UNO Minda Limited — Capital/Financing Update 2020

Apr 1, 2020

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Ref. No. Z-IV/R-39/D-2/174 & 207 Date : 01 April, 2020

National Stock Exchange of India Ltd. Listing Deptt., Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai - 400 051 NSE Scrip: MINDAIND

BSE Ltd.

Regd. Office: Floor - 25, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400 001. BSE Scrip: 532539

Sub:- Press Release

Dear Sirs,

Please find enclosed Press Release being issued today. This is for your information and for further dissemination.

Thanking you,

Yours faithfully, for MINDA INDUSTRIES LTD. Sd/Tarun Kumar Srivastava Company Secretary & Compliance Officer

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Press Release

Minda Industries Limited

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UNO MINDA further strengthens its partnership with Toyoda Gosei

Gurugram – April 01, 2020 –Board of Minda Industries Ltd. has approved an investment of Rs. 33.5 Cr. in TG Minda, a 49.9% Joint venture of UNOMINDA and Toyoda Gosei, Japan (TG). The proceeds of the investment will be used to consolidate the Business of TG in India by transferring the shares of Toyoda Gosei South India Ltd. (TG SIN) to TG Minda. TG SIN is a 95% subsidiary of TG. The transaction is subject to customary regulatory approvals, if any.

TG SIN reported a turnover of Rs 377 cr in FY 2019. It is engaged in business of interior and exterior plastic molded components for automotive application. The transaction is expected to be completed by September 2020. Consolidation of TG SIN will result in several synergies viz, optimal production system, flexible supply chain, complimentary product lines and customer synergies.

On the transaction Mr. N K Minda, Chairman & Managing Director, Minda Industries Ltd. Commented; “UNO MINDA Group is focused on maximizing its content/kit value across the vehicle segments and this is a step forward in this direction. We have strengthened our relationship with Toyoda Gosei further, with this investment. We are excited about our partnership with TG and continue to serve our customers with continued vigour.”

About Minda Industries Limited:

Minda Industries Limited (MIL) is a flagship Company of UNO MINDA Group. UNO MINDA, a technology leader in Auto Components Industry is a leading supplier of proprietary automotive solutions to OEMs as Tier-1. It manufactures automobile components for Original Equipment Manufacturers (OEMs). It is an INR 80 billion (US$ 1.14 billion) Group as in 2018-19 and is rapidly expanding with growing market share across all its product lines.

The Group is a global player in the automotive sector with overseas manufacturing facilities in Indonesia, Vietnam, Spain, Mexico, Morocco & Colombia as well as Design Offices in Taiwan, Japan & Spain. It has over 62 manufacturing plants globally and has JVs/Technical Agreements with world renowned manufactures from Japan, Italy and Taiwan. It endeavours to deliver high technology and quality products to its customers globally.

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Press Release

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Minda Industries Limited

For more information about the Group and its businesses, please visit website at http://www.unominda.com

	For further information please contact
	Investor QueriesTripurari Kumar, GM – FinanceMinda Industries LtdCIN No: L74899DL1992PLC050333Email id: tripurarik@mindagroup.com		Media QueriesDevika Gupta, Corporate CommunicationsMinda Industries LtdCIN No: L74899DL1992PLC050333Email id:dgupta@mindagroup.com

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