NEW DELHI, May 21, 2025: Uno Minda, a leading Tier 1 component manufacturer, received board approval to allocate Rs 20 crores to redeemable preference shares in Uno Minda EV Systems.
This investment is part of a larger strategy to raise Rs 2,500 crore through a variety of securities. Tarun Kumar Srivastava, Company Secretary and Compliance Officer, stated in a regulatory filing with the stock exchanges.
Srivastava stated that the company intends to complete this fundraising through the issuance of “securities, including foreign currency convertible bonds (FCCBs), other financial instruments convertible into equity shares, and secured or unsecured bonds/non-convertible debentures (NCDs), via public or private placements, including but not limited to Qualified Institutional Placements (QIPs), in one or more tranches following the passing of a Special Resolution by the shareholders.”
Furthermore, the management has decided to consolidate and relocate its two-wheeler lighting manufacturing plants from Bahadurgarh and Sonipat to Kharkhoda, Haryana, with operations set to begin in the fourth quarter of 2026–27.
Senior officials stated that the new facility is being built to meet growing OEM demand and to reduce efficiency losses associated with operating three plants.
Uno Minda has also announced the appointment of new management personnel, including Anadi Sinha as Senior President, Head of Real Estate and Corporate Affairs, Amit Gupta as Senior President, Business Head of the 2W Switch business; and Anil Singh Makhloga as Senior President, Deputy CEO of the ACS Domain.
