Uno Minda Share Price in Focus; Gets Tax Order in HSN Misclassification Case

Uno Minda Limited has received an order related to a tax matter concerning product classification under the HSN framework, covering multiple financial periods between 2017 and 2023, as per an exchange filing dated March 11, 2026. 

Details of Tax Order 

The order was issued by the Office of the Commissioner of Goods & Service Tax and Central Excise, Salem, Tamil Nadu. According to the company, the tax demand amounting to ₹126,19,24,144 had already been paid prior to the commencement of the dispute. 

As a result, the adjudicating authority appropriated the tax demand and imposed interest as applicable along with penalties for the periods under review. 

Period Wise Penalty Details 

For the period November 15, 2017 to March 2020, the company has been directed to pay applicable interest and a penalty of ₹4,23,79,859. The company stated that it has adopted an amnesty scheme for this period, and therefore there is no exposure of this amount to the company. 

For the subsequent period April 2020 to October 2023, the order requires payment of applicable interest along with a penalty of ₹8,38,12,557. 

Company’s Position on the Matter 

Uno Minda stated that it intends to contest the order based on the merits of the case. The company also indicated that it does not foresee any material impact on its financial, operational or other activities due to this matter. 

Read More: Avenue Supermarts Receives ₹1 Lakh Penalty Order from Ghaziabad Authority for Alleged Sale of Substandard Product! 

Uno Minda Share Price Performance  

As of 12 March 2026, at AM, Uno Minda Limited share price is trading at ₹1,057.10 per share, a decline of 2.27% from the previous closing price. Over the past month, the stock has declined by %. 

Conclusion 

Uno Minda clarified that the underlying tax amount had already been settled earlier and stated that the matter is being contested while no material business impact is expected. 

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