Uno Minda Ltd. announced that it has received a demand order dated 22nd April, 2024 regarding mis-match of EWB data and availment of excess Input Tax Credit (ITC) during Financial Year 2018-19. The Company has been demanded to pay the following amount as mentioned in the aforesaid order: CGST, SGST, IGST and CESS demand amounting to INR 42,832,917, Interest amount INR 40,007,117, Penalty amount INR 4,283,291. Name of the Authority GST Officer, SGST Delhi.

Date of receipt of direction or order, including any ad-interim or interim orders, or any other communication from the Authority: Order received by the Company on 22.04.2024 around 4:35 P.M. (IST). The Company intends to file appeal 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.