Uno Minda has completed the acquisition of a 19% equity stake in Minda Onkyo India Private Limited (MOIPL), increasing its total holding in the subsidiary to 99%. The company acquired 1,51,40,352 equity shares from Onkyo Sound Corporation, Japan, finalizing the transaction on July 30, 2026. This move consolidates Uno Minda's control over MOIPL, leaving only a 1% residual stake held by external parties. The acquisition aligns with the company's strategy to deepen integration within its automotive electronics and infotainment segments.

The transaction was disclosed to the National Stock Exchange of India Ltd. and BSE Ltd. via a regulatory filing dated July 30, 2026. The filing references earlier intimations issued by Uno Minda on August 7, 2024, September 24, 2024, and May 16, 2026, which outlined the progression of this stake acquisition. Tarun Kumar Srivastava, Company Secretary & Compliance Officer of Uno Minda Limited, certified the disclosure from Manesar, Gurugram.

Transaction Details

The key parameters of the acquisition are summarised below:

With this acquisition, Uno Minda now holds a dominant majority in MOIPL. The remaining 1% stake is not attributed to any specific entity in the current filing. The consolidation of ownership may streamline decision-making processes and financial reporting for the subsidiary, which operates in the automotive audio and connectivity space.

Strategic Implications

The increase in equity stake to 99% signifies near-complete vertical integration for Uno Minda in its joint venture with Onkyo Sound Corporation. By reducing external minority interest, Uno Minda gains greater operational autonomy over MOIPL's strategic direction, capital allocation, and product development cycles. This structural change is likely to enhance synergy realization between Uno Minda's broader automotive components portfolio and MOIPL's specialized infotainment solutions.

What the Numbers Show

The acquisition of exactly 19% indicates that Uno Minda previously held an 80% stake in MOIPL. The step-up to 99% reflects a deliberate strategy to eliminate significant minority shareholder influence while retaining a nominal external presence, possibly for regulatory or partnership structuring reasons. The precision of the share count — 1,51,40,352 — reflects a calculated transaction designed to hit a specific ownership threshold without triggering full mandatory open-offer obligations under SEBI regulations, as the company already held a controlling interest.

Uno Minda Limited has notified the National Stock Exchange of India Ltd. and BSE Ltd. that its Board of Directors will consider approving a Scheme of Merger involving the company and its subsidiary, Minda Onkyo India Private Limited. The strategic consolidation is set to be discussed at a board meeting scheduled for August 04, 2026, alongside the approval of the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026.

The merger proposal seeks to amalgamate Minda Onkyo India Private Limited into Uno Minda Limited, affecting their respective shareholders and creditors. This action is being taken pursuant to the provisions of Section 230 to 232 and other applicable sections of the Companies Act, 2013. The move also aligns with the relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commonly known as the Listing Regulations, along with other applicable laws, circulars, regulations, and guidelines.

This update serves as an addition to the company’s earlier intimation dated July 28, 2026, which was issued under Regulation 29 and Regulation 50 of the Listing Regulations. The initial notice had only covered the consideration of financial results for the quarter ended June 30, 2026. The inclusion of the merger scheme highlights a significant corporate restructuring effort aimed at streamlining the group’s operational structure.

Key Agenda Items

The Board meeting on August 04, 2026, will focus on two primary matters:

Compliance and Trading Window

In compliance with regulatory norms regarding unpublished price-sensitive information, the trading window for dealing in the securities of Uno Minda Limited remains closed. This restriction applies to all directors, officers, and designated persons of the company. The trading window will remain shut until 48 hours after the financial results are made public on August 04, 2026.

The intimation was signed by Tarun Kumar Srivastava, Company Secretary & Compliance Officer of Uno Minda Limited, from the company’s office in Manesar, Gurugram. The reference numbers for this communication are Z-IV/R-39/D-2/NSE/207 and 174.