Uno Minda Limited, formerly known as Minda Industries Limited, has successfully completed the merger of its subsidiaries following approval from the National Company Law Tribunal (NCLT). The sanctioned Scheme of Amalgamation involves Kosei Minda Aluminum Company Private Limited, Kosei Minda Mould Private Limited, and Minda Kosei Aluminum Wheel Private Limited merging into Uno Minda Limited. The scheme became effective from January 29, 2025, after the certified copy of the NCLT order was filed with the Registrar of Companies.
The amalgamation, which had an appointed date of April 1, 2023, results in a significant restructuring of Uno Minda’s authorized share capital. Following the merger, the company’s authorized share capital stands at ₹1,148.15 crore, comprising ₹391.85 crore in equity shares, ₹27.5 crore in 8% non-cumulative redeemable preference shares, and ₹336.94 crore in 0.01% non-convertible redeemable preference shares.
Under the approved scheme, shareholders of the transferor companies will receive equity shares of Uno Minda as per the agreed swap ratio. This move is expected to enhance operational efficiency, optimize resource allocation, and streamline business operations within the automotive component manufacturer.
Uno Minda’s management believes that the amalgamation will provide synergies, strengthen the company’s market presence, and improve financial performance in the long run.
