Uno Minda Limited’s Board of Directors convened on November 5, 2026, to review and approve the unaudited financial results for the quarter and half-year ended September 30, 2026. Additionally, the board greenlit a substantial capital investment of approximately ₹85.00 crore towards expanding its sunroof manufacturing capacity in Bawal, Haryana. The expansion aims to meet growing customer orders and demand for advanced sunroof systems, with commissioning expected by Q2 FY28. The meeting also announced senior leadership changes.
Financial Results and Strategic Expansion Approved
The Board of Directors of Uno Minda Limited met on Thursday, November 05, 2026, and approved the unaudited financial results for the quarter and half-year ending September 30, 2026. These results, both standalone and consolidated, along with their respective limited review reports, have been enclosed as Annexure I. This disclosure is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Sunroof Division Expansion
A significant strategic decision made during the meeting was the approval of a Detailed Project Report (DPR) for the Sunroof Division. The company will undertake an additional capital investment of approximately ₹85.00 crore to expand its sunroof manufacturing capacity at its facility in Bawal, Haryana. This expansion is driven by the need to cater to increasing customer orders and the growing demand for advanced sunroof systems in the Indian passenger vehicle market. The new capacity is anticipated to be commissioned by the second quarter of FY28.
Senior Management Transitions
The Board also approved key changes in Senior Managerial Personnel (SMP):
- Mr. Nitesh Minda will transition into the role of Chief Executive Officer – SCS Domain. This move is part of a planned leadership succession, with Mr. Nitesh Minda taking over from the retiring Mr. A.G. Giridharan. He will officially assume the role of CEO-SCS Domain upon Mr. Giridharan’s retirement.
- Mr. Kartikeya Joshi has been elevated to the position of Chief Marketing Officer (CMO), effective November 05, 2026.
- Mr. Amit Jain has been redesignated to the new role of Group Chief Growth and Technology Officer (CGTO). In this expanded capacity, he will oversee Technology, R&D strategy, the 4W EV business, Corporate Manufacturing Excellence, Digital, and Strategy functions.
The meeting commenced at 11:45 A.M. and concluded at 12:35 P.M. Further details regarding these changes are provided in Annexure-II and Annexure-III. The disclosures are also available on the company’s website, www.unominda.com.
Source: BSE
