UNO Minda Ltd-$

UNO Minda's subsidiary, Minda Industries Vietnam Company Ltd., has received an order from the Phu Tho Province Tax Department in Vietnam. The order pertains to the imposition of administrative penalties for disallowances during the audit period from FY 2020-21 to 2025-26. The total amount includes tax/duty of ₹0.97 crore, interest of ₹0.19 crore, and penalty of ₹0.19 crore, totaling ₹1.35 crore. The company stated that it does not foresee any material impact on its financial or operational activities and is reviewing the order to take appropriate measures.

UNO Minda Limited's Board of Directors has approved a Scheme of Amalgamation to merge its subsidiary, Minda Onkyo India Pvt. Ltd. (MOIPL), with itself. The amalgamation, subject to regulatory and NCLT approvals, aims to streamline operations and benefit stakeholders. The combined entity will operate under UNO Minda Limited. The transaction is considered an arm's length transaction, with valuations confirmed by independent experts. Both companies are involved in the manufacturing and sale of automotive components.

UNO Minda Ltd announced that its Board of Directors has approved the Scheme of Amalgamation for merging its subsidiary, Minda Onkyo India Pvt. Ltd. (MOIPL), with the parent company, Uno Minda Limited (UML). The merger, subject to regulatory and shareholder approvals, aims to streamline operations and is considered in the best interest of all stakeholders. The transaction is deemed at arm's length, with valuations confirmed by an independent registered valuer and fairness opinion from an independent merchant banker. Both companies are involved in the manufacturing and sale of automotive components.

Uno Minda Limited's Board of Directors has approved a Scheme of Amalgamation for merging its subsidiary, Minda Onkyo India Private Limited (MOIPL), with itself. This decision, made after recommendations from the Audit Committee and Independent Directors, is subject to regulatory approvals, including from the National Company Law Tribunal (NCLT) and shareholders. The merger aims to streamline operations and is considered in the best interest of all stakeholders. The companies are primarily engaged in manufacturing and selling automotive components. The transaction is deemed at arm's length, with consideration determined by an independent valuer.

Uno Minda Limited announced its financial results for the quarter ended June 30, 2026 (Q1 FY27), reporting a record consolidated revenue of ₹5,557 crores, a significant 26% year-on-year increase. Consolidated EBITDA grew 21% YoY to ₹572 crores, and consolidated Profit After Tax (PAT) attributable to shareholders rose 24% YoY to ₹296 crores. The strong performance was driven by broad-based growth across product segments, including Switches, Lighting, Alloy Wheel, Seating, and its EV Systems and Alternate Fuel divisions. Management highlighted strategic alignment with industry shifts towards premiumisation, connected mobility, and electrification, positioning the company for future innovation and growth.

UNO Minda Ltd announced its un-audited financial results for the quarter ended June 30, 2026. The company reported a total income of ₹4,106.72 crore. Profit before tax stood at ₹302.66 crore, leading to a net profit of ₹244.43 crore for the period. The Board of Directors also granted in-principal approval for the voluntary liquidation of its wholly-owned subsidiary, Uno Minda Mobility Solutions Pvt. Ltd. The results are prepared in accordance with Indian Accounting Standards (Ind AS).

UNO Minda's consolidated revenue rose 23.8% YoY and 4.1% QoQ to ₹5,556.85 Cr, but consolidated net profit (before minority interest) grew just 2.1% YoY to ₹315.51 Cr and fell 10.3% QoQ — profit growth badly lagging the topline. Profit attributable to owners was ₹295.83 Cr (basic EPS ₹5.12, vs ₹5.06 a year ago and ₹5.65 last quarter); NCI's share was ₹19.68 Cr. Standalone (parent-only) PAT was ₹244.43 Cr, down 10.7% YoY though up 20.4% QoQ off a soft base, aided by ₹58.81 Cr of dividend income from subsidiaries/JVs. The gap is entirely margin-driven, not one-off related — neither this quarter nor either comparison quarter carried exceptional items. Operating margin (computed on the company's own disclosed formula) compressed to 10.29% from 12.10% a year ago and 11.30% last quarter; net profit margin fell to 5.68% from 6.87% YoY and 6.58% QoQ. This tracks the cost pressures the company had flagged going into the quarter — aluminium pass-through of roughly 4-5% and minimum-wage-linked labour cost increases — landing on the P&L broadly as expected. Against management's own FY27 outlook (from the Q4FY26 call) of EBITDA margins around 11% +/-50bps even after new-facility start-up costs, the 10.29% print sits below that band — a miss on guidance. Street brokerages previewing the quarter (Business Standard's Q1FY27 auto-sector preview) had already braced for margin near the lower end of a 10.5-11.5% range on the same cost pressures; the actual result undershot even that bearish call, a miss vs street too. Revenue, however, outperformed: ₹5,556.85 Cr sits near the top of the ₹5,014-5,647 Cr range brokerages had modelled (Univest), and comfortably ahead of the ~₹700-750 Cr organic growth plus ~₹15-20 Cr Onkyo contribution our own pre-result preview had flagged — the growth engine beat expectations while profitability trailed both the Street's and the company's own bar. No standalone management press release was available in the context to cross-check framing against. On corporate developments, the Board approved in-principle voluntary liquidation of dormant subsidiary Uno Minda Mobility Solutions (no operations) at this meeting. Two items flagged pre-result as watch points — the buy-up of Onkyo Sound Corporation's 19% stake in Minda Onkyo India (to 99% ownership, ₹1.02 Cr) and the ₹320 Cr passenger-vehicle seating capex approval — both fall after the June 30 quarter-end and are not reflected in these numbers; they roll into Q2. A GST penalty order (remanded for re-determination) and a ₹48.8 lakh anti-dumping duty order were also disclosed this quarter but are immaterial to the P&L.

UNO Minda Limited has announced an update regarding its acquisition in Minda Onkyo India Private Limited (MOIPL). The company has acquired an additional 19% equity stake in MOIPL by purchasing 1,51,40,352 equity shares from M/s. Onkyo Sound Corporation, Japan. This strategic move increases UNO Minda's total stake in MOIPL to 99%. This development follows earlier intimations dated August 7, 2024, September 24, 2024, and May 16, 2026.

UNO Minda Ltd has announced that its Board of Directors will convene on August 4, 2026. The primary agenda item is to consider and approve a proposed merger scheme involving Minda Onkyo India Private Limited, a subsidiary, and Uno Minda Limited. This merger will proceed under Sections 230-232 of the Companies Act, 2013, and other applicable regulations. The board meeting will also address the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The trading window for company securities will remain closed until 48 hours after the results are made public.

Uno Minda Limited has announced that its Board of Directors will convene on Tuesday, August 04, 2026. The primary agenda for this meeting is to consider and approve the un-audited standalone and consolidated financial results for the first quarter of the fiscal year 2026-27, which ended on June 30, 2026. In compliance with SEBI regulations, the trading window for dealing in the company's securities will remain closed for all directors, officers, and designated persons until 48 hours after the financial results are made public on August 04, 2026.