UNO Minda Limited

(Formerly known as Minda Industries Limited)

UNO MINDA [ ]

---.:>�IVING THE NE�

Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 31/08/2023

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: UNOMINDA BSE Scrip: UNOMINDA; 532539

Dear Sirs,

Sub: - Credit Rating

Ref: - Regulation 30, Schedule III A (3) of SEBI (LODR) Regulations, 2015

We are pleased to inform that ICRA has

1) reaffirmed the long term rating of Uno Minda Limited at [ICRA]AA+ (pronounced ICRA double A plus) and the short-term rating at [ICRA]Al + (pronounced ICRA A one plus on the rated bank facilities. The outlook on the long-term rating is Stable.
2) reaffirmed the short-term rating of [ICRA] Al+ (pronounced ICRA A one plus) for the Commercial Paper (CP) programme of Uno Minda Limited and
3) assigned a long-term rating of [ICRA]AA+ (pronounced ICRA double A plus) to Non-Convertible Debentures (NCD) of Uno Minda Limited. The outlook on the long-term rating is Stable.

We are enclosing herewith the copy of the letter(s) dated 31 August, 2023, received from ICRA in this regard.

This is for your information and records please.

Thanking you. Yours faithfully, For Uno Minda Limited Tarun Kumar Digitally signed by Tarun Kumar Srivastava Srivastava Date: 2023.08.31 15:43:15 +05'30' Tarun Kumar Srivastava Company Secretary & Complian·,..c�WF.

Encl: As above.

-

Uno Minda Limited (Formerly known as Minda Industries Limited) Corporate Office: Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, Haryana - 122004, INDIA. T: +91 124 2290427/28, 2290693/94/96 F: +91 124 2290676/95 Email: [email protected] www.unominda.com Regd. Office: B-64/1, Wazirpur Industrial Area, Delhi - 110052 CIN No.: L7 4899DL 1992PLC050333

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ICRA

ICRA Limited

Ref: ICRA/Uno Minda Limited/31082023/1

Date: August 31, 2023

Mr. Sunil Bohra

Executive Director - Group CFO Uno Minda Limited Village Nawada Fatehpur P. 0. Sikanderpur Badda Manesar, Gurgaon 122004

Dear Sir,

Re: Surveillance oflCRA-assigned Credit Rating for Rs. 700.0 crore Bank Facilities of Uno Minda Limited

Please refer to the Rating Agreement dated August 10, 2022, executed between ICRA Limited ("ICRA") and your company, whereby, ICRA is required to review its ratings, on an annual basis, or as and when the circumstances warrant.

Please note that the Rating Committee oflCRA, after due consideration, has reaffirmed the long-term rating at [ICRA] AA+ (pronounced ICRA double A plus) and the short-term rating at [ICRA]AI + (pronounced ICRA A one plus) on the rated bank facilities. Outlook on the long-term rating is Stable. For Rating definition(s), please refer to ICRA website at www.icra.in.

In any of your publicity material or other document wherever you are using the above Rating(s), it should be stated as [ICRA[ AA+ (Stable)/[ICRAJAI+.

The aforesaid Rating(s) will be due for surveillance any time before August 23, 2024. However, ICRA reserves the right to review and/or revise the above Rating(s) at any time on the basis of new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the Rating(s). Therefore, request the lenders and investors to visit ICRA website at www.icra.in for latest Rating(s) of the Company.

The Rating(s) are specific to the terms and conditions of the bank facilities as indicated to us by you, and any change in the terms or size of the same would require a review of the Rating(s) by us. In case there is any change in the terms and conditions or the size of the rated bank facilities, the same must be brought to our notice before the bank facility is used by you. In the event such changes occur after the Ratings have been assigned by us and their use has been confirmed by you, the Ratings would be subject to our review,

Building No. 8, 2["'][1 ] Floor, Tower Tel.: +91.124 .4545300 Website: www.icra.in A CIN: Email: [email protected] DLF Cyber City, Phase II L749999DL1991PLC042749 Helpdesk: +91 9354738909 Gurugram - 122002, Haryana Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+9 l.11.23357940-45 RATING RESEARCH INFORMATION

ICRA I

following which there could be a change in the Ratings previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the bank facilities from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement.

The Rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated instruments by your company.

You are also requested to forthwith inform us about any default or delay in repayment ofinterest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s). Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded.

We look forward to your communication and assure you of our best services.

