UNO Minda Limited — Capital/Financing Update 2024

Jun 5, 2024

(§() MINDA]

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Uno Minda Limited

(Formerly known as Minda Industries Limited)

--C�IVING THE Nev,r-

Ref. No. Z-IV/R-39/D-2/NSE/207 & 174 Date: June OS, 2024

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: 532539

Sub:- Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) " " - Regulations, 2015, as amended ( SEBI Listing Regulations ) Technical License Agreement with Suzhou lnovance Automotive Company Limited ("lnovance Automotive")

Dear Sirs,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with Sub-Para 2 of Para B of Part A of Schedule Ill we would like to inform you that the Board of Directors of the Company has, at its meeting held Tocfay i.e., Wednesday, June 05, 2024 granted its approval for the Company to enter into Technical License Agreement with Suzhou lnovance Automotive Company Limited ("lnovance Automotive"), which pertains to development and manufacturing of High Voltage Category of 4W PV & CV EV Powertrain Products like Combined Charging Units, E Axle, Inverter, Motors etc.

The Board also in-principally agreed to enter into Joint Venture with the said party and setup a Joint Venture Company, subject to necessary approvals.

Further, the detailed disclosure pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure-I and Annexure-11.

The Board Meeting commenced at 04:30 p.m. and concluded at 5.40 p.m.

Please take the same on your records.

Thanking you.

Yours faithfully,

For Uno Minda Limited

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{Formerly known as Minda Industries Limited)
Digitally signed by
TARUN KUMAR TARUN KUMAR
SRIVASTAVA
� R "'�Ct � h,,.. SRIVASTAVA Date: 2024.06.05 17:46:00 +05'30'
Tarun Kumar Srivastava
Company Secretary & Compliance Officer
M. No.11994
Place: Manesar, Gurugram
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www.unominda.com Regd. Office: B-64/1, Wazirpur Industrial Area, Delhi - 110052 CIN No.: L74899DL1992PLC050333 Uno Minda Limited (Formerly known as Minda Industries Limited) Corporate Offfce: Village Nawada Fatehpur, P.O. Sikanderpur Badda, 2290693/94/96 F: +91 1�4 2290676/95 Email: info@unominda.com Manesar, Distt. Gurgaon, Haryana - 122004, INDIA. T: +91 124 2290427/28,

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Uno Minda Limited (Formerly known as Minda Industries Limited)

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--C�IVING THE NEW--
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--C�IVING THE NEW--

Annexure-1

Disclosure under Sub-Para (2) of Para B of Par A of Schedule Ill to the·Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

S. No. 1	Pariculars Name of the entity(ies) agreement/JV is signed	Pariculars	Details	Details
			withwhom Suzhou lnovance Automotive Company Limited("lnovance Automotive")
2	Area of agreement/JV		4W PV & CV Electric Vehicle Powerrain Products
3	Domestic/I nternationa I			Domestic
4	Share exchange ratio / JV ratio Not Applicable
5	Scope of business operation of TechnicalLicense in Indiafor Local agreement_I_JV Manufacturing and Supply of4WEV ' Powertrain Products
6	Details of consideration paid / received in agreementIJV			~~.~~ Royalty
7	Significant terms and conditions of Exclusive License in India for development, agreement / JV in brief manufacturing and sale of High Voltage Category of 4W PV & CV EV Powertrain Products like Combined Charging Units, E
	Axle,Inverer,Motors etc. Whether the acquisition would fall within Promoters / Promoter group does not have related party transactions and whether the any interest, hence Not Applicable. promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length" Size of the entity(ies) Turnover of lnovance Automotive is approx. 9 BillionCNYinFY2023.lnovance Automotive is a part of lnovance whose Turnover is approx. 30 Billion CNY in FY 2023. Rationale and benefit expected Localization of High Technology EV Components in India. In the event that any such arrangement is Not Applicable called off for any reason, the same shall be disclosed along with the reasons for calling off theproposal.
8
	related party transactions and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at "arm's length"
9
10	Rationale and benefi
11

TARUN KUMAR Digitally signed by TARUN KUMAR SRIVASTAVA SRIVASTAVA Date: 2024.06.05 17:46:25 +05'30'

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Manesar, Uno Minda Umited (Formerly known as Minda Industries Limited) Corporate Office: Village Nawada Fatehpur, P.O. S�ka_nderpur Ba�da, oi&.�i i1;O2004, INDIA. T: +91 124 2290427/28, 2290693/94/96 f: +91 1�4 2290676/95 Ema1l:·1nfo@unom1nda.com www.unominda.com Regd. Office: 8-64/1, Wazirpur Industrial Area, Delhi - 1 1 0052 CIN No.: L7 4899DL 1992PLC050333

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Uno Minda Limited

(Fonnerly known as Minda Industries Limited)

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-Orl VING THE NEW--
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-Orl VING THE NEW-- Annexure-11

Disclosure under sub-para (5) of Para A of Par A of Schedule Ill to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Obligations and Disclosure Requirements) Regulations, 2015	Obligations and Disclosure Requirements) Regulations, 2015
s. No. 1 2 3 4 5 Details of events that need to be provided Name(s) of parties with whom the agreement is entered; Purpose of entering into the agreement; Shareholding, if any, in the entity with whom the agreement is executed; 4 significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.; whether, the said parties are related to promoter/promoter group/ group companies in any manner. If yes, nature of relationship; The Board has provided its in-principle approval to enter into a Joint Venture with Suzhou lnovance Automotive Company Limited ("lnovance Automotive") or any of their afiliates subject to necessary approvals. The Joint Venture agreement is yet to be finalized and executed. To enter into Joint venture and to incorporate a Joint Venture Company to manufcture EV Products. Yet to be decided , Yet to be decided The said party is not related to promoter/promoter group/ group companies of Uno Minda Limited in any
	manner.
6 whether the transaction would fall within related party transactions? If yes, whether the No
7 8 9 same is done at "arm's length"; in case of issuance of shares to the parties, details of issueprke,class of shares issued; any otherdisclosuresrelated tosuch agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interestarisingout ofsuch agreements,etc.; in case of termination or amendment of agreement, listed entity shalldisclose additional details to the stock exchange(s): a) name of parties to the agreement; b) nature of the agreement; c) date of execution of the agreement; d) details of amendment and impact thereof or reasons of termination and impact thereof. Not Applicable Yet to be decided. Not Applicable � �P,v Q �C * TARUN KUMAR SRIVASTAVA Digitally signed by TARUN KUMAR SRIVASTAVA Date: 2024.06.05 17:46:46 +05'30'

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www.unominda.com Regd. Office: B-64/1 , Wazirpur Industrial Area, Delhi - 11 0052 CIN No.: L7 4899DL 1992 PLC050333 Uno Minda Limbed (Formerly known as Minda Industries Umited) Corporate Office: Village Nawada Fatehpur, P.O. Sikanderpur Badda, Manesar, Distt. Gurgaon, Haryana - 122004, INDIA. T: +91 124 2290427/28, 2290693/94/96 F: +91 1�4 2290676/95 Email: info@unominda.com