Minda Corporation Ltd Receives Assessment Order Under Section 143(3) of Income Tax Act, 1961

Minda Corporation Ltd has received an Assessment Order under Section 143(3) of the Income Tax Act, 1961 dated March 28, 2026 from the Office of the Assistant Commissioner of Income Tax, Central Circle-13, Delhi. The order includes certain additions and disallowances to the income returned by the Company in its income tax return for Assessment Year 2023-24, resulting in a total demand of ₹670,906,417, which includes interest of ₹177,592,875. The Company is currently reviewing the Assessment Order in consultation with its tax and legal advisors and intends to contest the matter before the appropriate appellate authorities. There is no impact on financial, operation or other activities of the Company due to this Assessment Order.