Uno Minda Ltd has been issued a GST notice for an excessive Input Tax Credit claim in the fiscal year 2019-20, amounting to approximately INR 51 lakhs. The order includes a tax demand of INR 16.1 lakhs, a penalty of the same amount, and interest totaling INR 18.7 lakhs. However, the company intends to contest this decision.

UNO Minda has decided to invest 750.2 million INR, acquiring a 30% stake in Solar & Wind Energy Special Purpose Vehicles (SPVs). This investment aims to tap into renewable energy sources for sustainable power supply within India.

UNO Minda appoints new CEO, CSO, and COO as part of its leadership restructuring. The company plans to invest INR 750.2 million towards developing renewable energy projects in Haryana and Tamil Nadu.