Uniparts India Limited , a prominent player in the engineered systems and solutions sector, has reported a significant development in its shareholding structure. M/s Soni Holdings, a partnership firm and part of the company's promoter group, has increased its stake in the company through open market purchases.

Key Details of the Acquisition

The acquisition was disclosed in compliance with the Securities and Exchange Board of India (SEBI) Substantial Acquisition of Shares and Takeovers Regulations, 2011. This move by the promoter group entity signals confidence in the company's future prospects and aligns with their long-term commitment to Uniparts India Limited.

Regulatory Compliance and Transparency

Jatin Mahajan, Head Legal, Company Secretary and Compliance Officer of Uniparts India Limited, signed the disclosure, ensuring adherence to regulatory requirements. The company promptly informed the stock exchanges, BSE Limited and the National Stock Exchange of India Limited, about this transaction, demonstrating its commitment to transparency and good corporate governance practices.

Recent Corporate Events

In addition to this shareholding update, Uniparts India Limited recently held its 31st Annual General Meeting (AGM). The AGM, conducted through video conferencing, covered several important agenda items, including:

1. Adoption of audited financial statements
2. Confirmation of interim dividends
3. Re-appointment of directors
4. Ratification of Cost Auditor's remuneration
5. Appointment of Secretarial Auditors
6. Re-appointment of an Independent Director

The company's proactive approach in conducting its AGM and promptly disclosing shareholding changes reflects its dedication to keeping shareholders informed and maintaining high standards of corporate governance.

This latest acquisition by M/s Soni Holdings underscores the promoter group's ongoing interest in strengthening its position within Uniparts India Limited, potentially indicating a positive outlook for the company's future growth and performance in the engineered systems and solutions market.

Uniparts India Limited , a leading manufacturer of engineered systems and solutions, has reported a robust performance for the quarter. The company's revenue from operations stood at INR 273.00 crores, reflecting an 8.25% quarter-on-quarter increase and a 4.2% year-on-year growth.

Financial Highlights

• EBITDA reached INR 57.89 crores, up 39% from the previous quarter and 26% year-on-year.
• The company achieved a strong EBITDA margin of 20%.
• Uniparts maintains a net debt-free position with net cash of INR 241.60 crores.
• Operating cash flow generation for the quarter was INR 54.00 crores.

Business Performance and Outlook

• New business awards over the past 12 months totaled approximately INR 200.00 crores in annualized potential value.
• The company expects mid-teens growth for the full year, driven by new business wins across construction equipment, large agriculture, and aftermarket segments.
• Management anticipates the next quarter to be in line with the current quarter's performance.

Market Dynamics

• The off-highway industry continues to face volatility, with tariff uncertainties affecting demand in the Americas.
• Europe shows early signs of recovery in the agricultural equipment market.
• Construction equipment segment appears to have stabilized, with major OEMs projecting flat to slight decline.

Strategic Initiatives

• Uniparts is leveraging its dual shore manufacturing capabilities to navigate market volatility and mitigate tariff-related risks.
• The company is expanding its presence in fabrication and exploring new platforms in hydraulics and power take-off units.
• A new warehousing facility in Mexico is set to be operational from October 2025, enhancing the company's ability to serve North American customers.

Tariff Impact and Mitigation

• Uniparts is in discussions with customers to find mutually beneficial solutions to address the recent increase in tariffs.
• The company's U.S. manufacturing facility provides flexibility in mitigating tariff impacts for certain products.

Gurdeep Soni, Chairman and Managing Director of Uniparts India, commented, "We continue to focus on our core strengths and build strong business franchise by strategically partnering with our customers in their journey and success. Our focus and efforts are aligned towards achieving the targeted growth in coming years."

With a strong order book, strategic geographic diversification, and ongoing efforts to expand product offerings, Uniparts India appears well-positioned to navigate the current market challenges and capitalize on growth opportunities in the off-highway equipment sector.