UNO Minda Limited — JV/Acquisition, 04-08-2026: Amalgamation/Merger

Uno Minda Limited's board has greenlit the merger of its subsidiary, Minda Onkyo India Pvt. Ltd. (MOIPL), into the parent company. This strategic move aims to boost operational synergies, cut costs, simplify the group structure, and enhance overall scale.

MOIPL, with a net worth of ₹28.39 Cr and turnover of ₹40.28 Cr, will merge into UML (net worth ₹5793.87 Cr, turnover ₹14699.65 Cr). MOIPL minority shareholders will receive 6 UML shares (₹2 FV) for every 10,000 MOIPL shares (₹10 FV) they hold. The merger, effective April 1, 2026, awaits various approvals. This benefits MOIPL shareholders converting to UML, with minimal impact on current UML shareholding percentages.