Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 24/05/2022

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

Sub:-Outcome of the Board Meeting

1. Audited Financial Results (Standalone & Consolidated) for the Quarter and Year ended 31 March 2022
1. Recommendation of final dividend on equity and preference shares
1. Issue of Bonus Shares
1. Raising of funds through issue of Debt Securities upto Rs.1000 Crores in one or more tranches.
1. Approval for change of name of the Company from Minda Industries Limited to UNO Minda Limited and
- i) Alteration in the Memorandum of Association of the Company.
- ii) Adoption of amended· and restated Articles of Association of the Company.
1. Amendment to UNO Minda Employees Stock Option Scheme 2019
1. Postal Ballot Notice.
1. Investment in equity shares of Takai Rika Minda India Private Limited, Joint Venture Company.
1. Record dr1te for Dividend and Bonus issue
1. The draft Scheme of Arrangement among Harita Fehrer Limited ('Transferor Company'), Minda Storage Batteries Private Limited ('Demerged company'), wholly owned subsidiaries of the Company and Minda Industries Limited ('Transferee Company'/'Resulting Company') and their respective Shareholders and Creditors
1. Detailed Project Reports (DPR) of
- i) Minda Industries Vietnam Co. Ltd., step down subsidiary of the company for its expansion in Hanoi plant at Vietnam.
- ii) Mindarika Private Limited, subsidiary of the company for its expansion in the Chennai plant

Dear Sir(s),

We wish to inform that at meeting of the Board of Directors of the Company held today i.e. Tuesday, 24 May, 2022, the following matters were approved by the Board unanimously: -

1) Audited Financial Results (Standalone & Consolidated) for the quarter and year ended on 31 March, 2022.

Contd ... P/2

MINDA INDUSTRIES LTD. (Corporate) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, Haryana - 12200-4, INDIA. T: +91 12-4 2290-427/28, 2290693/9-4/96 Fax: +91 12-4 2290676/95, Email - [email protected], www.unominda.com, Regd. Office : B-6-4/1, Wazirpur Industrial Area, Delhi-110052, CIN.: L7 -4899DL l 992PLC050333

2} Final dividend of Rs. 1/- per equity share on the face value of Rs. 2/- each i.e. 50% to the equity shareholders for the year ended on 31 March, 2022, subject to the approval of the shareholders at the Annual General Meeting. The Interim dividend of Rs. 0.50 per share on the face value of Rs. 2/- each i.e. 25% was paid to the equity shareholders during the quarter ended on 31 March, 2022, therefore the total dividend for the Financial Year ended on 31 March, 2022 aggregates to Rs. 1.50 per equity share of Rs. 2/- each i.e. 75%. and Rs. 0.01 per 0.01% non-convertible redeemable preference shares of the company.

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the following statements, duly approved/signed (Annexure I}: -

a) Audited Standalone Financial Results for the quarter and year ended on 31 March 2022.
b) Auditors' Report on the Audited Standalone Financial Results for the quarter and year ended on 31 March, 2022.
c) Audited Consolidated Financial Results for the quarter and year ended on 31 March 2022.
d) Auditors' Report on the Audited Consolidated Financial Results for the quarter and year ended on 31 March, 2022.
e) Declaration for unmodified opinion in terms of Regulation 33(3)(d) as amended by SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2016 for both Audited Standalone and Consolidated Financial Results for the Quarter and Year ended on 31 March, 2022.

3) Issue of Bonus Shares

Board discussed, approved and recommended the issue of Bonus Shares to the shareholders of the company in the ratio of 1 (one) Bonus equity share of Rs. 2 each fully paid up for every 1 (one) existing equity share of Rs. 2 each fully paid up (in the ratio of 1:1) held by the shareholders as on the "Record Date", subject to the shareholders and other regulatory approval, as may be required in this regard.

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-11, to this letter

4) Raising of funds through issue of Debt Securities upto Rs.1000 Crores in one or more tranches

Board considered the proposal for fund raising upto Rs. 1000 Crores through secured or: unsecured Bonds/Non-Convertible Debentures (NCDs)/other permissible Debt Securities, on private placement basis, in one or more tranches, during a period of one year from the date of passing of Special Resolution by shareholders for company's growth strategy and to augment the long term resources of the company for meeting funding requirements of its business activities and general corporate and other purposes.

Board gave its approval to seek shareholders' approval, to issue the debt securities, including but not limited to Bonds and Non-Convertible Debentures (NCDs) upto Rs. 1000 Crores, on a private placement basis in one or more tranches in domestic and/or overseas market from eligible investors on such terms and conditions as may be determined / considered appropriate by the Board or any committee thereof, as per the applicable provisions of the Companies Act, 2013 and SEBI Regulations.

5) Approval for change of name of the company from Minda Industries Limited to UNO Minda Limited

The Ministry of Corporate Affairs, Office of the Registrar of Companies, Central Registration Centre, Govt. of India vide its letter dated May 19, 2022, has issued name reservation certificate stating that there is no objection in the availability of the changed name UNO Minda Limited from the existing name Minda Industries Limited.

The Board is of the opinion that the Company's entire sales are under the Trade Mark "UNO Minda" and the Company is largely known, well established and reputed as "UNO Minda" in auto components industries across the globe as such adopting the company name UNO Minda will have the following benefits: -

✓ Ensure uniformity and consistency
✓ Helps in unique and distinctive brand identity
✓ Don't have to investment in two brands. Gradually can be implemented across other legal entities
✓ Increases association amongst internal stakeholder
✓ The Company has created UNO Minda brand for its products for OEMs as well as aftermarket. Unifying product and legal entity brand will further strengthen the brand.

The Board approved the change of the name of the Company from "Minda Industries Limited" to "UNO Minda Limited" subject to shareholders, all necessary and regulatory and statutory approvals.

The proposed change of name of the company would not result in change of the legal status or constitution or· operations or activities of the company, nor would it affect any rights or obligations of the company or the members / stakeholders and would be subject to approval of Ministry of Corporate Affairs.

Consequent upon change of name of the Company, the alteration in the memorandum of association of the company and adoption of amended and restated articles of association of the company are required to be approved by obtaining approval of the shareholders by way of special resolution. The existing Memorandum of Association ("MoA") of the Company and Articles of Association ("AoA") of the Company are as per the erstwhile Companies Act, 1956 and contain reference to the provisions of erstwhile Companies Act, 1956 which have been amended in the Companies Act, 2013 under the new provisions. It is proposed to seek shareholders consent to amend the MoA and AoA with the provisions of the Companies Act, 2013 to bring them in line with the reference of the prevailing sections.

6} Amendment to UNO Minda Employees Stock Option Scheme 2019

Minda Industries Ltd. ("Company" adopted the UNO Minda Stock Option Scheme 2019, which is being implemented by the Company.

SEBI, vide its notification dated August 13, 2021 amended and merged the SEBI (Share Based Employee Benefits) Regulations, 2014 and SEBI {Issue of Sweat Equity) Regulations, 2002 into a single regulation called SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

As per this amended Regulations, the definition of employees also covered the employees of the group companies including the associate companies & subsidiaries companies and removed the word permanent from the nature of employee. In the existing scheme, the employees of the associate group companies not included.

In view of the above notification, Board proposed to amend inter alia the existing definition of "employees" and other relevant changes to align with the new changes in Regulations in the aforesaid Scheme and to seek shareholders' approval and other regulatory and statutory authorities.

7} Postal Ballot Approval

The Postal Ballot Notice, as approved by the Board, is to be sent to the shareholders of the company for the following matters, as per the activities schedule: -

1. Regularisation of appointment of Mr. Rajiv Batra (DIN: 00082866) as an Independent Director of the Company
1. Regularisation of appointment of Mr. Satish Balkrishna Borwankar {DIN: 01793948) as an Independent Director of the Company
1. To approve the issue of Bonus Shares
1. Amendment to UNO Minda Employee Stock Option Scheme, 2019
1. To approve the raising of funds of upto Rupees 1000 Crores through issue of Debt Securities in one or more tranches
1. To consider and approve the change in name of the Company
1. Alteration in the Memorandum of Association of the Company
1. Adoption of amended and restated Articles of Association of the Company

8) Investment in equity shares of Tokai Rika Minda India Private Limited. Joint Venture Company.

Board approved to invest in the equity shares of Tokai Rika Minda India Private Limited (Tokai Rika Minda) under right issue, aggregating to Rs. 25 Crores (Rupees Twenty Five Crores ).

Tokai Rika Minda is a Joint Venture between Tokai Rika Co., Ltd, Japan ("TRJ") and Minda Industries Ltd. ("MIL") in which TRJ holds Seventy percent (70%) equity shares and MIL holds Thirty percent (30%) of equity shares of the said company, engaged in the manufacturing of safety and security systems, electronic components and automotive switches.

