Uno Minda Limited Announces Leadership Changes and Investment in Renewable Energy
Uno Minda Limited announced changes to its senior management and approved investments in Special Purpose Vehicles (SPVs) for sourcing power through renewable energy on March 30, 2026.Leadership Changes
Mr. Rakesh Kher, currently CEO of the After Market Domain, will transition to the role of Chief Strategy Officer (CSO) & Advisor- Aftermarket Domain. Vishal Kaul, currently Business Head- Aftermarket Domain, has been elevated to Chief Executive Officer (CEO) of the Aftermarket Domain. Additionally, Vishnu Johri, currently Dy. CEO- LAS Domain, will assume the role of Chief Operating Officer (COO)- 4W lighting and ASEAN.
Investment in Renewable Energy
The Board of Directors approved an investment of up to INR 750.20 lacs, in one or more tranches, by Uno Minda Limited and its subsidiaries, Uno Mindarika Pvt. Ltd., and Uno Minda Kyoraku Ltd., in equity shares of Special Purpose Vehicles (SPVs) to source power through wind and solar energy.
The SPVs and investments include:
| Entity | SPV | Investment (INR 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 investments are intended to increase the company's share of power consumption through renewable energy for units located in Haryana and Tamil Nadu. The total investment is capped at INR 750.20 lacs. The completion of these investments is expected by the second quarter of 2026-27.
The Board Meeting concluded at 01:45 P.M. Further details are available on the company website at www.unominda.com
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