Shares of Uno Minda Ltd soared 4% on 20 December after the company announced receiving approval from the National Company Law Tribunal (NCLT) to merge Kosei Minda Aluminum Company, Kosei Minda Mould, and Minda Kosei Aluminum Wheel with Uno Minda.

In its regulatory filing, the company said, “We wish to inform you that the Scheme of Amalgamation amongst Kosei Minda Aluminum Company Private Limited (“Transferor Company I”), Kosei Minda Mould Private Limited (“Transferor Company 2”), Minda Kosei Aluminum Wheel Private Limited (“Transferor Company 3”) with Uno Minda Limited (Formerly known as Minda Industries Ltd.) (“Transferee Company”) and their respective shareholders and creditors, have been sanctioned by the Hon’ble National Company Law Tribunal, Court VI, New Delhi (‘NCLT’) vide its Order dated 18 December, 2024.” 

It further stated that the certified copy of the NCLT Delhi order is currently pending and will be sent to the relevant company registrar within the allotted time frame.

The business has started producing commercially at its 4W Lighting Plant in Khed, Pune, Maharashtra.

Located in Gurugram, India, and founded in 1958, Uno Minda is a renowned global manufacturer of auto parts. For the two-, three-, and four-wheeler markets, it provides products such as switches, lighting systems, horns, seating systems, sensors, and EV components.

With operations in countries including Indonesia, Spain, and Japan, the company is renowned for its innovative approach and focus on research and development. In order to satisfy leading OEMs worldwide, UNO MINDA continuously invests in cutting-edge technology and integrates eco-friendly practices into its business operations as part of its commitment to sustainability.

At 11:34 am, the shares of Uno Minda were trading 2.61% higher at Rs 1,073.75 on NSE.

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