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-111, to this letter. •rr ... ',"':__,.. ..... �-

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9) Record date for Final Dividend and Bonus issue

In compliance of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that the Record Date has been fixed as June 10, 2022, for the purpose of:

a. taking the record of eligible shareholders/beneficial owners for payment of final equity dividend as may be approved by the shareholders at the ensuing 30th annual general meeting of the company;
b. taking the record of eligible shareholders/beneficial owners for payment of dividend on preference shares; and
c. determining the eligibility of shareholders/beneficial owners, who shall be entitled to receive the Bonus shares, as may be, approved by the shareholders through the process of Postal Ballot.

10) Draft Scheme of Arrangement of two wholly owned subsidiary companies with the Company

Board discussed and approved the draft Scheme of Arrangement of Harita Fehrer Limited ('Wholly Owned Subsidiary/Transferor Company') and Minda Storage Batteries Private Limited ('Wholly Owned Subsidiary/Demerged Company'), with Minda Industries Limited ('Holding Company/Transferee Company') and their respective shareholders and creditors.

The proposed composite scheme entails demerger of domestic business of Minda Storage Batteries Private Limited and vesting into Minda Industries Limited and merger of Harita Fehrer Limited into Minda Industries Limited.

The aforesaid Draft Scheme of Arrangement is subject to necessary Statutory and Regulatory approvals including the approval of the Jurisdictional National Company Law Tribunals, respective Shareholders and Creditors.

11) Board reviewed and approved the following Detailed Project Report(s):-

a) Minda Industries Vietnam Company Limited (MIVCL), Step Down Subsidiary of the Company for manufacturing of lighting products in its plant situated at Hanoi, Vietnam.

Minda Industries Vietnam Company Limited (MIVCL) is the step down subsidiary of the Company.

The proposal to start manufacturing of lighting products by MIVCL in its plant situated at Hanoi, Vietnam was placed before the Board. Board reviewed and approved to start manufacturing facility for lighting products there to meet out the customers' requirements. The total project cost of this project is Rs. 36.80 crores. The project is expected to be commissioned by December, 2022.

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Pursuant to the Regulation 30 of SEBI (LODR), read with SEBI Circular # CIR/CFD/CMD/4/2015 dated 9 September, 2015, the requisite details against the aforesaid matter(s) are attached as Annexure-V to this letter.

b) Mindarika Private Limited, Subsidiary of the Company for its expansion in the Chennai Plant.

Mindarika Private Limited (MRPL) is a subsidiary of the Company, engaged in the manufacturing of 4W switches.

Board reviewed and approved the proposal of its expansion in its Chennai plant due to new business in southern region. The total project cost approved is Rs. 72.89 crores. The commercial production is expected to start from January 2023.

Pursuant to the Regulation 30 of SEBI (LODR), read with SEBI Circular# CIR/CFD/CMD/4/2015 dated 9 September, 2015, the requisite details against the aforesaid matter(s) are attached as Annexure-VI to this letter.

The meeting commenced at 12.00 noon and concluded at 3.50 p.m.

These aforesaid results are also being made available on the website of the company at www.unominda.com

It is for your information and records please.

Thanking you.

Encl: as above.

MINDA INDUSTRIES LIMITED

REGD. OFFICE : B-64/1, WAZIRPUR INDUSTRIAL AREA, DELHI-110052PH: 011-2737.1444, 0124-2290427 Fax: 0124-2290676CIN: L74899DL1992PLC050333 Website: www.unominda.com

STATEMENT OF STANDALONE AUDITED ASSETS AND LIABILITIES AS AT MARCH 31, 2022

Particulars	As at 31 March 2022(Audlied)	(Evin Corea)As at 31 March 2021(Audited)
ASSETS
Nun-current assets
Property, plant and equipment	1,05133	1,031 78
Right-of-usb assets	104 60	9148
Capital work in progress	93.40	59.77
Investment Properties
Goodwill	31.39	31.39
Other Intangible assets	129 36	110.16
Intangible assets under development	DIB	20 83
Financial assets	ä.
(i) Investment in subsidiaries, associates and joint ventures	1,194 10	1,13193
(ii) Other bank balances	061	046
(iii) Other financial assets	1695	19 92
	14 57	1878
Other non-current assets
Non-current tax assets	25 39	20 64
Total non-current assets	2.665.38	1.537.14
Current assets
Inventories	47200	369 87
Financial assets
(i) Investments	10.00
(ii) Trade receivables	877.98	685.32
(iii) Cash and cash equivalents	56 42	74 31
(iv) Bank balances other than (iii) above	641	5 16
(vi) Other financial assets	29.78	11.79
Other current assets	13836	11891
Total current assets	1,590,95	1,265.36
Total assets	4.256.33	3,802.50
EQUITY AND LIAUTLITIES
Equity
Equity share capital	5712	54 39
Other equity	2.59898	1.593 46
Thist equity	2,656.10	1,647.85
Linkilities
Non-corrent liablities
Unancial liabilities
(i) Borrowings	82 89	292 46
(ii) Lease liabilitics	34 13	1694
(iii) Other financial liabilities		8 04
Provisions	54.89	n745
Deferred tax habilities (net)	29.52	1787
Total non-current liabilities	201.43	402.76
Current liabilities
Contract Itabilities	80 84	31,01
Financial liabilities
(i) Borrowings	255 77	355 36
(ii) Lense liabilities	4 33	662
(iii) Trade payables
(a) total outstanding dues of intere entriprises and small enterprises	120 96	142 38
(b) total out tamling due of creditors uther than miero and small enterprises	74737	63791
(iv) Other (ingitate) Indiffices	0.145	504 94
Current tax liabilities	16 08	×.
Other current liabilities	1986	53 10
Provisions	0!11	20.57
Taint current liabilities	1.398.80	1.751.89
Total Liabilities	1,600.23	2.154.65

Total Equity and Liabilities	$-1.256.33$	3.807.50

S.R. Batlibol & Co. LLP, New Delhi

lor identification

MINDA INDUSTRIES LIMITEDREGN. OFFICE : B-64/I, WAZIRPUB INDUSTRIAL AREA, DELHI-110052PH: 011- 2737444, 0124- 2230427 Fas: 0124- 2290676CIN: 1.74899D1.1992PI C050333Webrite: www.gromiada.com

STATEMENT OF AUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2022

			Ouarter ended		[Re in Cence case pl ger shore, data)Vear ended
	PARTICULARS	$31-Mar.22$	$31-Dee-21$	$31-Mar-21$	31-Mar-22	$31 - M = -21$
		(Andited).	Gellusanll	(Audited)	Chatifou A)	(Audited)
1 income
(31)	Revenue from operations	1104011	1,334.70	1.30611	1.05971	3.700 64
$(\cup)$	Othar litcoine	14, 24	2001	416	79.92	34 62
	Total income	1.455.01	1.354.51	1,310.27	5.059.65	3,755,26
	2 Expenses
(u)	Cost of raw materials and commonents consumed	663.21	749 63	733 65	2.63934	1,994,40
(b)	Purchases of stock-in trade	274 48	17603	12110	685 52	16547
(c)	Changes in inventories of fintshed goods, stock-in trade and work-in-progress	29.62	(2371)	485	$(20-4)$	(38 S1)
(d)	Employee benefits expense	169.42	15735	153 40	633 47	484 05
(e)	Finance cost	619	5 7 B	700	3394	38.53
(f)	Depreciation and amortisation expense	5570	44.44	5176	190.52	17785
(y)	Other expenses	153.42	158 06	14771	59001	456 03
	Total capenses	1,352.04	1,267.58	1,219.47	4,752.39	3,577.82
	3 Profit/(lass) before exceptional items and tax (1-2)	102.97	86,93	90.80	287.26	177.44
4	Exceptional irons (Refer note $)	(2498)	٠	(1000)	(2498)	(1000)
	5 Profit/(Loss) before taxes (3+4)	77.99	86.93	80.80	262.28	157.44
	6 Income tax oxpense
	a) Current Tax	35 41	1154	16 B9	6772	3173
	b) Deferred Tax (credit)/charge	(1390)	963	762	(147)	1673
	Total tax expense	20.51	21.17	24.51	66.25	48.46
	7 Net profit /(loss) for the period (5-6)	57.48	65.76	56.29	196.03	118.98
	8 Other comprehensive income (loss) for the periodlicins that will not be reclassified to profit and loss in subsequent period.
	(i) Remeaturement gain/ (loss) on defined benefit obligation	218	(114)	1067	(123)	395
	(ii) Income-me relating to items that will not be reclassified to profit and loss in	[076]	$0 + 0$	(368)	0.43	(1, 29)
	subsequent period
	Other comprehensive income/(loss), net of tax	1.42	(0, 7.4)	6,99	(0.80)	2.66
	9 Tutal comprehensive income/(loss) for the period (7+8)	58.90	65.02	63,28	195.23	121.64
	10 Poid up equity share capital (Face volue Rs. 1 per share).				57.11	54.39
	11 Other Equity (excluding revaluation reserve shown at Balance sheet).				2,598.93	1,593,46
	12 Earnings per alure (Face value Rs. 2 each) (not annualised).
	al Basic (in Rs 1	204	242	207	6.97	445
	b) Diluted (in Rs I	101	741	98	6.96	4.27

