UNO Minda Ltd-$

UNO Minda Limited has successfully issued and allotted Commercial Papers (CPs) worth INR 100 Crore on September 25, 2026. The unsecured CPs have a maturity date of December 24, 2026, with a tenor of 90 days. The issuance was done via private placement and is listed on the National Stock Exchange of India Limited. The credit rating for these CPs is IND A1+, indicating a strong credit quality. The face value per security is INR 5,00,000, with an issue price of INR 4,92,351.50, reflecting a coupon/interest rate of 6.30%. The investor in this issuance is Kotak Mahindra Bank.

Uno Minda Limited has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) regulations and will be in effect from October 01, 2026, until 48 hours after the announcement of the un-audited financial results for the quarter and half-year ending September 30, 2026. The specific date for the Board Meeting to consider these financial results will be communicated separately.

UNO Minda Ltd has received a review order from the Joint Commissioner of State Tax, Pune VAT, demanding a net amount of ₹1,13,72,385. This demand pertains to the non-submission or short submission of declaration forms under the CST Act, 1956, for the financial years 2015-16, 2016-17, and 2017-18. The demand includes tax, penalty, and interest, less an amount already paid. The company has stated its intention to contest the order on merits and does not foresee any material impact on its financial or operational activities.

Uno Minda Limited announced four major strategic expansion and plant consolidation projects with a combined investment of ₹1,415 crore. These expansions aim to strengthen manufacturing capabilities and cater to increasing demand from OEMs. The projects include a new greenfield aluminium casting facility in Hosur, expansion and relocation of two-wheeler alloy wheel capacity in Kharkhoda, Haryana, and expansions in moulding and interior/exterior parts and sealing systems. The Hosur facility will significantly increase aluminium casting capacity, while the Kharkhoda plant will enhance geographical diversification for alloy wheels. These initiatives are expected to be implemented over the next two to three years.

UNO Minda's Board of Directors has approved a significant capacity expansion plan across its subsidiaries and associates, involving multiple new plants and upgrades. Key approvals include a new two-wheeler alloy wheel plant in Haryana (₹155 Cr), a casting division plant in Tamil Nadu (₹510 Cr), expansion at a subsidiary's Bengaluru plant (₹80 Cr), and a new facility in Maharashtra for automotive products and airbags (₹670 Cr). The company also approved the issuance of Non-Convertible Debentures (NCDs) up to ₹600 crores and commercial papers up to ₹500 crores to fund these expansions and general corporate purposes. These strategic moves aim to bolster manufacturing capabilities and support future growth, particularly in EV and powertrain applications.

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.

UNO Minda's Board of Directors approved several significant expansion and investment initiatives. Key approvals include a new Alloy Wheel plant for the AW2W division at Kharkhoda, Haryana, with an estimated capex of INR 155 Crore, involving relocation of existing capacity. The company also greenlit a new Casting Division plant at Hosur, Tamil Nadu, for INR 510 Crores, and capacity expansion at its subsidiary Uno Minda Kyoraku Limited's Bengaluru plant for INR 80 Crores. Additionally, an associate, Toyoda Gosei South India Private Limited, will set up a facility in Chhatrapati Sambhajinagar, Maharashtra, with an estimated capex of INR 670 Crores. The Board also approved the issuance of Non-Convertible Debentures up to INR 600 Crores and Commercial Papers up to INR 500 Crores.

UNO Minda Ltd has announced that its Board of Directors will convene on September 14, 2026. The primary agenda item is to consider and approve the raising of funds through the issuance of Listed Non-Convertible Debentures (NCDs) in one or more tranches. This move is subject to obtaining the necessary regulatory approvals. The company has also informed that the trading window for designated persons will remain closed until 48 hours after the public announcement of this event.

UNO Minda Ltd has received an Order-in-appeal from the Pr. Commissioner (Appeal-II), Central GST, Chennai, concerning a prior order related to excess Input Tax Credit (ITC) availment and non-payment of GST by its erstwhile merged entity, Harita Fehrer Limited. The appellate authority has reduced the original demand, with the revised tax, penalty, and interest amounting to ₹5.02 Crore, ₹0.50 Crore, and applicable interest, respectively. The company received this order on September 3, 2026. UNO Minda intends to contest this order further based on its merits and does not foresee any material impact on its financial or operational activities.

UNO Minda Ltd announced that Dr. Sandhya Shekhar has completed her two-year tenure as a Non-Executive Independent Director. Her term concluded on September 01, 2026, and she has ceased to be an Independent Director. The company expressed its sincere appreciation for her valuable contributions, guidance, and advice during her service. The disclosure follows SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.