Uno Minda Limited received an Adjudication Order from Deputy Commissioner of State Tax, Bhosari, Pune regarding certain reconciliation differences under the Goods and Services Tax Law. As per the order, following amount shall be payable by the Company: Tax amounting to INR 1,111,500/-, Interest amounting to INR 1,034,334/and Penalty amounting to INR 145,765/-. Order received by the Company on April 30, 2024 around 11:24 A.M. (IST).

The Company intends to contest against the said order based on merits of the case. The Company does not foresee any material impact on financial or operational or other activities of the Company.