S.R. Batlibol & Co. LLP, New Delhi

tor (dentification

Minda Indostries LimrtedStanialoos Cash Flow Statement for the vear evded 31 March 2022(All amounts in Iodian & croces, unices otherwise stoted)CIN:- L74899DL1992PLCR30333

	For the year coded31-Mar-22	For the year coiled31-Mar-21






		EK.Sui
























		(104.17)

		(222.84)


		21.5

		$D\bar{\xi}$ , $E$
		(258.61)


		235.31


		($2.00)
		TH 9.1
		1177 GJA

		(60, 105)
		(2.1B)
		15.493
		(9.53)
		51.33

		(50.96)
		125 27

Cash and cash equivalents at the end of the year	56,42	74.31

1 The above Cash flore statement has been prepared ander the "hedreet Method" as set out re findent Accounting Standard-7, "Statement of Cash Flows"2 Components of each and each equivalents

Cash and each equivalents
Balances with hanks.	35.50	til fax
In admiral / cash credit accounts	(17)	12.35
Deposits with a proposal manarity of less than three mandis-	41.42	(1.1)
Cash on hond	36.42	74.31
Cash and eash canivalents at the end of the year

$\sim$

S.R. Batlibol & Co. I.LP, New Delhi

ú.

for Identification

Notes on audited standalone financial results:

1. These standalone financial results of the Company have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standard) rules, 2015 and including regrouping in previous period in line with Schedule III (Division II) to the Companies Act 2013 and relevant amendments thereafter.
1. The above audited standalone financial results for the quatter and year ended March 31, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 24 May 2022. These results have been audited by the statutory auditors of the Company under regulation 33 of the Securities and Exchange Board· of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors have expressed an unmodified report on the above results.
1. During the qua1ter, the Company has:
- a. Additional investment of Rs.1.79 crores in YA Auto Industries, a pattnership firm resulting in increase in holding from 5 I% to 87.50%.
- b. Additional investment of Rs.3.63 crores in Auto Components, a partnership firm resulting in increase in holding f rom 48.90% stake to 95.00%.
- c. Additional investment of Rs.61.20 crores in Minda Kosei Aluminum Wheel Private Limited, a partnership finn resulting in increase in holding from 70% stake to 77.35%.
- d. Acquired 87.50% stake in Samaira Engineering, a partnership firm by making an investment of Rs. 8.88 crores.
- e. Acquired 87.50% stake in S M Auto Industries, a pa1tnership firm by making an investment of Rs. 3.21 crores.
- f. Merger of one of the subsidiary company, namely, !SYS RTS GmbH with one of the step down subsidiary company Uno Minda Europe GmbH (formerly known as 'Minda Delvis GmbH')
1. The Company is engaged in the business of manufacturing of auto components including auto electrical pa11s and its accessories and ancillary services. Accordingly, there is no separate reportable segment as per Ind AS I 08 - Operating Segments.
S) Exceptional items for the year ended March 31, 2022 and March 3 I, 2021 represents impairment of investments in associate / joint venture companies amounting to Rs.24.98 crores and Rs. IO crores respectively.
1. The Board of directors of the Company in its meeting held on 6 February 2020, accorded its consent for the scheme of amalgamation of Minda I Connect Private Limited (Transferor Company) with Minda Industries Limited (Transferee Company) subject to necessary approvals of shareholders, Creditors and other approvals and sanctions by the National Company Law Tribunal (NCLT), New Delhi. The requisite accounting will be done post receipt ofNCLT approval.
1. The Compa11y has rnadl' an assessment of the impact of the continuing COVID-19 pandemic on its current and future operations, liquidity pusition. and cash now giving due consideration to internal and external factors. The Company is continuously monitoring the situation and does not foresee any significant impact on its operations and financial position as at March 31, 2022. The Company will continue lo closely observe the evolving scenario.
1. The Board of directors at their meeting held today has considered and recommended :
- a. a final dividend of Rs. I per equity share (nominal value of Rs. 2 per share) for the financial year ended March 31, 2022. Final dividend is subject to approval of shareholders.
- b. a dividend of Rs, 0.0 I per 0.0 I% non-convertible redeemable preference share (nominal value of Rs.100 per share) for the financial year ended March 31, 2022.
- c. Bonus issue of 1 (One) equity share of Rs.2 each for every I (One) equity shares of Rs.2 each held by shareholders of the Company on the record date.
1. The Statement includes the results for the quarter ended March 31, 2022 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2022 and the published unaudited year-to-date figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For and on behalf of the Board of M;nd•

�p;µ ./

Place: Gurugram, Haryana Date: 24 May 2022

(NIRMAL K. MINDA) Chairman & Managing Director

S.R. Batllbnl & Co. LLP, New Delhi tor ldentl(icatlor

S.R. BATUB01 & Co. LLP

Chartered Accountants

4th Floor, Office 405 World Marl< - 2, Asset No. 8 IGI Airport Hospitality District, Aerocity New Delhi· 110 037. lr.dia Tel ; +91 11 4681 9500

lndcpcmh:nt Auditor's Report on the Quarterly and Y car to Date Audited Standalone Finan1cial Results of the Company Pursuant to the Reg1J1lation 33 of the srWI (I ,isting Obligations and Disclosur.i Requirements) !Regulations, 2015, as amended

To The Board of Directors of Minda industries Limited

Report on the audit oft.he Standalone Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date standalone (inancial results of Mindo Industries Limited (the ''Company") for the quarter ended March 31, 2022 and for the year ended March 31, 2022 (''Statement"), attached herewith. being subrn itted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the ··Listing Regulations").

In our opinion and to the best of our info1mation and according to the explanations given to us, the Statement:

i. is presented in accordance with the requirements of the Listing Regulations in this regard; and
1. gives a true and fair view in conformity with the applicable ac<.:ounting standnrds and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financiaJ information of the Company for the quarter ended March 31, 2022 and for the year ended March 31, 2022.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified undtir section 143(10) of the Companies Act, 20 13, as amended ("the Act"). Our rcsponsibi Ii ties under those Standards are funher described in the" Auditor's Responsibilities for the Audit of the Standalone Financial Results" section of ourr eport. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Standalone Financial Results

The Statement has been prepared on the basis of tl1e standalone annual financial statements. The Board of Directors of the Company are responsible for the preparation and presentation of the Statement that gives a true mid lair view of the net profit and other comprehe,rsive income of the Company and other financial information in accordance wilh the applicable accounting standards prescribed under Section 133 of the Act read with relevant rliles issued thereunder ::md other accounting principles generally accepted in India and in compliance with Regulntion 33 or the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in acc.ord,m<.:e with the provisions of the Act for safeguarding of the asset's of the Company and for preventing and detecting f r auds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimntcs that are reasonable and prudent; and the design. implcrm:ntation and maintenance of adequate internal financial controls, chat were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparntion w,d presentation of the Statement that give a true and Fair view and ore li·ee f rom material misstatement, whelher due co fraud or imor.

In preparing the Statement. the Board of Directors arc responsible for assessing the Company's ability to continue as a going concern, disclosing. as applicable, maliers related lo going concern and us· ' · , nccrn bflsis or a<.:counting unlcs5 the Board or Directors either in lends lo liquidate the Company QIIJIQ�� · ns, or has no realistic alternative but to do so.

The no.ml or Directors arc also responsible for overseeing tht: Company"s financial

I'flJ.BOi 8. C

The Board of Directors are also responsible for overseeing the Company's financial reporting process.

Auditor's Respon�ibi!ities for the Audit of the Standalone Financial Results

Our objectives arc to obtain reasonable assurance about whether the Statement as a whole is f r ee from material misstatement, whether due to f r aud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise f r om fraud or e1TOr and are considered material if, individually or in the aggregate, they could reasonably be expected to innuelll.:e the economie'. rledsions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise prolessional judgment and rnain1r1in professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the Statement, whether due to f r aud or c1Tor, design and perfotm audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting f r om f r aud is higher than for one resulting f r om error, as f r aud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions arc based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Statement represents the underlying transactions and events in a manner that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable. related safeguards.

Other Matter

(a ) The accompanying Statement of quarterly and year to date standalone financial results includes Company's share of net profit of Rs.7.51 crores and Rs. I 3. 78 crores for the quarter and year ended March 31, 2022 respectively for the five partnership firms whose standalone financial results and other financial information as considered in the Statement have been audited by their respective auditors.

The reports or such other auditors 011 annual standalone financial statements or these 11vc partnership firms have been furnished Lo us, and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these live pm1ncrship firms, is based solely on the reports or.such other auditors. Our opinion on the Statement is 1101 modified in respect ufthe above.: mn\lcr.

(b) The comparnlive linancial information or the Company for the corresponding dccl March 31. 2021 ineluclcd in these standalone linancial results. were audited b) prcdc \ expressed au unrnodilicd opinion 0;1 those linancial inlormation dated June 13. 20:21.

