UNO Minda Limited has submitted the Exchange outcome of Postal Ballot along with Scrutinizers' report.
UNOMINDA · price
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UNO Minda Limited has announced the results of its postal ballot (e-voting concluded May 9, 2025), with all 8 resolutions passed with the required majority. Key approvals include the re-designation of Nirmal K Minda as Executive Chairman (90.02% in favor), Ravi Mehra as Managing Director (98.78% in favor), and the appointment of Paridhi Minda and Pallak Minda (both 99.91% in favor) as Non-Executive Directors. Two Independent Directors — Shekar Viswanathan (99.99%) and Abhay Damle (99.99%) — were also approved. Shareholders cleared the new 'UNO MINDA ESOS-2025' Employee Stock Option Scheme covering up to 2,87,08,192 options (5% of paid-up capital), with 91.59% voting in favor. The grant of stock options to employees of group companies, subsidiaries, associates and JVs was also approved with 87.30% support. Total of 2,09,926 shareholders were eligible to vote on the April 4, 2025 cut-off date.
The postal ballot formalises leadership continuity and succession at UNO Minda, including next-generation family members joining the board. Approval of ESOS-2025 could lead to modest future equity dilution (up to 5%) and signals management's intent to retain and incentivise talent across the group.