Uno Minda Ltd (UNOMINDA) — Board Meeting | 14 September 2026 (3 announcements)

Uno Minda approved six key initiatives at its September 14, 2026 board meeting: new 3.3 million-unit alloy wheel plant at Kharkhoda (INR 155 Cr capex), new casting plant at Hosur (INR 510 Cr capex), Bengaluru subsidiary capacity expansion (INR 80 Cr), TGSIN facility in Chhatrapati Sambhajinagar (INR 670 Cr), INR 600 Cr non-convertible debentures issuance, and INR 500 Cr commercial paper limit. These projects target capacity growth in automotive components and EV segments, with estimated incremental capex of INR 1,415 Crore total. The debt issuance enhances liquidity flexibility while the expansion aims to capture rising two-wheeler and EV demand in India.

Uno Minda approved detailed project reports for new and expanded manufacturing facilities in Kharkhoda (Haryana), Hosur (Tamil Nadu), Bengaluru (Karnataka), and Chhatrapati Sambhajinagar (Maharashtra), alongside authorizing up to INR 600 crores in non-convertible debentures and INR 500 crores in commercial paper issuance. The Kharkhoda plant will relocate 2.0 million units from Supa, targeting 3.3 million annual capacity by Q4 FY2028 with INR 155 crores capex. The Hosur expansion adds 20,557 MT capacity for EV components with INR 510 crores investment, while Bengaluru and TGSIN projects involve INR 80 and 670 crores respectively. The debt and paper issuances support funding needs for these capex plans.

The board approved six key initiatives including capacity expansion projects at Kharkhoda, Hosur, Bengaluru, and Chhatrapati Sambhajinagar, alongside INR 600 crore NCD issuance and INR 500 crore commercial paper facility. The Kharkhoda plant will add 1.3 million units annually by Q4 FY2028 with INR 155 crore capex, while Hosur expansion requires INR 510 crore. The subsidiary expansion involves INR 80 crore capex. The NCD issuance offers up to INR 600 crore with private placement and potential listing on BSE/NSE. These moves target growth in two-wheelers, EV/powertrain, and structural applications to capture rising demand. The capital allocation signals strategic scaling but increases leverage and execution risk.