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s . . TLIBOt & Co. LL

Chartered Accountants

(c) The Statement includes the results for the qua1ter ended March 31, 2022 being the balancing figure between the audited figures in respect of Lhc ful I financial year ended March 31, 2022 and the published unaudited year-to-date figures up to the third qua1ter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For S.R. BATLIBOD & Co, LLP Chartered Accountants ICAl Firm registration number: 301003E/E300005

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per Vikas l'artner Membership No.: 094421 ODIN: 2 -z *aC* LI."" 2, fl...:n-, s. � r._., Pla-,:e: New Delhi " Date: �y MP..4 20 LL

MINDA INDUSTRIES LIMITED

REGD. OFFICE : B-641, WAZIRPUR INDUSTRIAL AREA, DELHI-110052PH: 011- 27374444, 0124- 2290427 Fax: 0124- 2290676CIN: L74899DL1992PLC050333

Website: www.unominda.com

STATEMENT OF AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND YEAR ENDED 31 MARCH 2022

		Quarter ended		IRS IN LITTY CAESTI M'P SBUTE IMINIYear ended
PARTICULARS	31-hiar-22	31-Dec-21	$31-Mar-21$	31-Mar-22	$31 - Mnr-21$
	(Andiled)	(Laaudited)	(Audited)	(Andited)	(Audited)
C Incount
a Revenue from operations	2.11508	3.181.38	2,238 278 40	8.313006294	6,373.74
Other incorne(b)	23/21	12.53			47 03
Total income	2,438,29	2,193.91	2,247.17	8,375.94	6,420.77
2 Expenses
Cost of raw materials and components consumed(a)	1,15422	1,198 02	1,273.69	4.447.89	3,456 43
(b)Purchases of stuck-in trade	384 96	255 20	166.62	1,005.31	52876
Changes in inventories of finished goods, stock-in trade and work-in-progress(c)	8.30	(51.36)	(1596)	(7179)	(6590)
(d)Employee benefits expense	33245	295 35	296 51	1,20651	981 69
(e)Finance costs	1347	1267	1511	6232	73 65
(0)Depreciation and amortisation expecte	11028	94 19	10715	391 75	375 30
(B)Other expenses	259 65	24875	335 82	94910	747 77
Infal expenses	2,263.33	2,452.92	2,058,94	7,881.68	6,097.70
3 Profit before stiare of profit/(loss) of associates / joint ventures, exceptional items and lax$(1-2)$	174.96	140.99	188.23	494.26	323.07

4 Exceptional items (Refer note 5)		140.99	173189.96	494.26	173
5 Profit before share of profit/(loss) of associates / joint ventures and (ax (3+4)	174.96				324.80
6 Incume las expensea) Current tax	63 RG	35 53	46 43	159 25	98 29
b) Deferred rax (tredit)/charge	(1560)	678	1 18	(13.47)	2.24
Total tax expense on profit from continuing operations	48.26	42.31	47.61	146.78	100.53
7 Net profit /(loss) for the period after taxes but before share of profit/(loss) of associates /
joint ventures (S-6)	126.70	98.67	142.35	347,48	224.27
B Share of profit/(loss) of associates / joint ventures (net)	2948	19.48	21.49	65 16	24 17
9 Profit for the period (7+8)	156.18	118.15	163.84	412.64	248.44
10 Other comprehensive income/(loss) for the Period
(a) Items that will not be reclassified to profit and loss in subsequent period
(i) Remeasurement gain' (foss) on defined benefit obligation	3.53	(1, 25)	8.89	(011)	377
(ii) Income-tax relating to dems that will not be reclassified to profit and loss in subsequent	(109)	0.14	(3, 24)	019	(125)
period
(b) Items that will be reclassified to profit and loss in subsequent period
(1) Foreign currency translation reserve(ii) Others	10.493.07	009(121)	(118)3 98	23.95(170)	6.263.98

(iii) Income-tax relating to items that will be reclassified to profit and loss in subsequent period	(0 211)	010		0.09
Other comprehensive income/ (loss) for the period, net of tax	15.79	(1, 88)	8.45	22.42	14.75
11 Total comprehensive income (thess) for the Perlod $(9+10)$	171.97	116.27	172.29	435,06	263.19
12 Profit/(loss) for the period attributable to:
Owners of Minda Indigetries Limited$\left( \mathbf{q} \right)$	144.37	101.29	140.32	355.80	200.63
Non-controlling interests(b)	11,81	16,87	23.52	56.84	41.81
13 Other comprehensive income attributable to:
Owners of Minda Industries Limited(a)	14.92	(L.58)	8,73	22.19	14,31
Non-controlling interest:(b)	0.87	(0.30)	(0.28)	0.23	0.44
14 Total comprehensive income attributable to:
Quiters of Minda Industries Limited(n)	159.29	99.71	149.05	377.99	220.94
Non-controlling interests$(l_1)$	12.68	16.57	23,24	57,07	42.25
15 Paid up equity share captial (Face value Rs. 2, per share).				57 12	54,39
16 Other Equity				3,381.33	2,202.18
17 Earnings jurishare (Face value Rs. 2 each) (not immulised)
a) Dasie (in Ra.)	513	171	516	12.64	773
ta) Dilute Con R. 3	511	J2	194	12.59	7.41

S.R. Batlibol & Co. LLP, New Delhi

for identification

MINDA INDUSRIES LIMITED

Consolidated Balance Sheet as at March 31, 2022

		tRain Courty
Purticulars	As at 31-Nar-2022(Audited)	As at 31-Mar-2021(Audited)

ASSETS
L. Non-cultrent assets
Property, plant and equipment	2,052.71	2.050 GS
Right-of-use assets	183 16	174 93
Capital work-in-progress	335 26	11194
Goodwill	284 03	28172
Other intangible assets	284 78	289.47
Intangible assets under development	11.26	22 36
Investment in associates and joint ventures	594 62	528 61
Financial Assets
(i) Other financial assets	25.96	30 96
Deferred tax assets	33 82	12.47
Other non-current assets	38.69	39.27
Non-current tax assets	31 47	26 17
Total non-current assets	3.875.76	3.568.55

2. Current Assets
Inventories	1,046 43	750 56
Financial Assets
(i) Investments	1209	1 56
(ii) Trade receivables	1.376 65	1,198 82
(iii) Cash and cash equivalents	202 27	205 61
(iv) Bank balance other than (iii) above	3193	32 57
(v) Other financial assets	46.17	30.22
Other current assets	24039	202.01
Total current asset	2.955.93	2,421.35
TOTAL ASSETS	6.831.69	5,989,90
EquityEquity share capital	57 12	54 39
Other equity	3.38133	2 202 18
Equity attributable to owners of the Company	3.438 45	2.256 57
Non-controlling interestTotal Equity	326303.764.75	306 452,563.02
LIABILITIES
1. Nou-current habilities
Financial Liabilities
(1) Borrowings	374 70	539 12
(ji) Lease liabilities	11101	90.55
(iii) Other financial liabilities	33 35	1624
Provisions	35 10	135 07
Deferred tex liabilities	62 44	42 40
Other non current liabilities	5B.11	73.33
Total- Non current liabilities	724.7L	896.71

2. Current Llabilities
Contract liabilities	116.29	48.01
Financial Liabilities

(i) Borrowings(ii) Lease liabilities	$-14118$1690	313782016

(iii) Trade payables
(a) Total outstanding dues of micro & small enterprises	179 10	181.68
(b) Total outstanding dues of creditors other than
micro & small enterprises	1.232.58	1.108 11
(iv) Other financial liabilities	17729	756 51
Current tax liabilities	27S7
Other current liabilities	S6S3	62 38
Provisions	6.1.19	39.04
Total current liabilities	2.342.23	2.530.17
Total Equity and Liabilities	6.831.69	5.989.90

$\mathbb{R}^2$

S.R. Batlibol & Co. LLP, New Delhl

tor identification

Minda Industries Linited
Conspilated statement of Cash Flow for the year coded 31 March 1022
(All appoints in Indian 7 crores, unhas otherwise stated)
CIN-1.7409901.1997PLC050333

$\overline{\mathcal{F}}_1$

		For the year ended31 March 2022	For the year coded31 March 2021
л.	Cash flows from operating activities :Profit before rax	JULI 76	324.89

