Uno Minda Limited has confirmed that the National Stock Exchange (NSE) rejected its request for a waiver concerning a ₹5,000 fine (plus GST). The penalty was imposed for a one-day delay in submitting the Related Party Transactions disclosure for the half-year ended September 30, 2025. Although the company paid the fine on December 18, 2025, the Board noted the incident and directed the strengthening of internal systems to prevent future lapses.
Confirmation of Fine Imposition and Rejection
Uno Minda Limited has issued an update regarding a penalty levied by the National Stock Exchange (NSE). The fine, amounting to Rs. 5,000/- plus applicable GST, was imposed following a notice dated December 16, 2025. The cause was identified as a one-day delay in submitting the required disclosure for Related Party Transactions for the half-year period ending September 30, 2025, as per Regulation 23(9) of the LODR Regulations.
The Company subsequently applied for a waiver of this fine on December 23, 2025, citing a technical glitch as the reason for the delay. However, the relevant authority at the NSE rejected this waiver request, requiring remittance by February 26, 2026.
Payment Details and Board Action
Despite the rejection of the waiver, the Company confirms that the total fine amount of Rs. 5,900 was remitted to the NSE on December 18, 2025, via NEFT, as detailed in the payment advice provided.
The matter was presented to the Board of Directors. The Board formally took note of the incident, including the waiver application. Crucially, the Board advised the Compliance Officer to ensure all filings adhere strictly to prescribed timelines under the Listing Regulations. Furthermore, the directive was issued to strengthen internal systems to mitigate recurrence and to promptly contact the Stock Exchange for advice in case of future filing difficulties.
NSE Initial Notice Context
The initial notice from the NSE, dated December 16, 2025, informed the Company of the non-compliance and detailed potential actions if payment or waiver requests were not processed, including freezing promoter shareholding or shifting trading to a ‘Trade for Trade’ basis.
The notice also specified the penalty structure for non-compliance with Regulation 23(9) for the 30-Sep-2025 quarter: a Rs. 5,000 daily fine for 1 day of non-compliance, totaling Rs. 5,000 plus 18% GST (Rs. 900), resulting in a total payment of Rs. 5,900.
Source: BSE
