

Uno Minda Limited has received orders from the Karnataka Department of Commercial Taxes for a short payment of GST from FY 2017-18 and 2018-19, demanding a total of approximately ₹17.80 crore, comprising interest and penalties. The company intends to contest these orders based on the merits of the case and does not anticipate any material impact on its financial or operational activities. This development may influence investor sentiment, potentially presenting a neutral impact given the company's confidence in addressing the claims without adverse repercussions.