	Adjustments to recancily profit helioes fax to per nash flowlyDepreciation and autorisation expose	Jul 75	175.70
	Interest income on bruk deposits and offices	113501	15.051
	Liabilities / pravailents no temper required wright buck	(2, 1, 2)	(321)
	Employee stock aption expense	15.36	105
	Amarrisation of government grants	(11112)	÷
	Finance entir.	62.31	1165
	Unrealized foreign exchange has ((gain) (net)	4115	(171)
	Provident for impairance of teach recent alite and other assets upon that for I (molicaristical.)	(3.01)	173
	Clearge to funnelal assets measured at fair value through profit and lass	(2, 52)	(156)
	Gain on deemed disposal of interest in associate entry any	(983)	×.
	Publicated of context for extracts	11451	(4.30)
	Net loss / (profit) on cale of property plant and equipment	18.261	$2 - 0$
	Operation Profit before working capital changes	912.02	$765$ Je
	Morgaret is unridag capital
	(Increase)/ Occupate in unrentation	(295 R7)	(141, 04)
	(Increase)/ Decrease in trade rooth ables	(17722)	(34017)
	(frematel) Decreate in Hamesal assets	(317)	520
	(fretene)! Deciense in other con-financial ansets	(3169)	(4112)
	Increase/ (Despected to trade payables	12189	174 02
	Increased (Decrease) in other financial liabilities.	(7591)	(1012)
	Increased (Occyceae) ru wher futuillitez	6171	(1113)
	hunese/ (Decrease) in provisions	18.631	ZE 19
	Cash generated from anerations	司乳路	439.76
	function the paid of related	0136 V31	(2701)
	Net Cash Hows from operating attivities (A)	18258	342.71
	B Cash lines from investing activities
	Payment for purchase of interest in associates and injust venture	(1138)	(15560)
	Proceed ((payment) on change to other investment	(1000)	27 GR
	Purchase of property, plant and equipment and intensible assets	(577.67)	(299 0.5)
	Proceeds from sale of property, plant and equipment and intangible assets	1267	10 97
	Acquision of subsidiaries from reaside the group	(1571)
	Sections to a Learchuse computeriors	(11500)	ä
	Dividend from joint venture and assentiatesInterest received on bank deposits	13.18
	Ist essenger in Reed departs massing. Hunder	590[18631]	59149.10
	Net eash used in investigated with (R)	1094671	134097

	C Cash flaves from Fissuading activitiesProceeds from inside of equity slutte capital	194	1.5.39
	Proced from accurities prestitute on issue of situates earler Reglite Isate		238.40
	Securities premain on nanced equity change make mainlined institutional	638.00
	placemented of since supercusped		÷.
	Payment on redemption of 0.01% Non-convertable redecirable Preference Shares	(21234)	۰
	Desinbution of dividend to non-controlling interest
	Payment on acquisition of non-contrain-15 into w		(52,00)
	Proceeds from the report of the transmitted the H	1,77.40	75E
	Report of long term borrowings	(30791)	(200.91)
	Proceeds from long term businings	$132 + 9$
	Interest paid on borrowings	(54 (1)	167781
	Payment of interest portron of lette institutes	(712)	(6, 53)
	Paynent of principal partion of Icase Indilities	(3072)	(2092)
	Payment of dividendNet cash ared in flavoring settidies (CJ	17.10111.11	alassa180,241
	Nit Increase/ (decrease) in ceah and each equivalent (A+B+C)
		(4.77)	(51.50)
	Toth and east equivalents as at beginning	Jiba fall	26167
	Effects of exclosure need that year on each and each equivalents	1.44	$0 - 14$
	flash and easil equivalents as it closing	102.27	148.00

NutesI The above Cath Dim susteines tas heen prepared under the "Indirect Metholf" as not an Indian Accounting Stendent-7. "Statement of Cath Flows"I Compon-one of cash and eash equivalents

Cash and cash raufindents
Balances with hanks
In purpositions depth overlines	$160 - 16$	159.47
Deposits with a priginal unitiative of less than three months	34.34	$45 - 40$
Cash on Inted	147	11.73.
Cash and tash equivalents at the end of the vest	201.27	145.61

The noise inferred to player form an ineggral part of the siendalors financial claims

S.R. Batilbol & Co. LLP. New Delhi

for Identification

Notes on audited consolidated financial results:

1. These consolidated financial results of the Holding Company have been prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act 2013 read with Rule 3 of the Companies (Indian Accounting Standard) rules, 2015 and including regrouping in previous period in line wilh Schedule lll (Division II) to the Companies Act 2011 llmi relewmt <1111�ndments thereafter. The said financ.ial n:1:Jull:; represents the results of Minda Industries Limited ("Holding Company") and its subsidiaries (the Holding Cu1I1pa11y and its subsidiaries together referred to as "the Group"), its associates and joint ventures for the quarter ended March 31, 2022 and for the year ended March 31, 2022.
1. The above audited consolidated financial results for the quarter and year ended 31 March 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their meetings held on 24 May 2022. These results have been subjected to audit by the statutory auditors of the Holding Company under regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditors have expressed an unmodified report on the above results.
1. During the quarter, the group has:
- a. Additional investment of Rs.1.79 crores in YA Auto Industries, a partnership firm resulting in increase in holding from 51 % to 87.50%.
- b. Additional investment of Rs.3.63 crores in Auto Componenls, a parlnership firm resulting in increase in holding from 48.90% stake to 95.00%.
- c. Additional investment of Rs.61.20 crores in Minda Kosei Aluminum Wheel Private Limited, a partnership finn resulting in increase in holding from 70% stake to 77.35%.
- d. Acquired 87.50% stake in Samaira Engineering, a pa1tnership firm by making an investment of Rs. 8.88 crores.
- e. Acquired 87.50% stake in S M Auto Industries, a pa1tnership firm by making an investment of Rs. 3.21 crores.
- f. Merger of one of the subsidiary company, namely, !SYS RTS GrnbH with one of the step down subsidiary company Uno Minda Europe GmbH (formerly known as •Minda Delvis GmbH')
1. The Group is engaged in the business of manufacturing of auto components including auto elect1ical parts and its accessories. Accordingly, there is no separate repo11able segment as per Ind AS I 08 - Operating Segments.
1. Exceptional items for the year ended March 31. 2021 represents Gain on loss of control of subsidiary companies amounting to Rs.1.73 crores respectively.
1. The Board of directors of the Holding Company in its meeting held on 6 February 2020, accorded its consent for the scheme of amalgamation of Minda I Connect Private Limited (Transferor Company) with Minda Industries Limited (Transferee Company) subject to necessary approvals of shareholders. Creditors and other approvals and sanctions by the National Company Law Tribunal (NCL T). New Delhi. The requisite accounting wi 11 be done post receipt of'NCLT approval.
1. The Holding Company has made an assessment of the impact of the continuing COVID-19 pandemic on its current and future operations, liquidity position, and cash flow giving due consideration to internal and external factors. The Company is continuously monitoring the situation and does not foresee any significant impact on its operations and financial position as at March 31, 2022. The Company will conlinue Lo closely observe the evolving scenario.
1. The Amini nf clirr:�torn iit their meeting held today hail considered and recommended :
- a. a final dividend of Rs.1 per equity share (nominal value of Rs. 2 per share) for the financial year ended March 31, 2022. Final dividend is subject to approval of shareholders.
- b. a dividend of Rs. 0.01 per 0.01% non-convertible redeemable preference share (nominal value ofRs.100 per share) for the financial year ended March 31, 2022.
- c. Bonus issue of I (One) equity share of Rs.2 each for every l (One) equity shares of Rs.2 each held by shareholders of the Company on the record date.
1. The Statement includes the results for the quarter ended March 31, 2022 being the balancing figures between the audited figures in respect oftl1e full financial year ended March 31, 2022 and the published unaudited year-to-date figures up to the end of tlie third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For and on behalfofthe Board of Minda Industries Limited

i�_J) _,

(NlRj\il� Chairman & Managing Director

Place: Gurugram, Haryana Date: 24 May 2022

S.R. Batllbol & co. LLF', New Delhi

for Identification

S.R. BATLIBOI & c·o. LLP

Chartered Accountants

4th Floor. Office 405 World Marl< - 2, Asset No- 8 !GI Airport Hospitality District, Aeroc1ty New Delhi - 110 037, lr.dia Tel : +91 11 4681 9500

lndcpendent Auditor's Report on me Quarterly and Year to Date Consolidated Financial Results of t!ie Company Pursuant to the Regulation 33 of the SEBI (Listing Obligat-ions and Disclosure Requirements) Regulations, 2015, as a111ended

To The Uoard of Directors of Minda Industries Limited

Report on the audil or the Consolidated Financial Results

Opinion

We have audited the accompanying statement of quarterly and year to date consolidated financial resu Its of Minda Industries Limited ("'Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together refen-ed to as· Lhe Group") its associates and joinl ventures for the quarter ended March 31, 2012 and for the year ended March 31, 2022 C- Statement'), attached herewith. being submiued by the Holding Company pursuant to the requirement of Regulation 33 of rhe SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, as amended (·'Listing Regulations')

In our opinion and to the best of our information and according to Lhc explanations given to us and based on the consideration of the rcpo1ts of the other auditors on separate audited financial statements of the subsidiaries / associates/ joint ventures, the Statement:

i. includes the results of the entities listed in Annexure I;
ii. are presented in accordance with the requirements of the Listing Regulations in this regard; and
iii. gives a true and fair view in conformity with rhe applicable accounting standards, and other accounting principles generally accepted in India, of the consolidated net profit and other comprehensive income and other financial infonnation of the Group for the quarter ended March 31, 2022 and for the year ended March 31, 2022.

