UNO Minda Limited has executed a restated joint venture agreement with Toyoda Gosei Co. Ltd. following consolidation of shareholding in their joint venture company, Toyoda Gosei Uno Minda India Private Limited.

Shareholding Consolidation Details

Prior to the consolidation, UNO Minda Limited held a 47.93% equity stake in the joint venture company, while its promoter group entity, Minda Investments Limited, held 1.97%. The joint venture partner, Toyoda Gosei Co. Ltd., maintained 51.10% shareholding.

The company subsequently acquired the entire 1.97% equity stake from Minda Investments Limited, consolidating its position in the joint venture.

Current Shareholding Structure

Following the consolidation, the updated shareholding structure is as follows:

Agreement Purpose and Impact

The restated joint venture agreement was executed to reflect the consolidated shareholding structure after Minda Investments Limited ceased to be a party to the original joint venture agreement. The agreement serves to restate, confirm, and record the mutual understanding and respective rights and obligations of the remaining parties in relation to the joint venture.

Importantly, there are no changes in the operations, management, or control of the joint venture company pursuant to this consolidation of shareholding.

Regulatory Compliance

The detailed disclosure for this transaction has been made pursuant to the provisions of Regulation 30 of SEBI Listing Regulations, read with Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The disclosure has also been made available on the company's website at www.unominda.com .

The restated joint venture agreement represents a structural consolidation that strengthens UNO Minda Limited's position in the joint venture while maintaining the established operational framework with Toyoda Gosei Co. Ltd.

UNO Minda has successfully completed the acquisition of remaining shares in UMBM, making it a fully owned subsidiary. This strategic acquisition represents the final step in UNO Minda's process to gain complete ownership and control over UMBM's operations.

Acquisition Details

The completion of this share purchase transaction means UNO Minda now holds 100% ownership in UMBM. The company has finished purchasing all outstanding equity stakes that were previously not under its control, effectively consolidating its position in the subsidiary.

Strategic Implications

This acquisition completion strengthens UNO Minda's corporate structure by bringing UMBM under full ownership. The move provides the company with complete operational control and decision-making authority over the subsidiary's business activities.

The transaction aligns with UNO Minda's expansion strategy in the auto ancillaries sector, where the company continues to build its market presence through strategic acquisitions and subsidiary consolidation.

Corporate Structure Enhancement

With UMBM now operating as a fully owned subsidiary, UNO Minda can implement integrated business strategies and streamline operations across its corporate structure. This complete ownership model enables better coordination and resource allocation within the group's business framework.