UNO Minda Limited — Capital/Financing Update 2023

Mar 20, 2023

Uno Minda Limited

(Formerly known as Minda Industries Ltd.)

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Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date : 20/03/2023

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

Sub: - Press Release

Dear Sirs,

Enclosed please find Press Release dated 20[th] March, 2023 titled “Uno Minda to consolidate 4W Alloy Business by acquiring Kosei stake in joint venture entities in India”.

The copy of the aforesaid Press Release is also available on the website of the Company www.unominda.com

This is for your information and record please.

Thanking you,

Yours faithfully, For Uno Minda Limited

Tarun Kumar Digitally signed by Tarun Kumar Srivastava Srivastava Date: 2023.03.20 18:09:00 +05'30'

Tarun Kumar Srivastava Company Secretary & Compliance Officer

Encl: As above.

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Uno Minda Limited (formerly known as Minda Industries Limited) CIN: L74899DL1992PLC050333, Regd. Office: B-64/1, Wazirpur lndustrial Area, Delhi-110052, (Corporate) Village Nawada Fatehpur, P.O. Sikanderpur Bodda, Manesar, Distt. Gurgaon, Haryana - 122004, INDIA T: +91 124 2290427/28, 2290693/94/96 Fax: +91 124 2290676/95, Email - info@unominda..com, www.unominda.com

1llt•11 [MINDA ][1] --C.:tlVINGI THEi NIIW-

Press Release

Uno Minda to consolidate 4W Alloy business by acquiring Kosei stake in joint venture entities in India

• Gurugram March 20, 2023 - Uno Minda Limited ("Uno Minda") (formerly known as Minda Industries Limited), a Tier-1 supplier of proprietary automotive solutions and systems to original equipment manufacturers ("OEMs") has announced that its Board has approved acquisition of 81.69 % stake in Kosei Minda Aluminum Company Private Limited ("KMA") and 49.90% stake in Kosei Minda Mould Private Limited ("KMM") from joint venture partner Kosei, Japan ("Kosei"). The acquisition is planned through composite scheme of merger with Uno Minda Ltd through swap of shares. The enterprise value of KMA and KMM considered for the purpose the transaction is~ Rs 60 Cr and ~Rs 11 Cr respectively.

While merger will be subject to various statutory authorities, Uno Minda will start managing the business and operations of these two entities with effect from p[t ] April 2023. The Company will also be entering into Technical license agreement with Kosei Japan for 10 years and shall be renewed thereafter with mutual consent of the Parties, to ensure continuity of technical support.

Mr Nirmal K Minda, CMD, Uno Minda Group said; "Kosei has been a very important partner in our growth journey in last few years where we have become the leading player in 4 W Alloy wheel player in the country facilitating self-reliance. The acquisition will further consolidate Uno Mind's leadership position in the segment. We are confident that we will scale this business to newer heights".

Sunil Bohra, CFO, Uno Minda Group said,

11We have been extremely positive on 4W Alloy wheel industry which is expected to grow around 4 times over next decade depending on increasing alloy wheel penetration coupled with vehicle volume growth. The proposed transaction is one more step towards gaining significant pie of this growing 4W Alloy wheel market, simplification of the group structure and to facilitate achievement of economies of scale. 11

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About Uno Minda Limited:

Uno Minda Limited (formerly Minda Industries Limited) is a leading global supplier of proprietary automotive solutions and systems to OEMs as Tier-1. Incepted in 1958, It is one of the leading manufacturers of automotive switching systems, automotive lighting systems, automotive acoustics systems, automotive seating systems and alloy wheels in India. It manufactures and supplies over 20 categories of automotive components and systems to leading Indian and international OEMs based in India, Asia, South and North America and Europe. It has a leadership position in India in almost all the products it manufactures. Technology and innovation are the two strong pillars of the organisation, on the basis of which it has continued to lead the emerging trends in the automotive sector, over the past few decades.

The Group is a global player in the automotive sector with overseas manufacturing facilities in Indonesia, Vietnam, Spain, and Mexico, as well as R&D Centres in India, Germany & Spain. It has over 72 manufacturing plants globally and has JVs/Technical Agreements with world renowned manufacturers from Germany, Korea, Japan etc.

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

For further information/Media queries please contact

AnkurModi Medha Rani Head - Corporate Finance & Communication Deputy Lead - Corporate Communication Uno Minda Limited Uno Minda Limited Email id: amodi@unominda.com Email id: mrani@unominda.com https ://twitter .com /u n om indacom https:/www.facebook.com/u nomi ndagroup 6 CJ https://www.linkedln.com/com pa ny/unom http://youtube.com/c/unomindagroup Inda a Im

Safe Harbor: This document may contain forward-looking statements about Uno Minda Ltd & its subsidiaries, which are based on the beliefs, opinions and expectations of the company's management as of the date of this press release and the companies do not assume any obligation to update their forward looking statements if those beliefs, opinions, expectations, or other circumstances should change, These statements are not the guarantees of future performance and involve risks and uncertainties that are difficult to predict. Consequently, readers should not place any undue reliance on such forward-looking statements. For historical financial performance, please refer Investor Relations section on the Company website www.unominda.com

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Tarun Kumar Digitally signed by Tarun Kumar Srivastava Srivastava Date: 2023.03.20 18:09:42 +05'30'