Basis for Opinion

We conducted ou1· audit in nccordanc with the Standards un Auditing (SAs), as specified under Section 143( I 0) of the Companies Act. 2013, as amended ("the /\ct'"). Ow· responsibilities under those Standards are further described in tile ''Auditor's Responsibilities for the Audit of the Consolidated Financial Results'' section of our report. We are independent of the Group, ils associates and joint ventures in accordance with the Code of Ethics' issued by the Institute of Chartered Accountants of India together with the ethical requirements that arc relevant to our audit or the financial statements under the provisions of the Act and the Rules thereunder. and we have fuJfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in tenm of their reports referred to in "Other Matter•· paragriiph below, is sufficienl and appropriate to provide a basis for our opinion.

Management's Responsibilities for the Consolidated Financial Results

The Statement has been prepared on the basis of the consolidated annual financial statements. The Holding Company's Board of Directors are responsible for the preparation and presentation of the Statement that give a true and fair view of the net prolit and other comprehensive income and other linancial information of the Group including its associates and joint ventures in accordance with the applicable accounting standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The respective Board of Directors of the companies included in the Group and of its associates and joint ventures are responsible for maintenance or adequine uccounling record� in accordance with the provisions of the Act for safeguarding or the assets of the Group and its associates and joint ventures and for preventing and detecting frauds and other irregularities: selection and application of appropriate accounting policies: making judl�� cstinwl.:� Lhm are reasonable and prudent; and the design. implt:menlation and maintenance of��ul iinancial controls, Lhat were operating elTt:ctively for ensuring the accuracy and complclen r· ' the u:c ' !l ·ng records, relevant to the prepatation and presentation of the Statement that give a true anc �:( ic\1 an ' free from - * �::-.-v-.,4,.

�o��

5 ., BAJLJBOJ & Co LL

material misstatement whether due lo fraud or error which have been used for the purpose of preparation of the Statement by the D.irectors of the Holding Company, as aforesaid.

In preparing the Statement, the respective Board of Directors of the companies included in Lhe Group and of its associates and joint ventures are responsible for assessing lhe ability of the Group and of its associates and joint veniures to continue as a going concern, disc lo ing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Director<; either intends to liquid�le the Group or to cease operations, ur bas no realistic alternative but Lu do so.

The respective Hoard of Directors of the companies included in the Group and of its assncic1tes and joint ventures are also responsible for overseeing tht: financial reporting process of the Group and of its associates and joint ventures.

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

Our objectives are to obtain reasonable assurance about whether the Statement as a whole is free from material misstatement, whether due to fraud or error, and lo issue an auditor's repo1t that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it" exists. Misslatemc::nts can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected Lo influence the economic decisions of users taken on the basis of the Statement.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of lhe Statement, whether due to fraud or error, design and perfo1m audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting f rom f r aud i higher than for one resulting f rom error as f r aud may involve collusion, forgery, intentional omissions. m isrcpresentations, or the override of internal control.
" Obtain an under randing of internal control relevant to the audit in order to design audit procedures that are appropriate in lhe circumstances. Under Section 143(3)(i) of the Acl, we ar also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness or such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the Board of Directors.
Conclude on the appropriateness of the Board of Directors' use or the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainly exists related to events or conditions that may cast significant doubt on the ability of1he Group and its associates and joint ventures to continue as a p,oing concern I F·we co11du<le chat· a J1111lcrial u11cena111ty exists, we are required to draw attention in our auditor's repo1t to the related disclosures in the tatement or, if such disclosures are inadequate. lo modify our opinion. Our conclusions are based on the audit evidence obtained up to the dULe of our audiLOr's repor1. However. future events or conditions may cause the Group and its associates nnd joint ventures to ccuse lo continue u.s a going concern.
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, ai1d whether the Statement represent the underlying transactions and events in a manner that achieve� foir presentation.
o Obtain surficicnl appropriate audit evidence regarding the financial results/financial information of the �ntities within lhe Group and its associates and joint ventures of which we arc the independenl auditors. l(1 express an opinion 011 the Statement. We arc responsible for the direction, supervision and performance or the audit of Lhc !inancinl information or sud1 entities included in the Stntcmcnt of which we arc the indeµenclcnt auditors. Fnr the other cnlities includcc.! in the Statement.\ hkh lrnvr.: been audited b_, olht:r auditors. sud1 olhcr a11di1ors 1'l:111ain rr.:sponsiblc for the direction, supcrvisio11 and pcrfi rmance of' the audit� carried oul by tJ1em. We remain solely responsible for our audit opinion.

W_c communicate with those charged with governance nfthe l-lolding C'umpm1y ,......"'-'"""''"" entities illl:luded in the Statement oi'whieh we arl' the independent auditors regarding, among otl 'ti;* at1e1·,_ t annc.d scope and Liming of the audit and signilicant audit findings. including any significant deli I control that we identify during our audit. We also provide those charged with governance with l' have complied

s. BA111B01 & Co. LL

Gharter�:1 Acr;ountant!;

with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

We also performed procedures in accordance with the Circular No. CIR/CFD/CMD I /44/2019 dated March 29, 2019 issued by the Securities Exchange Board of India under Regulation 33 (8) ofthe Listing Regulations, lo the extent applicable.

Other Maller

The accompanying Statement includes the financial statements /financial infonnation of:

" 25 subsidiaries, whose financial statements include total assets of Rs. I 792.08 erores as al March 31, 2022, total revenues of Rs.840.48 crores and Rs.2,704.00 crores, total net profitl(loss) after tax of Rs. 11.70 crores and Rs. 72.98 crores, total comprehensive income of Rs. 13.30 crores and Rs. 22.28 crores, for the quarter and the year ended on that date respectively, and net cash inflows of Rs. 15.60 crores for the year ended March 31, 2022, as considered in the Statement which have been audited by their respective independent auditors.
o 5 associates and 6 joint ventures, whose financial statements include Group's share of net profit of Rs. 13.73 crores and Rs. 21.67 crores and Group's share of total comprehensive income of Rs. 14.15 crores and Rs. 22.05 crores for the quarter and for the year ended March 31, 2022 respectively, as considered in the Statement whose financial statements, other financial information have been audited by their respective independent auditors.

The independent auditor's report on the financial statements/financial information of these entities have been furnished to us by the Management and our opinion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, joint ventures and associates is based solely on the reports of such auditors and the procedures performed by us as stated in paragraph above.

Certain of these subsidiaries/associates/ joint ventures are located outside India whose financial statements and other financial infonnation have been prepared in accordance with the accounting principles generally accepted in their respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Holding Company's management has converted the financial statements of such subsidiaries/associates/ joint ventures located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have audited these conversion adjustments made by the Holding Company's management. Our opinion in so far as it relates to the balances and affairs of such subsidiaries/associates/ joint ventures located outside India is based on the report of other auditors and the conversion adjustments prepared by the management of the Holding Company and audited by us.

The accompanying Statement includes unaudited financial statements and other unaudited financial information in respect of:

• I joint venture, whose financiaJ statements includes the Group's share of nel profit of Rs. 0.37 crores and Rs 0.24 crores and Group's share of total comprehensive income of Rs. 0.37 crores and Rs. 0.22 crores for the quai1er and for the year ended March 31, 2022 respectively, as considered in the Statement whose financial statements and other financial information have not been audited by their auditor.

These unaudited financial statements/ financial information have been approved and furnished to us by the M_anagement and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries.joint ventures and associates, is based solely on such unaudited financial statements/ financial infonnation. In our opinion and according to the information and explanations given to us by the Management, these financial statements/ financial information are not material to the Group.

Our opinion on the Statement is not modified in respect of the above matters with respect to our reliance on the work done and the rcpo11s of the other auditors and the foinancial Statements/financial information certified by the Management.

The comparative financial information of the Group. its associates an the corresponding quarter and ror the year encleu March 3 l. 2021. included in these consoli ults. were audited by the predecessor auditor who expressed an unmodified opinion on I.hose m;ial inl�>rmation 011 June 13, 2021.

S.R BP ruB01 & Co. LLP

Chartered Accountants

The Statement includes the results for the quarter ended March 31, 2022 being the balancing figures between the audited figures in respect of the full financial year ended March 31, 2022 and the published unaudited year-todate figures up to the end of the third quarter of the current financial year, which were subjected to a limited review by us, as required under the Listing Regulations.

