UNO Minda Subsidiary Receives Penalty Order of ₹1.05 Crore
UNO Minda's wholly-owned subsidiary, Minda Storage Batteries Private Limited (MSBPL), received a penalty order of ₹1.05 crore for excess ITC claimed. The order was issued by the Central GST Commissionerate, Dehradun for FY 2023-24. MSBPL plans to contest the order, and the company does not anticipate a material impact.
The penalty amount of ₹1.05 crore is not considered material for UNO Minda Limited, and the company explicitly stated no material impact on its financial or operational activities.
The company has received a penalty order, which is typically negative. However, the company intends to contest it and does not foresee any material impact, thus balancing the sentiment to neutral.
Minda Storage Batteries Private Limited (MSBPL), a wholly-owned subsidiary of UNO Minda Limited, has received a penalty order from the Office of the Principal Commissioner, Central GST Commissionerate, Dehradun.
The order, issued under the provisions of the CGST Act, 2017 and UKGST Act, 2017 for FY 2023-24, pertains to excess Input Tax Credit (ITC) claimed. MSBPL has been directed to pay a penalty amount of ₹1,04,88,574/-
The order was received by MSBPL on December 30, 2025, around 11:50 P.M. (IST).
MSBPL intends to contest the order based on the merits of the case. UNO Minda Limited does not foresee any material impact on its financial, operational, or other activities as a result of this penalty.
What to do with a filing like this
UNO Minda Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by UNO Minda Limited. Read the original for the full detail.