UNO Minda Limited has informed the Exchange regarding 'Report Of The Audit Committee And Independent Directors Certifying That The Company Has Compensated The Eligible Shareholder Entitled To Fractional Shares Under The Scheme Of Amalgamation'.
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UNO Minda has submitted the report of its Audit Committee and Independent Directors certifying that it has compensated the eligible shareholder for fractional shares arising from its NCLT-approved Scheme of Amalgamation. The scheme merged three Kosei Minda entities (Kosei Minda Aluminum Company, Kosei Minda Mould, and Minda Kosei Aluminum Wheel) into UNO Minda, with the NCLT approving it on December 18, 2024 and the scheme becoming effective on January 29, 2025. On the August 6, 2025 allotment date, the company issued 2,81,974 equity shares of ₹2 each to the sole eligible shareholder of the transferor companies, who was entitled to a fractional entitlement of 0.86 shares that was rounded up to 1 share. The shareholder was compensated on October 28, 2025, within the 90-day SEBI requirement.
This is a routine post-implementation compliance filing under an already-effective NCLT amalgamation scheme. No material impact on existing shareholders or the stock price is expected, as the share issuance to the Kosei Minda shareholder was minimal (2,81,974 shares).