For S.R. BA TU ROI & Co. LLP Chartered Accountants ICAI Firm ,registration num bcr: 30IOOJE/1!:300005

1, 'C.DJ" v,:,

per Vikas Mehra Partner Membership No.: 094421 UDIN:2.2.6�Y4 2.' PuM Place: New Delhi Date: 2.y ,-, o.y 202 ,._

S.R. BATLIBOI & CO. LLP

Annexure 1

A. List of Subsidiaries

Name of Company	Type	Holding Company
Minda Kyoraku Limited	Subsidiary	Minda Industries Limited
Minda Kosei Aluminium Wheel Private Limited	Subsidiary	Minda Industries Limited
Minda Storage Batteries Private Limited	Subsidiary	Minda Industries Limited
YA Auto Industries (partnership firm)	Subsidiary	Minda Industries Limited
Minda Katolec Electronics Services Private Limited	Subsidiary	Minda Industries Limited
Mindarika Private Limited	Subsidiary	Minda Industries Limited
Harita Fehrer Limited	Subsidiary	Minda Industries Limited
MI Torica India Private Limited	Subsidiary	Minda Industries Limited
MITIL Polymer Private Limited	Step down subsidiary	MI Torica India Private Limited
Global Mazinkert S.L.	Subsidiary	Minda Industries Limited
Clarton Horn, Spain	Step down subsidiary	Global Mazinkert S.L.
Clarton Horn Marco SRL, Morocco	Step down subsidiary	Clarton Horn, Spain
Clarton Horn Signalkoustic GmBH,	Step down subsidiary	Clarton Horn, Spain.
Clarton Horn S. De R.L. De C.V., Mexico	Step down subsidiary	Clarton Horn, Spain.
Light & Systems Technical Centre, S.L. Spain	Step down subsidiary	Global Mazinkert S.L.
PT Minda Asean Automotive	Subsidiary	Minda Industries Limited
PT Minda Trading	Step down subsidiary	PT Minda Asean Automotive
Sam Global Pte Ltd.	Subsidiary	Minda Industries Limited
Minda Industries Vietnam Company Limited	Step down subsidiary	Sam Global Pte Ltd.
Minda Korea Co Ltd	Step down subsidiary	Sam Global Pte Ltd.
Uno Minda Europe GmbH (formerly known asMinda Delvis GmbH)	Step down subsidiary	Sam Global Pte Ltd.
Uno Minda Systems GMBH (formerly known asDelvis Products GmbH)	Step down subsidiary	Uno Minda Europe GmbH(formerly known as MindaExercis Gmbl 1)

'DE

S.R. DATLIBOI & CO. LLP

Creat GMBH (formerly known as Delvis Solutions$Gmb$ [I)	Step down subsidiary	Uno Minda Europe GmbH(formerly known as Minda)Delvis GmbH)
Uno Minda EV systems Private Limited	Subsidiary	Minda Industries Limited
Uno Minda Auto systems Private Limited	Subsidiary	Minda Industries Limited
Samaira Engineering (Partnership Firm)	Subsidiary	Minda Industries Limited
S.M. Auto Industries (Partnership firm)	Subsidiary	Minda Industries Limited
Auto Component (Partnership firm)	Subsidiary	Minda Industries Limited

B. List of Joint Ventures and Associates

Name of Company	Type
Minda Westport Technologies Limited	Joint Venture
Roki Minda Co. Private Limited	Joint Venture
Minda NexGenTech Limited	Associate
Kosei Minda Aluminium Company Private Limited	Associate
Yogendra Engineering (partnership firm)	Associate
Minda TTE DAPS Private Limited	Joint Venture
Minda Onkyo India Private Limited	Joint Venture
Denso Ten Minda India Private Limited	Joint Venture
Minda D-Ten India Private Limited	Joint Venture
Rinder Riduco, S.A.S. Columbia	Joint Venture
Toyoda Gosei Minda India Private Limited	Joint Venture
Toyoda Gosei South India Private Limited	Subsidiary of Joint Venture
Kosei Minda Mould Private Limited	Joint Venture
Minda TG Rubber Private Limited	Joint Venture
Tokai Rika Minda India Private Limited	Joint Venture
Strongsun Renewables Private Limited	Associate
CSE Dakshina Solar Private Limited	Associate

Ref. No. Z-IV /R-39/D-2/NSE/207 & 174 Date :24/05/2022

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

Sub: - Declaration for Audit Report(s) with unmodified opinion

Ref: - Regulation 33(3) (d) of SEBI (LODR) Regulations, 2015

Dear Sirs,

Pursuant to Regulation 33(3) (d) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

DECLARATION is hereby given that the Statutory Auditors' Report on the Annual Standalone Audited Financial Results and Annual Consolidated Audited Financial Results for the Financial Year ended 31 March 2022 do not contain any qualifications, reservations or adverse remarks. Audit Report for the said period carry with unmodified opinion.

For and on behalf J; Board

Minda Iriest

Nirmal K. M da Chairman & Managing Director

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 - [email protected], www.unominda.com, Regd. Office : B-64/1, Wazirpur Industrial Area, Delhi-110052, CIN : L7 4899DL 1992PLC050333

Annexure -II

S.No.	Particulars	Details
1	Whether Bonus is out of free reservescreated out of profits or share premiumaccount.	The Bonus Equity Shares will be issued outof free reserves, available as at March 31,2022.
2	Bonus ratio	1 (one) equity share of Rs. 2 each fully paidup for every l(one) existing equity share ofRs. 2 each fully paid up <1s on the recorddate.
3	Details of share capital -pre and postbonus issue	Pre-Bonus paid up share capital as on 24May, 2022 is Rs. 57,12,40,882.00 dividedinto 28,56,20,441 equity shares of Rs. 2each.Post-Bonus paid up share capital would beRs.114,24,81, 764.00dividedinto57,12,40,882 equity shares of Rs. 2 each.
4	Free reserves and/ or share premiumrequired for implementing the bonusissue.	Rs. 57.12 Crores
5	Free reserves and / or share premiumavailable for capitalization and the dateas on which such balance is available	As on 31 March, 2022, the free reservesand securities premium is Rs. 2517.57Crores.
6	Whether the aforesaid figures areaudited	Yes, the figures provided in the item No. 5above are audited.
7	Estimated date by which such bonusshares would be credited/ dispatched	Within two months from the date ofBoard approval i.e. 23 July, 2022.

Annexure - Ill

Sr.No.	Details of events that need to be provided
a)	Name of the target entity, details in briefsuch as size, turnover etc.;	i) Name of the target entity: Takai Rika MindaIndia Private Limitedii)Brief Details: The target entity is engaged inthe business of manufai:Luri11g of automotiveproducts.iii)Tumuvt:r during last 3 years (In Rupees):FY 2021-226,49 ,44,42, 702/-FY 2020-215,296,840,325/-FY 2019-206,001,115,269/-
b)	Whether the acquisition would fall withinrelated party transaction(s) and whetherthe promoter/ promoter group/ groupcompanies have any interest in the entitybeing acquired?	Yes, the acquisition falls within a related partytransaction.
	If yes, nature of interest and detailsthereof and whether the same is done at"arms-length";
c)	Industrytowhichtheentitybeingacquired belongs;	Auto Components
d)	Objectsandeffectsofacquisition(including but not limited to, disclosure ofreasons for acquisition of target entity, ifits business is outside the main line ofbusiness of the listed entity);	MIL being the existing shareholder of the targetentity, MIL proposes to subscribe for the RightsIssue Offer to be made by the Target Entity andPost-acquisition, MIL stake in Takai Rika MindaIndia Private Limited (target entity) will remainsame i.e. 30%.
e)	Brief details of any governmental orregulatory approvals required for theacquisition;	N.A.
f)	Indicative time period for completion ofthe acquisition;	During the calendar Year 2022
g)	Nature of consideration -whether cashconsideration or share swap and details ofthe same;	Cash
h)	Cost of acquisition or the price at whichthe shares are acquired;	Total investment will be up to Rs.25 Crore(Rupees Twenty Five Crore Only)
i)	Percentageofsha reh oldi ng/ controlacquiredand/ornumberofsharesacquired;	Post-acquisition, MIL stake in Takai Rika MindaIndia Private Limited will remain same i.e. 30%

j) Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);

1) Brief Background: (TRMN Background)

Takai Rika Minda India Private Limited is a joint venture between Takai Rika Co., Ltd, Japan (70%) and Minda Industries Limited (30%), having its state of the art manufacturing facility situated in Dnhaspet, Bengaluru Rural. Producing Safety and Security Systems, Electronic Components and Automotive Switches, namely Key Sets, Seat Belts, Switches (Parts & Accessories), Shift Lever, Immobilisers etc., The Company is having warehouse-cum Branch office in two locations (I) Patli, Gurugram Haryana and (2) Vithalapur, Ahmedabad District Gujarat.

1. Date of Incorporation: (TRMN date of incorporation): 11-Aug-2008
1. Turnover during last 3 years: (TRMN turnover) Amount in Rupees:

FY 2021-22	6,49,44,42, 702/-
FY 2020-21	5,296,840,325/-
FY 2019-20	6,001,115,269/-

ANNEXURE -IV

a) Nature of the entity (ies) forming part of the amalgamation / merger, details in brief such as size, turnover etc.: -

		(Rs. In Crores)
--	--	-----------------	--

S.No.	Parties to the Scheme	Turnover (Net)	Networth
		(for the year	(As on
		ended	31 March,
		31 March, 2022	2022)
	Transferor Companies
1	Harita Fehrer Limited	533.26	203.97
2	Minda Storage BatteriesPrivate	142.29	111.78
	Limited
	Transferee Company
5	Minda Industries Ltd.	5039.65	2656.10

b) Area of Business of the entities

Transferee Company

Minda Industries Ltd. (MIL)

MIL is engaged in the manufacturer of automobile components, such as Switches, Sensors, Controllers, Actuators, Horns, Lightings, Fuel Cap, Seats etc.

