UNO Minda Limited — Important, 30-03-2025: Updates

Uno Minda Limited's Board has approved several key management changes, including the re-designation of Mr. Nirmal K Minda as Executive Chairman and Mr. Ravi Mehra as Managing Director, both effective April 1, 2025, until March 31, 2027. Additionally, Mr. Shekar Viswanathan and Mr. Abhay Damle have been appointed as Non-Executive Independent Directors, while Ms. Paridhi and Ms. Pallak Minda join as Non-Executive Directors. The Board has also approved the Uno Minda Employee Stock Option Scheme 2025 and a notable investment of ₹6.25 Crores in a Special Purpose Vehicle for solar energy sourcing. This strategic move is expected to enhance the company's commitment to renewable energy and sustainability initiatives. The Postal Ballot Notice for shareholder approvals on these matters has been approved. Overall, the changes suggest a strengthening of governance and an alignment with the growing focus on sustainable energy, indicating a positive outlook for the company’s future.