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UNO Minda Limited — Capital/Financing Update 2018
Sep 25, 2018
61248_rns_2018-09-25_75340d1d-1203-4249-90e2-2c2bcfe137a1.pdf
Capital/Financing Update
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Minda Industries Ltd.
Corporate Office
UNO !mmIJ
THINK. INSPIRE. FLOURISH
Ref.No: Z-IV /R-39/D-2/174 & 207 Date : 25/09/2018 National Stock Exchange of India Ltd. BSE Ltd. Listing Deptt., Exchange Plaza, Regd. Office: Floor - 25, BandraKurla Complex, Bandra (E), PhirozeJeejeebhoy Towers, Mumbai - 400 051. Dalal Street, Mumbai-400 001.
Sub: (1) Disclosure under Reglation 30 of SEBI (LODR) Reglations. 2015 - (2) Outcome of the Board Meeting 25 September. 2018
Dear Sirs,
We wish to inform that the Board of Directors of the company in their meeting held today i.e. 25 September, 2018, has also approved the following: -
Setting up a 2 Wheeler Alloy Wbeel Plant.
Board approved the investment for setting up a new manufacturing plant of 2 Wheeler Alloy Wheel in Maharashtra, for supplies to OEMs.
The outlay of the Project is approved for Rs. 500 Crore, which will be completed in two phases. In the first phase, Rs. 300 Crore will be undertaken within two years and thereafter the second phase will be undertaken. The start of production is expected from November, 2019.
Pursuant to the Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Circular # CIR/CFD/CMD/4/2015 dated 9 September, 2015, the requisite details against the aforesaid matter is attached as Annexure-I, to this letter.
This is for your information and records please.
Thanking you,
Yours faithfully, For MINDA INDUSTRIES LTD. c:%�va_� tv_ v Q
Tarun Kumar Srivastava Company Secretary & Compliance Officer
Encl: As above.
MINDA INDUSTRIES LTD. (Corporate Office) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, Haryana - 122004, INDIA. Tel.: +91 124 2290427/28, 2290693/94/96 Fax: +91 124 2290676/95, Email - [email protected],w .unominda.com Regd. Office : B-64/1, Wazirpur Industrial Area, Delhi-110052, CIN : L74899DL 1992PLC050333
Corporate Office
Minda Industries Ltd.
UNO mmlJ
THINK. INSPIRE. FLOURISH
Annexure-I
MINDA INDUSTRIES LTD.
Setting up a Project for 2W Alloy Wheel
| Setting | up a Project for 2W Alloy Wheel | up a Project for 2W Alloy Wheel |
|---|---|---|
| S. No. | Details of events that need to be provided | |
| a) | Name of the Product | 2 Wheeler Alloy Wheel |
| b) | SOP | November, 2019. |
| c) | Category of the Product | Automotive Components |
| d) | Whether caters to domestic/ internationalDomesticmarket | |
| e) | Cost of the project/ investment required | Rs. 500 Crore in two phases. |
| f | Mode of financing | Mix of internal accrualsand debt |
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MINDA INDUSTRIES LTD. (Corporate Office) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, Haryana - 122004, INDIA. Tel.: +91 124 2290427/28, 2290693/94/96 Fax: +91 124 2290676/95, Email- [email protected],w .unominda.com Regd. Office: B-64/1, Wazirpur Industrial Area, Delhi-110052, CIN: L74899DL1992PLC050333