Board Meeting14 Sept 2026, 09:00 pm
UNO Minda Approves INR 600 Cr NCD Issuance & Expansion Projects
AI Summary
UNO Minda's Board of Directors has approved the issuance of Non-Convertible Debentures (NCDs) up to INR 600 crores. Additionally, the company greenlit significant expansion plans including a new two-wheeler alloy wheel plant in Haryana (INR 155 Cr capex), a new casting division plant in Tamil Nadu (INR 510 Cr capex), capacity expansion at its Bengaluru subsidiary (INR 80 Cr capex), and a new facility for an associate company in Maharashtra (INR 670 Cr capex). The company also approved the issuance of commercial papers up to INR 500 crores.
Key Highlights
- Board approves NCD issuance up to INR 600 crores.
- New two-wheeler alloy wheel plant approved in Haryana.
- Capacity expansion for Casting Division in Tamil Nadu approved.
- Subsidiary and associate companies also approved for new facilities.
- Commercial papers issuance up to INR 500 crores approved.
Price Impact
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