| Textual Information(1) |
1 These unaudited consolidated financial results of the Holding Company have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act 2013 read with the Companies (Indian Accounting Standard) rules, 2015 as amended. The said financial results represent the results of Uno Minda Limited (“Holding Company”) and its subsidiaries (the Holding Company and its subsidiaries together referred to as “the Group”), its associates and joint ventures for the quarter and nine months ended December 31, 2025. 2 These unaudited consolidated financial results for the quarter and nine months ended December 31, 2025 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 05, 2026. These results have been subjected to limited review by the statutory auditors of the Holding Company under regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors have expressed an unmodified conclusion on the above results. 3 The Group is engaged in the business of manufacturing of auto components including auto electrical parts and its accessories and ancillary services. The Group’s activities fall within single primary operating segment and accordingly, disclosures as per Ind AS 108 - Operating Segments are not applicable on the Group. 4 During the nine months ended December 31, 2025, the Holding Company has allotted 26,05,771 equity shares upon exercise of stock options by ESOP holders under UNOMINDA Employee Stock Option Scheme 2019. 5 During the quarter ended September 30, 2025, the Holding Company has granted 15,66,400 stock options at a exercise price of Rs 950 per option under UNOMINDA Employee Stock Option Scheme 2025 subject to satisfying specified vesting criteria based on market condition and performance conditions. The same has been accounted for in accordance with Ind AS 102- Share Based Payment. 6 During the quarter ended June 30, 2025, the Holding Company issued listed Commercial Papers (CPs) aggregating to Rs. 200.00 crores, as detailed below: (i) Rs 100.00 crores issued on April 17, 2025, bearing interest rate of 6.63%, redeemable on July 16, 2025 (ii) Rs 100.00 crores issued on April 25, 2025, bearing interest rate of 6.60%, redeemable on July 23, 2025 These Commercial Papers were listed on the National Stock Exchange of India Ltd. (NSE) During the quarter ended September 30, 2025, the Holding Company issued unlisted Commercial Papers (CPs) aggregating to Rs. 200 crores, as detailed below: (i) Rs 100.00 crores issued on July 14, 2025, bearing interest rate of 6.60%, redeemable on October 10, 2025 (ii) Rs 100.00 crores issued on July 23, 2025, bearing interest rate of 6.63%, redeemable on October 16, 2025 During the quarter ended December 31, 2025, the Holding Company issued unlisted Commercial Papers (CPs) aggregating to Rs. 300 crores, as detailed below: (i) Rs 100.00 crores issued on October 16, 2025, bearing interest rate of 5.98%, redeemed on January 09, 2026 (ii) Rs 100.00 crores issued on October 31, 2025, bearing interest rate of 6.15%, redeemed on December 16, 2025 (iii) Rs. 100.00 crores issued on December 24, 2025, bearing interest rate of 6.15% redeemable on February 10, 2026 The Commercial Papers which were due for repayment have been redeemed on their respective due dates. 7 During the quarter ended September 30, 2025, the Holding Company has issued unsecured, listed, rated, redeemable, non-cumulative, taxable and non-convertible debentures (NCDs) aggregating up to Rs 200.00 crores comprising of 10,000 (Ten Thousand) unsecured, listed, rated, redeemable, non-cumulative, taxable and non-convertible debentures of a face value of Rs 100,000 (Indian Rupees One Lakh Only) each under 7.12% Uno Minda Series I Debentures amounting to Rs 100.00 crores (redeemable after 1 year and 2 months from the date of allotment) and 10,000 (Ten Thousand) unsecured, listed, rated, redeemable, non-cumulative, taxable and non-convertible debentures of a face value of Rs 100,000 (Indian Rupees One Lakh Only) each under 7.11% Uno Minda Series II Debentures amounting to Rs 100.00 crores (redeemable after 1 year and 3 months from the date of allotment) on Private Placement basis to the identified investors . The said NCDs have been listed on BSE Limited on August 21, 2025. 8. During the previous year, the Board of Directors of Holding Company at its meeting dated February 14, 2025 had approved the acquisition of 49.90% equity stake in the subsidiary company namely Uno Minda EV Systems Private Limited (UMEVS) from FRIWO Geratebau GmbH (FRIWO GmbH) along with acquisition of IP rights and E-drive business assets in Germany through subsidiary company namely UMEVS from FRIWO GmbH and E-drive business assets in Vietnam through subsidiary company namely Minda Industries Vietnam Co. Ltd. (MIVCL) from FRIWO Vietnam Co. Ltd (FRIWO Vietnam), the group company of FRIWO GmbH . During the quarter ended June 30, 2025, the Holding Company had paid the consideration of Rs 141.28 crores for acquisition of equity shares in UMEVS and respective subsidiary companies have completed the acquisition of E-drive business assets amounting to Rs 58.01 crores. The management has allocated the consideration paid based on preliminary valuation and does not expect any significant adjustments to these consolidated financial results. 