With kind regards,

Yours sincerely,

For ICRA Limited

SRI KUMAR KRISHNAMURTHY

Digitally signed by SRI KUMAR KRISHNAMURTHY Date: 2023.08.31 12:29:50 +05'30' , '--

Srikumar Krishnamurthy

Senior Vice President and Co-Group Head, Corporate Ratings [email protected]

ICRA I

Annexure

Details of Bank Limits RatedbyAmount ICRA (Rated on Long-Term Scale) crore) Term Loan Facilities HDFC Bank Limited 50.00 JP Morgan Bank 100.00 Cash Credit Facilities State Bank of India 40.00 Axis Bank Limited 32.80	Details of Bank Limits RatedbyAmount ICRA (Rated on Long-Term Scale) crore) Term Loan Facilities HDFC Bank Limited 50.00 JP Morgan Bank 100.00 Cash Credit Facilities State Bank of India 40.00 Axis Bank Limited 32.80	(Rs.Rating Rating Assigned on

	50.00	[ICRA]AA+(Stable) August 24,2023
	100.00	[ICRA]AA+(Stable) August 24,2023


	40.00	[ICRA]AA+(Stable) August 24,2023
	32.80	[ICRA]AA+(Stable) August 24,2023
HDFC Bank Limited Citib ank N.A.	45.00	[ICRA]AA+(Stable) August 24,2023
	53.00	[ICRA]AA+(Stable) August 24,2023
Standard Chartered Bank ICICI Bank Limited Total Details of Bank Limits Rated by ICRA (Rated on Short-Term Scale) Non-Fund Based fcilities State Bank of India HDFC Bank Limited Axis Bank Limited ICICI Bank Limited Total Details of Bank Limits Rated by ICRA (Rated on Long term/ Short- Term Scale) Unallocated Facilities Total	53.00 50.00	[ICR]AA+(Stable) August 24, 2023 [ICRA]AA+ (Stable) August 24, 2023 Rating Rating Assigned on
	423.80 Amount (Rs. crore)
	15.00	[ICRA]Al+ August 24, 2023
	120.00 120.00	[ICRA]Al+ August 24, 2023 [ICRA]Al+ August 24, 2023
	5.00 260.00	[ICRA]Al+ August 24, 2023
	Amount(Rs. crore) 16.20 16.20	Rating Rating Assigned on [ICRA]A+ (Stable)/ August 24, 2023 [ICRA]Al+

ICRA I

ICRA Limited

Ref: ICRA/Uno Minda Limited/31082023/2

Date: August 31, 2023

Mr. Sunil Bohra

Executive Director - Group CFO Uno Minda Limited Village Nawada Fatehpur P. 0. Sikanderpur Badda Manesar, Gurgaon 122004

Dear Sir,

Re: Surveillance of ICRA-assigned Credit Rating for Rs. 100.0 crore Commercial Paper (CP) Programme of Uno Minda Limited

Please refer to the Rating Agreement dated July 8, 2020 executed between ICRA Limited ("ICRA") and your Company, whereby, ICRA is required to review its rating(s), on an annual basis, or as and when the circumstances so warrant. Based on a review of the latest developments, the Rating Committee of ICRA, after due consideration has reaffirmed the short-term Rating of (ICRAJ Al+ (pronounced ICRA A one plus) ("Rating") for the captioned commercial paper programme. This Rating indicates very strong degree of safety regarding timely payment of financial obligations and carry lowest credit risk.

In any of your publicity material or other document wherever you are using the above Rating(s), it should be stated as [ICRA] A I+.

ICRA reserves the right to review and/or, revise the above Rating(s) at any time on the basis of new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the Rating(s). Therefore, request the lenders and Investors to visit ICRA website at www.icra.in for latest Rating(s) of the Company.

The Rating(s) are specific to the terms and conditions of the CP programme as indicated to us by you, and any change in the terms or size of the same would require a review of the Rating(s) by us. In case there is any change in the terms and conditions or the size of the rated CP, the same must be brought to our notice before the CP is used by you. In the event such changes occur after the Rating(s) have been assigned by us and their use has been confirmed by you, the Rating(s) would be subject to our review, following which there could be a change in the Rating(s) previously assigned. Notwithstanding the foregoing, any change in the over-all limit of the CP from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement.

Building No. 8, 2["'] ' Floor, Tower Tel.: +91.124 .4545300 Website: www.icra.in A CIN: Email: [email protected] DLF Cyber City, Phase II L 7 49999DL I 991PLC0427 49 Helpdesk: +91 9354738909 Gurugram - 122002, Haryana Registered Office: B-710. Statesman House, 148, Barakhamba Road, New Delhi 110001 Tel.:+91.11.23357940-45 RATING RESEARCH INFORMATION

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ICRA

The Rating(s) assigned must be understood solely as an opinion and should not be treated, or cause to be treated, as recommendation to buy, sell, or hold the rated CP availed/issued by your company.

Additionally, we wish to highlight the following with respect to the Commercial Paper Rating(s):

(a) The rating of the aforementioned instrument is based on the condition that total short-term borrowings (including CP, STD and bank borrowings) of the company at any given point of time should not exceed the company's drawing power or the bank sanctioned fund-based limits (whichever is lower).

(b) If the instrument rated, as above, is not issued by you within a period of3 months from the date of this letter, the Rating(s) would need to be revalidated before issuance.