Transferor Companies

Harita Fehrer Limited

Harita Fehrer engaged in manufacturing of Poly Urethane (PU) foam pads, two/three wheeler seats, PU composites, MCU and interior modules etc.

Minda Storage Batteries Private Limited

Minda Storage Batteries is engaged in the manufacturing of Batteries for two, fourwheeler and industrial batteries in automotive sector.

c) Whether the transaction would fall within related party transactions? If Yes, whether the same is done at "Arm's Length"?

Proposed Scheme of Amalgamation is between wholly owned subsidiary companies and holding company. The proposed amalgamation shall not to be treated as a related party transaction in terms of General Circular No. 30/2014 dated 17 July, 2014, issued by the Ministry of Corporate Affairs. Further, pursuant to Regulation 23(5)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the related party provisions are not applicable to the proposed Scheme.

d) Rational for the amalgamation / merger

1) RATIONAL, FOR THE AMALGAMATION OF HARITA FEHRER LIMITED, TRANSFEROR COMPANY (HFRL) WITH MINDA INDUSTRIES LIMITED, TRANSFEREE COMPANY (MIL):

i) HFRL is a wholly owned subsidiary Company of MIL engaged in manufacturing of Polyurethane (PU) foam pads, two/three wheeler seats, PU composites, MCU and interior modules and some of its products such as PU foam are required for manufacture of seats by Seating division of MIL hence, consolidation of HFRL by way of proposed amalgamation would lead to avail synergy's benefit like smooth functioning and to manage the operr1tions effectively, efficient utilization of capital and help to achieve a streamlined structure by eliminating multiple entities.
ii) The proposed amalgamation will lead to elimination of multiple administrative functions and record-keeping and enhance operational efficiencies, thus resulting in reduced compliance and administrative costs.
iii) The proposed amalgamation will lead to greater efficiency in fund management and deployment for the combined entity, and unfettered access to cash flows generated by the businesses which can be deployed more efficiently for funding growth opportunities to maximize Members' value.
iv) The Scheme shall be in the beneficial interest of the Members and Creditors of the each party of the Scheme and shall not be in any manner prejudicial to the interest of the concerned Members, creditors, employees and/ or any other person(s) whether interested or not.
v) The Scheme of Arrangement will result in the establishment of a larger company with large resources and a larger capital base and a greater capacity to raise funds for expansion, modernization and development of the businesses of the companies concerned.
vi) The Scheme would be beneficial to and in the best interest of the shareholders & creditors, if any, of HFRL and MIL. The Scheme shall not in any manner be prejudicial to the interests of concerned shareholders/ creditors and general public at large.

2) RATIONAL FOR DEMERGER OF DEMERGED UNDERTAKING OF MINDA STORAGE BATTERIES PRIVATE LIMITED (MSBPL} AND VESTING INTO MINDA INDUSTRIES LIMITED (MIL):

i) MSBPL is a wholly owned subsidiary of MIL and engaged in the business of manufacturing of batteries for two, four-wheeler and industrial batteries in automotive sector. The products of MSBPL are apart from supplies to other customers are also sold by Aftermarket division of MIL.

ii) The proposed scheme of demerger of domestic business of MSBPL and vesting into MIL shall result in the expanding the business of MIL in the growing markets of India, thereby creating greater value for the shareholders/stakeholders of MIL.
iii) The Combination of the Demerged Undertaking with Mil is a strategic fit for serving existing market and for catering to additional volume linked to new consumers as the products of MSBPL synergies well with the products of MIL.
iv) The proposed restructuring will lead to greater efficiency in fund management and deployment for the combined entity, and enhance competitive strength, achieve cost reduction and productivity gains by pooling the technologies and resources of the MSBPL and MIL thereby significantly contributing to the future growth and maximizing shareholders value.
v) The Scheme would be beneficial to and in the best interest of the shareholders & creditors, if any, of MSBPL and MIL. The Scheme shall not in any manner be prejudicial to the interests of concerned shareholders/ creditors and general public at large.

e) In case of cash consideration - amount or otherwise shall exchange ratio

Not applicable.

Since all the HFRL and MSBPL are wholly owned subsidiary companies of the Transferee Company, no new equity shares shall be issued.

f) Brief details of change in Shareholding Pattern (if any) of Listed Entity

Not applicable for the reason mentioned in point (e) above.

MINDA INDUSTRIES LTD.

Minda Industries Vietnam Co. Ltd., step down subsidiary plant in Hanoi, Vietnam to start manufacturing of lighting products.

S.No.	Particulars	Details
a)	Name of the product	Tail lamp, Blinkers & other 2w & 4wautomotive lighting products
a)	Date of Launch	TheProjectisexpectedtobewrnmissioned by December, 2022
b)	Category of the Products	Automotive Lighting
c)	IWhethercaterstodomesticinternational market	International Market
d)	Cost of the Project/ investment required	Rs. 36.80 Crores
e)	Mode of financing	Internal Accruals and Term Loans

MINDA INDUSTRIES LTD.

To cxp.:md Mindarika Private Ltd., subsidiary ofthe Company's plant Chennai.

S.No.	Details of events that need to be provided for Capacity addition
a)	Existing capacity;	8S,OO,OOO
b)	Existing capacity utilization {%);	85%
c)	Proposed capacity addition;	65,00,000
d)	Period within which the proposedcapacity is to be added;	The Project is expected to becommissioned by January, 2023
e)	Investment required;	Rs. 72.89 Cr. over a period of five years
f)	Mode of financing;	Internal Accruals
g)	Rationale.	Increase in customer demand

AI assistant

UNO Minda Limited — Capital/Financing Update 2022

61248_rns_2022-05-24_d05a1794-12ff-4510-9f94-24d162226637.pdf

Sub:-Outcome of the Board Meeting

Dear Sir(s),

3) Issue of Bonus Shares

4) Raising of funds through issue of Debt Securities upto Rs.1000 Crores in one or more tranches

5) Approval for change of name of the company from Minda Industries Limited to UNO Minda Limited

6} Amendment to UNO Minda Employees Stock Option Scheme 2019

7} Postal Ballot Approval

8) Investment in equity shares of Tokai Rika Minda India Private Limited. Joint Venture Company.

9) Record date for Final Dividend and Bonus issue

10) Draft Scheme of Arrangement of two wholly owned subsidiary companies with the Company

11) Board reviewed and approved the following Detailed Project Report(s):-

MINDA INDUSTRIES LIMITED

S.R. Batlibol & Co. I.LP, New Delhi

S.R. BATUB01 & Co. LLP

Opinion

Basis for Opinion

Management's Responsibilities for the Standalone Financial Results

I'flJ.BOi 8. C

Other Matter

s . . TLIBOt & Co. LL

Chartered Accountants

MINDA INDUSTRIES LIMITED

REGD. OFFICE : B-641, WAZIRPUR INDUSTRIAL AREA, DELHI-110052PH: 011- 27374444, 0124- 2290427 Fax: 0124- 2290676CIN: L74899DL1992PLC050333

MINDA INDUSRIES LIMITED

S.R. Batilbol & Co. LLP. New Delhi

S.R. BATLIBOI & c·o. LLP

Opinion

Basis for Opinion

Management's Responsibilities for the Consolidated Financial Results

5 ., BAJLJBOJ & Co LL

Auditor's Responsibilities for the Audit of the Consolidated Financial Results

s. BA111B01 & Co. LL

Gharter�:1 Acr;ountant!;

Other Maller

S.R BP ruB01 & Co. LLP

S.R. BATLIBOI & CO. LLP

A. List of Subsidiaries

S.R. DATLIBOI & CO. LLP

B. List of Joint Ventures and Associates

Sub: - Declaration for Audit Report(s) with unmodified opinion

Annexure -II

1) Brief Background: (TRMN Background)

ANNEXURE -IV

b) Area of Business of the entities

Transferee Company

Transferor Companies

d) Rational for the amalgamation / merger

1) RATIONAL, FOR THE AMALGAMATION OF HARITA FEHRER LIMITED, TRANSFEROR COMPANY (HFRL) WITH MINDA INDUSTRIES LIMITED, TRANSFEREE COMPANY (MIL):

2) RATIONAL FOR DEMERGER OF DEMERGED UNDERTAKING OF MINDA STORAGE BATTERIES PRIVATE LIMITED (MSBPL} AND VESTING INTO MINDA INDUSTRIES LIMITED (MIL):

e) In case of cash consideration - amount or otherwise shall exchange ratio

f) Brief details of change in Shareholding Pattern (if any) of Listed Entity

MINDA INDUSTRIES LTD.

MINDA INDUSTRIES LTD.

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UNO Minda Limited Capital/Financing Update 2022