9. The Board of directors of Holding Company at its meeting dated December 01, 2025, have approved the acquisition of 49.90% equity stake in the subsidiary company namely Uno Minda Buehler Motor Private Limited (“UMBM”) from Buehler Motor Gmbh (Buehler) for consideration of Rs. 0.11 crores. The said transaction has been completed on December 15, 2025 and UMBM has become a wholly owned subsidiary of the Company. Further, the existing Joint Venture agreement between the Company and Buehler stands terminated and separate amended and restate Technical License Agreement (TLA) has been entered into. Upon acquisition of equity stake in UMBM, the carrying amount of the NCI has been derecognized, and the difference between the consideration paid and the carrying amount of the NCI derecognized has been recognized in equity amounting to Rs 0.23 crores. Subsequent to the quarter end, name of the UMBM has been changed to Uno Minda Mobility Solutions Private Limited. 10. The Board of Directors of the Holding Company at its meeting held on November 12, 2024, had approved the acquisition of two-wheeler seat manufacturing business of Sundaram Auto Components Limited (SACL) at its Nalagarh unit on slump sale basis pursuant to the Business Transfer Agreement for the consideration of Rs 15.49 crores. The Holding Company has accounted the said transaction as a business combination as per Ind-AS 103 - Business Combination. 11. During the quarter ended June 30, 2025, the Holding Company has approved the acquisition of 8,50,000 Equity Shares, representing 50.00% of equity share capital, in joint venture namely Rinder Riduco S.A.S. Columbia from its wholly owned subsidiary company namely Light & Systems Technical Centre, S.L. Spain (LSTC), at a consideration of Rs. 14.95 crores (Euro 14,88,043). The transaction will be accounted upon completion of acquisition. 12. The Board of the Directors of the Holding Company in its meeting held on September 28, 2023 had approved the acquisition of 26% (twenty six percent) stake held by “Westport Fuel System Italia S.R.L” in erstwhile joint venture namely “Minda Westport Technologies Limited” (“MWTL”) for a consideration of Rs 14.81 crores. The said acquisition had been completed on April 18, 2024 and MWTL had become a subsidiary of the Group. Accordingly, the same had been accounted for in accordance with Ind AS 103 - 'Business Combination' and gain amounting to Rs. 13.09 crores on remeasurement of existing interest in erstwhile joint venture had been recognized under exceptional item in statement of profit and loss account of year ended March 31, 2025. 13. The Board of the Directors of the Holding Company in its meeting held on August 07, 2024 had approved the acquisition of 49%(forty nine percent) stake held by “Onkyo Sound Corporation” (OSC) Japan in erstwhile joint venture namely “Minda Onkyo India Private Limited” (“MOIPL”) for the consideration of Rs 2.53 crores to be acquired in two phases comprising of 30% acquisition in phase-I for the consideration of Rs. 1.55 crores and 19% acquisition in phase-II for the consideration of Rs. 0.98 crores. Phase-I acquisition had been completed on September 24, 2024 and MOIPL had become a subsidiary of the Group. Accordingly, the same had been accounted for in accordance with Ind AS 103 - 'Business Combination' and loss amounting to Rs. 4.55 crores on remeasurement of existing interest in erstwhile joint venture had been recognized under exceptional item in statement of profit and loss account of year ended March 31, 2025. Phase II acquisition will be done post satisfaction of condition specified in share purchase agreement. 14. On November 21, 2025, the Government of India notified four new Labour Codes (the Code on 'Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020) consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of the financial impact due to changes in regulations. The Group has assessed and accounted for the incremental impact of these changes with the best information available and guidance provided by the Institute of Chartered Accountants of India. The impact of the above change amounting to Rs 27.57 crores has been disclosed as Exceptional items in the consolidated financial results for the quarter and nine months ended December 31, 2025. The Group continues to monitor the finalisation of Central/ State Rules and clarifications from the Government on other aspects of the Labour Codes and would provide appropriate accounting effect as and when such clarification are issued/ rules are notified. 15. The Board of Directors of the Holding Company in its meeting held today has approved and declared an interim dividend of Rs 0.90 per equity share (face value of Rs 2 per share) for the financial year 2025-26 |