UNO Minda Limited has informed the Exchange about Acquisition
UNOMINDA · price
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UNO Minda's board has approved internal reshuffling of senior management effective April 1, 2026. Rakesh Kher moves from CEO-After Market to Chief Strategy Officer & Advisor-Aftermarket. Vishal Kaul, currently Business Head-Aftermarket, is elevated to CEO-Aftermarket Domain. Vishnu Johri shifts from Deputy CEO-LAS to COO-4W Lighting and Asean Region. All three are internal promotions or role changes — no external hires or resignations. Separately, the board approved an investment of up to INR 750.20 lacs in Special Purpose Vehicles (SPVs) for sourcing solar and wind power. The investment will be made through UNO Minda and its subsidiaries Uno Mindarika and Uno Minda Kyoraku, targeting up to 30% equity in each SPV. This is aimed at increasing the share of renewable energy used at their manufacturing units in Haryana and Tamil Nadu.
The management changes are purely internal and indicate continuity in leadership with no disruption. The renewable energy SPV investment is small (about 0.1% of typical company scale) but signals a step toward cleaner energy sourcing and potentially lower long-term power costs. Overall, this is a neutral-to-slightly-positive development for shareholders.