UNO Minda Limited has informed the Exchange regarding submission of newspapers clippings.
UNOMINDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
UNO Minda Limited has submitted to NSE and BSE the newspaper clippings of its Postal Ballot Notice, which was published in The Financial Express (English) and Jansatta (Hindi) on April 10, 2025. The Postal Ballot, dispatched to shareholders on April 9, 2025, seeks approval for 8 resolutions via remote e-voting. Key resolutions include the re-designation of Mr. Nirmal K Minda as Executive Chairman and Mr. Ravi Mehra as Managing Director, appointment of Ms. Paridhi Minda and Ms. Pallak Minda (both from the promoter family) as Non-Executive Directors, and appointment of Mr. Shekar Viswanathan and Mr. Abhay Damle as Independent Directors. Additionally, shareholders are being asked to approve the 'Uno Minda Employee Stock Options Scheme 2025' (ESOS-2025) and the grant of stock options to employees of group companies, subsidiaries, associates, and joint ventures under this new scheme. The e-voting window runs from April 10, 2025 (9:00 AM) to May 9, 2025 (5:00 PM), with results to be announced on or before May 12, 2025.
Shareholders should review and vote on these resolutions, as they involve key board-level changes (including appointment of two promoter-family members) and a new employee stock option scheme that could lead to future equity dilution. The outcome of the postal ballot will shape the company's leadership and compensation structure going forward.