UNO Minda Limited has disclosed that it has received revised orders from the Department of Commercial Taxes, Office of the Joint Commissioner of Commercial Taxes (Enforcement)-1, Mysuru, Karnataka, following a writ petition filed by the company before the Hon’ble High Court of Karnataka.

• The company had challenged an earlier adjudication order dated January 08, 2025.
• The Hon’ble High Court directed the GST Department to issue a fresh order under Section 73 of the CGST Act within one week from May 05, 2025.
• In compliance, the company submitted a letter on May 06, 2025, requesting the revocation of the previous order and the issuance of a new one.
• The GST Department issued fresh orders, which the company received on May 26, 2025, demanding the following amounts:
  • For FY 2017-18:
    • Interest: ₹1,81,88,402
    • Penalty: ₹17,49,062
  • For FY 2018-19:
    • Interest: ₹6,05,11,651
    • Penalty: ₹65,55,954
• UNO Minda Limited intends to seek the benefit under the Amnesty Scheme as contemplated under Section 128(A) of the CGST Act, 2017.
• The company does not foresee any material impact on its financial, operational, or other activities.