UNO Minda Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 08, 2025
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UNO Minda Limited held its 33rd AGM on August 8, 2025, via video conferencing, chaired by Executive Chairman Mr. Nirmal K Minda. A total of 503 shareholders (12 promoters and 491 public) attended the meeting out of 2,05,011 eligible shareholders. Seven resolutions were put to vote, including adoption of audited financial statements for FY25, declaration of a final dividend of Rs. 1.50 per equity share (75%) along with confirmation of an interim dividend of Rs. 0.75 per share (37.5%) already paid, and re-appointment of Mr. Vivek Jindal as Director. A key special resolution was passed approving the raising of funds up to Rs. 2,500 Crores through issue of securities in one or more tranches. M/s. DPV & Associates LLP was also appointed as Secretarial Auditors for a five-year term (FY 2025-26 to FY 2029-30), and remuneration of Cost Auditors was ratified. The statutory auditors confirmed there were no adverse qualifications in their report. All directors attended except Mr. Shekar Viswanathan. Voting results were to be submitted to stock exchanges within two working days.
Shareholders will receive a total dividend of Rs. 2.25 per share for FY25 (Rs. 0.75 interim + Rs. 1.50 final). The approval to raise up to Rs. 2,500 Crores through securities is significant and could lead to equity dilution depending on the instrument chosen; investors should watch for the fund-raising announcement and how the capital is deployed for growth.