Uno Minda Limited reports the completion of compensation for fractional entitlements to eligible shareholders, as per the amalgamation scheme. The compensation, certified by the Audit Committee and Independent Directors, was completed by October 28, 2025, within the stipulated 90-day period following the Allotment Date of August 06, 2025. This fulfills the requirements of the amalgamation scheme involving Kosei Minda and Minda Kosei entities.
Fractional Share Compensation
Uno Minda Limited has announced the successful compensation of fractional entitlements to eligible shareholders, in accordance with the scheme of amalgamation. This process involves the merger of Kosei Minda Aluminum Company Private Limited, Kosei Minda Mould Private Limited, and Minda Kosei Aluminum Wheel Private Limited with Uno Minda Limited.
Key Dates and Compliance
The compensation process was completed by October 28, 2025, ensuring compliance with regulatory timelines. The allotment date for shares under the scheme was August 06, 2025. The Audit Committee and Independent Directors have both certified that all eligible shareholders entitled to fractional shares have been duly compensated within the mandated 90-day period.
Scheme Details
The scheme, approved by the National Company Law Tribunal (NCLT) on December 18, 2024, became effective on January 29, 2025. As per the scheme, eligible shareholders of Transferor Company 1 received 13 fully paid-up equity shares of Uno Minda for every 10,000 shares held, and shareholders of Transferor Company 2 received 181 shares for every 10,000 shares held.
Treatment of Fractional Entitlements
The calculation of fractional entitlements under the Scheme resulted in a sole shareholder being entitled to a fractional share. The company directly allotted the fractional entitlement i.e., one Equity share to the said eligible sole shareholder.
Certification
The Audit Committee certifies that the Company has duly compensated the eligible shareholder entitled to fractional shares, within 90 (ninety) days from the Allotment Date in accordance with Paragraph D of Part I of the SEBI Master Circular and Clause 15.1 of the Scheme.
Source: BSE
