Crime Today News
In a significant move to consolidate operations and meet growing demand, Uno Minda Limited has announced the shifting of its 2W lighting manufacturing plants from Bahadurgarh and Sonipat to a new facility in Kharkhoda, Haryana. The decision was approved by the company’s Board of Directors during their meeting held on Wednesday, May 21, 2025.
The new manufacturing facility is designed to meet the continuous increase in demand from OEMs while improving operational efficiency by eliminating the efficiency loss associated with operating three separate plants. The consolidated facility is expected to commence operations from Q4, 2026-27.
In addition to the production shift, the Board approved several other strategic initiatives:
Fundraising Authorization
The Board has recommended seeking shareholder approval to raise funds up to ₹2,500 crores through various securities. The fundraising plan includes issuing foreign currency convertible bonds, convertible instruments/securities, secured or unsecured bonds, non-convertible debentures, and other permissible debt securities through public or private placement, including qualified institutions placement.
The funds will support the company’s growth strategy and augment long-term resources to meet funding requirements for business activities and general corporate purposes. The specific terms and conditions of the securities will be determined by the Board or its designated committee, subject to applicable provisions of the Companies Act, 2013 and SEBI regulations.
Senior Management Changes
The company announced immediate changes in persons designated as senior management due to organizational restructuring:
New additions to Senior Management:
- Anadi Sinha – Senior President, Head-Real Estate & Corporate Affairs
- Amit Gupta – Senior President, Business Head-2W Switch
- Anil Singh Makhloga – Senior President, Deputy CEO-ACS Domain
Removals from Senior Management:
- Â Vikas Jain – Domain Finance Head-LAS Domain
- Â Parna Ghosh – Chief Information Officer, Group IT
- Rajeev Aggarwal – Business Head-2W Lighting
- Sunil Kumar Shrivastava – Business Head-Acoustic & Speakers
Investment in EV Systems Subsidiary
Uno Minda has approved an investment of ₹20 crores in Redeemable Preference Shares of UnoMinda EV Systems Private Limited (UMEVS), a subsidiary of the company, further demonstrating its commitment to the electric vehicle sector.
This article first appeared on Autocar
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