(c) Once the instrument is issued, the rating is valid throughout the life of the captioned programme (which shall have a maximum maturity of twelve months from the date of the issuance of the instrument).

The Rating(s) is restricted to your CP programme size of Rs. 100.0 crore only. In case, you propose to enhance the size of the CP programme, the same would require to be rated afresh. ICRA does not assume any responsibility on its part, for any liability, that may arise consequent to your not complying with any eligibility criteria, applicable from time to time, for issuance ofCP.

You are also requested to forthwith inform us about any default or delay in repayment of interest or principal amount of the instrument rated, as above, or any other debt instruments/ borrowing and keep us informed of any other developments which may have a direct or indirect impact on the debt servicing capability of the company including any proposal for re-schedulement or postponement of the repayment programmes of the dues/ debts of the company with any lender(s) / investor(s). Further, you are requested to inform us immediately as and when the borrowing limit for the instrument rated, as above, or as prescribed by the regulatory authority(ies) is exceeded.

We shall be glad to be associated with rating of any future borrowing programme of your company.

With kind regards,

Yours sincerely,

For ICRA Limited

SRI KUMAR KRISHNAMURTHY

Digitally signed by SRI KUMAR KRISHNAMURTHY Date: 2023.08.31 12:29:28 +05'30'

Srikumar Krishnamurthy

Senior Vice President and Co-Group Head, Corporate Ratings k rikumar@icraindia. 0111

ICRA I

ICRA Limited

Ref: ICRA/Uno Minda Limited/31082023/3

Date: August 31, 2023

Mr. Sunil Bohra

Executive Director - Group CFO Uno Minda Limited Village Nawada Fatehpur P. 0. Sikanderpur Badda Manesar, Gurgaon 122004

Dear Sir,

Re: ICRA-assigned Credit Rating for Rs. 300.0 crore Non-Convertible Debentures (NCD) of Uno Minda Limited.

Please refer to your Rating Agreement dated August 9, 2023, requesting ICRA Limited ("ICRA") to assign Rating to the Non-Convertible Debenture of Rs. 300.0 crore of your company. The Rating Committee of ICRA, after due consideration, has assigned a long-term rating of[ICRA] AA+ (pronounced ICRA double A plus) to the captioned Non-Convertible Debenture (NCD) Programme ("Rating"). The Outlook on the long-term Rating is Stable. Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.

In any of your publicity material or other document wherever you are using the above Rating(s), .it should be stated as [ICRA) AA+(Stable).

The aforesaid Rating(s) will be due for surveillance any time before August 23, 2024. However, ICRA reserves the right to review and/or, revise the above Rating(s) at any time on the basis of new information becoming available, or the required information not being available, or other circumstances that ICRA believes could have an impact on the Rating(s). Therefore, request the lenders and Investors to visit ICRA website at www.icra.in for latest Rating(s) of the Company.

The Rating(s) are specific to the terms and conditions of the NCD as indicated to us by you, and any change in the terms or size of the same would require a review of the Rating(s) by us. In case there is any change in the terms and conditions or the size of the rated NCD, the same must be brought to our notice before the NCD is used by you. In the event such changes occur after the Rating(s) have been assigned by us and their use has been confirmed by you, the Rating(s) would be subject to our review, following which there could be a change in the Rating(s) previously assigned. Notwithstanding the foregoing, any increase in the over all limit of the NCD from that specified in the first paragraph of this letter would constitute an enhancement that would not be covered by or under the said Rating Agreement.

Building No. 8, 2"'[1 ] Floor, Tower A Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN: L749999DL1991PLC042749 Email: [email protected] Gurugram - 122002, Haryana Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11.23357940-41 RATING • RESEARCH • INFORMATION

ICRA I

ICRA Limited

Appendix-A

Instrument Details

Details of Bank Limits Rated Amount Amount by ICRA (Rated on Long- (Rs. crore) outstanding Term Scale) Crore) Non-Convertible Debenture300.0 0.0 Programme Total 300.0 0.0	Rating Rating Assigned (Rs. on [ICRA]AA+(Stable) August 24, 2023

Building No. 8, 2["'1 ] Floor, Tower A Tel.: +91.124 .4545300 Website: www.icra.in DLF Cyber City, Phase II CIN : L749999DL1991PLC042749 Email: [email protected] Gurugram- 122002, Haryana Helpdesk: +91 9354738909 Registered Office: B-710, Statesman House, 148, Barakhamba Road, New Delhi 110001. Tel. :+91.11 23357940-41 RATING • RESEARCH • INFORMATION

Website: www.icra.in Email: [email protected] Helpdesk: +91 9354738909

AI assistant

UNO Minda Limited — Capital/Financing Update 2023

61248_rns_2023-08-31_f07aaba3-bf89-4750-9050-17ab9b01dfbf.pdf