UNO Minda Limited — Capital/Financing Update 2021

Feb 4, 2021

Ref. No. Z-IV/R-39/D-2/174 & 207 Date: 04 February, 2021

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

Sub: - Monitoring Agency Report for the quarter ended 31 December, 2020.

Dear Sir(s),

Pursuant to Regulation 32 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 read with Regulation 82( 4) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, we are enclosing herewith Monitoring Agency Report dated 1 February, 2021 issued by Axis Bank Limited, Monitoring Agency, for the quarter ended 31 December, 2020 w.r.t. utilisation of proceeds of the Right Issue.

Further, we confirm that there has been no deviation in utilisation of Right Issue proceeds from the objects as stated in the Letter of Offer dated 11 August, 2020.

It is for your information and records please.

Thanking you.

Yours faithfully, For MINDA INDUSTRIES LTD. �C'P.,.,R �0°"J1ct_� i Kumar Srivastava Q Company Secretary & Compliance

Encl: As above.

MINDA INDUSTRIES LTD. (Corporate) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, - Haryana _ 122004, INDIA. T: +91 124 2290427/28, 2290693/94/96 Fax: +91 124 2290676/95, Email - info@mindagroup.com, www.unominda.com, Regd. Office : B-64/1, Wazirpur Industrial Area, Delhi-110052, CIN : L7 4899DL l 992PLC050333

Report of the Monitoring Agency

Name of the Issuer: Minda Industries Limited

For quarter ended: December 31, 2020

AXIS BANK

Name of the Monitoring Agency: Axis Bank Limited

(a) Deviation from the objects: No deviation is observed in the utilisation of Right issue proceeds

(b) Range of Deviation*: Not applicable

Declaration:

3/CO/2020-21/125

We declare that this report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018, We further declare that this report provides a true and fair view of the utilization of the issue proceeds.

We declare that we do not have any direct/indirect interest in or relationship with the issuer/promoters/ directors/management and also confirm that we do not perceive any conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer.

$BANK$ Signature:

Name and designation of the Authorized Signatory: Subhash Jha, Designation of Authorized person/Signing Authority: Assistant General Manager Subsequent Pages:

Issuer Details: $\overline{1}$

Name of the issuer: Minda Industries Limited The names of the promoters of the issuer: Mr. N K Minda Industry/sector to which it belongs: Auto Ancillaries

$\overline{2}$ ) Issue Details:

Issue Period: $25$ th August 2020 to $8$ th September 2020Type of issue (public/rights): Rights IssueType of specified securities: Equity SharesGrading: Not Applicable: Not Applicable Issue size (Rs. in crores): Rs. 2,42,79,34,750.00

$\overline{3)}$ Details of the arrangement made to ensure the monitoring of issue proceeds:

(Give item by item description for all the objects stated in offer document separately in following format)

Particulars	Reply	Comments of MonitoringAgency	Comments ofBoard ofDirectors
Whether all the utilzation is as per disclosurein Offer Document?	Yes/No	Yes
Whether Shareholder approval is obtained in caseof material deviations $\frac{H}{f}$ from expendituresdisclosed in Offer Document?	Yes/No	No deviations
Whether means of finance for disclosedobjects of the Issue has changed?	Yes/No	No
Any major deviation observed over the earliermonitoring agency reports?	Yes/No	Not Applicable
Whether all Government / Statutory approvalsrelated to the object(s) obtained?	Yes/No	Not Applicable
Whether all arrangements pertaining10technical assistance/collaboration in operation?	Yes/No	Not Applicable
Any favorable events improving object(s) viability	Yes/No	Not Applicable
Any unfavorable events affecting object(s)viability	Yes/N 0	Not Applicable
Any other relevant information that maymaterially affect the decision making of theinvestors	Yes/N 0	Not Applicable

$#$ Where material deviation may be defined to mean:

a) Deviation in the objects or purposes for which the funds have been raised

b) Deviation in the amount of fund actually utilized by more than 10% of the amount projected in the offer documents.

$\overline{4)}$ Details of object(s)s to be monitored:

$(i)$ Cost of object(s) -

(Give Item by Item Description for all the Objects Stated in Offer Document separately in following format)

						(Rs. in Cr.)
	Original Cost asper offer	RevisedCost	Commentsof the
			g Agency	Reason ofcostdeviation	Proposedfinancingoptions	Particulars of firmarrangement made
Repayment +pre-payment ofdebt	154.00	$\overline{Nil}$	$\overline{\text{NIL}}$
Investment	33.46	$\overline{Nil}$	$\overline{\text{NIL}}$
GeneralCorporatePurposes	52.92	$\overline{Nil}$	NIL
Issue Expenses	2.41	NIL	$\overline{\text{NIL}}$
TotalTotal	242.79
	Item Head	document		Monitorin		Comments of Board of Directors

Progress in the object(s)-

(Give Item by Item Description for all the Objects Stated in Offer Document separately in the following format)

$(Rs. in Cr.)$

		Amount asproposedin Offer		Amount utilized				Comments of Boardof Directors
SI.N 0	Item.Head	Documen	As atof thequarter	beginning During thequarter	At the endof thequarter	TotalunutilizedAmount	Comments ofMonitoring Agency	Reaso-ofnidlefunds	Propose₫CourseοſAction
Н.	Repayment $+$pre-paymentof debt	154.00	50.00	104.00	154.00	0.00
12.	Investmentcapitalrequirements	33.46	33.46	0.00	33.46	0.00
	GeneralCorporate	52.92	50.00	2.92	52.92	0.00

Purposes
2.080.000.332.412.41IssueExpenses
Total133.79109.00242.790.00$242.79$

(iii) Deployment of unutilized IPO proceeds- Not applicable

S. No	Type of instrumentwhere amountinvested*	Amountinvested(Rs. incrores)	Maturity Date	Earnings(Rs. incrores)	Investment$(ROI%)$	- Market Value -as at the end ofquarter**(Rs. in crores)

Provide following details under Item Head: (a) Name of the object(s):(b) Brief description of the object(s):(c) Location of the object(s) (ifapplicable):

(iii) Deployment of unutilized IPO proceeds- Not applicable

S. No	Type of instrumentwhere amountinvested*	Amountinvested$(Rs.$ incrores)	Maturity Date	Earnings(Rs. incrores)	Investment(ROI%)	Market Valueas at the end ofquarter**(Rs. in crores)

$\overline{1}$

$(iv)$ Delay in implementation of the object(s)- nil

Object(s) Name	Completion date
	As per the offer document	Actual	Delay no.of days/month	Comments of the board ofdirectorsReason for Delay/Proposedcourse of action