Uno Minda Limited announced significant leadership changes and the approval of a major capital allocation toward sustainable energy. The Board approved an investment up to INR 750.20 lacs across various Special Purpose Vehicles (SPVs) to secure power through wind and solar energy. Concurrently, three key senior management personnel roles were adjusted, effective April 01, 2026, including the elevation of Vishal Kaul to CEO – Aftermarket Domain.
Senior Management Personnel Restructuring Approved
At the Board meeting held on March 30, 2026, the company approved several key changes within its Senior Management Personnel, all effective from April 01, 2026:
- Mr. Rakesh Kher, currently CEO – After Market Domain, transitions to the role of Chief Strategy Officer (CSO) & Advisor – Aftermarket Domain. Mr. Kher brings over 40 years of experience in strategy and manufacturing.
- Mr. Vishal Kaul has been elevated to Chief Executive Officer (CEO) – Aftermarket Domain. Mr. Kaul is an accomplished business leader with over 25 years of experience in the automotive aftermarket and consumer electronics sectors.
- Mr. Vishnu Johri, previously Dy. CEO – LAS Domain, will move to the role of Chief Operating Officer (COO) – 4W lighting and Asean. Mr. Johri has over 30 years of experience in operations and strategic management within the automotive sector.
Strategic Investment in Renewable Power Sourcing
The Board granted approval for a strategic investment of up to an aggregate amount of INR 750.20 lacs to be deployed by Uno Minda Limited and its subsidiaries (Uno Mindarika Pvt. Ltd. and Uno Minda Kyoraku Ltd.) into Special Purpose Vehicles (SPVs).
The objective of this investment is to source power through wind and solar energy, thereby increasing the utilization of renewable power sources for the company’s units.
Details of SPV Investment
The investment will be made in one or more tranches over the indicative period up to Q2 2026-27, utilizing Cash as the consideration.
The allocation of investment funds (in INR Lacs) across the targeted entities is as follows:
| Entity | Target SPV | Amount in Lacs |
|---|---|---|
| Uno Minda Limited | Hexa Energy MH7 Private Limited | 630.00 |
| Uno Minda Limited | RC Green Powers Private Limited | 0.20 |
| Uno Mindarika Private Ltd. | Hexa Energy MH11 Private Limited | 70.00 |
| Uno Minda Kyoraku Ltd. | Hexa Energy MH2 Private Limited | 50.00 |
The total sanctioned amount equals INR 750.20 lacs. The purpose of acquiring shares is to avail Open Access renewable Power (Solar & Wind) for units located in Haryana and Tamil Nadu.
SPV Background
The acquired SPVs are focused on setting up, generating, and distributing renewable energy in India. RC Green Powers Private Ltd. reported a turnover of INR 565.25 lacs for FY 2024-25. The investment secures up to 30% equity in these SPVs based on proportionate capacity allocation.
Source: BSE
