UNO Minda Limited — Capital/Financing Update 2021

May 22, 2021

==> picture [533 x 72] intentionally omitted <==

Ref. No: Z-IV/R-39/D-2/174 & 207 Date: 22 May, 2021

BSE Ltd. Regd. Office: Floor - 25, Phiroze Jeejeebhoy Towers, Dalal Street,Mumbai-400 001.	National Stock Exchange of India Ltd. Listing Deptt., Exchange Plaza, Bandra Kurla Complex, Bandra(E),Mumbai - 400 051.
BSE Scrip: 532539	NSE Scrip: MINDAIND

Sub: - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Outcome of the Board Meeting held on 22 May, 2021

Dear Sirs,

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the SEBI LODR”), we wish to inform that the Board of Directors of the Company at its meeting held today i.e. 22 May, 2021 has approved to make first tranche Investment in equity shares of CSE Dakshina Solar Private Limited, the Special Purpose Vehicle ('the SPV') Company.

Board approved the acquisition of 33,750 equity shares of CSE Dakshina Solar Private Limited ('the SPV') of the face value of Rs.10 (Rupees Ten) each at a premium of Rs.70 (Rupees Seventy) i.e. Rs.80 (Rupees Eighty) per share, aggregating to Rs. 27,00,000 (Rupees Twenty Seven Lacs). With the aforesaid acquisition of shares, the company holds 27.55% of total paid-up share capital of the SPV. The aforesaid acquisition of the shares is for availing solar power for its plant at Chennai in Tamil Nadu.

Pursuant to the Regulation 30 of SEBI (LODR} Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September, 2015, the requisite details against the aforesaid matter is attached as Annexure-I, to this letter.

You are requested to take the above information in your records.

The meeting commenced at 1:45 pm and concluded at 2:10 pm.

Thanking you,

Yours faithfully, For MINDA INDUSTRIES LTD. �PL.0Cl') t-o.v-ai Tarun Kumar Srivastava Company Secretary & Compliance Officer

Encl; As above.

CIN No: L74899DL1992PLC050333

==> picture [533 x 72] intentionally omitted <==

Annexure-I

Disclosure under sub-para (1) [i.e. Acquisition (including agreement to acquire)] of Para A of Part A of Schedule Ill to the Regulation 30 of SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015

S. No.	Details of events that need to be provided
a)	Name of the Target Company	CSE Dakshina Solar Private Limited
b)	Whether the Acquisition would fall within related party transaction(s) whether promoter/promoter group/ group companies have any interest in the entity being acquired? If yes nature of interest and details thereof and whether the same is done at “arm’s length”;	It is not a related party transaction.
c)	Industry to which the entity being acquired belongs;	Solar Power Generation
d)	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the Company);	CSE Dakshina Solar Private Limited (the SPV) is engaged in solar power generation. As a strategic investment, Minda Industries Ltd. will acquire in first tranche 27.55% stake in the SPV by acquiring 33,750 nos. of equity shares at price of Rs. 80/- per shares which includes face value of Rs. 10/- per share and premium of Rs. 70/- per share. This investment is for the Company to avail solar power from the SPV for its units situated at Tamil Nadu region.
e)	Brief details of any Governmental or regulatory approvals required for the acquisition;	N.A.
f)	Indicative time period for completion of the acquisition;	The first tranche investment will be done in one month. Further investment will be made as theprojectprogresses.
g)	Nature of consideration- whether cash consideration or share swap and details of the same;	Cash consideration
	�PL0C' t-v	Contd...P/2

CIN No: L74899DL1992PLC050333

-2-

==> picture [533 x 72] intentionally omitted <==

• h) Cost of acquisition or the price at which the Rs. 27 Lacs for acquisition of 33,750 equity shares are acquired; shares at price of Rs. 80/- per shares, which includes face value of Rs. 10/- per share and premium of Rs. 70/- per share.

• i) Percentage of shareholding/control 27.55% acquired and/or number of shares acquired;

• j) Brief background about the entity in terms CSE Dakshina Solar Private Limited of products/line of business acquired, date engaged in the business of providing solar of incorporation, history of last 3 years power solutions for captive consumption of turnover, country in which the acquired commercial and industrial customers in entity has presence and any other India. significant information (in brief);

CSE Dakshina Solar Private Limited is engaged in the business of providing solar power solutions for captive consumption of commercial and industrial customers in India.

Date of Incorporation: 28 February, 2019.

Turnover of last 3 years: The Company is in the process of setting up the project. There is no revenue from operations.

�PL.0Cl') t-o.v-ai

==> picture [59 x 51] intentionally omitted <==

CIN No: L74899DL1992PLC050333