UNO Minda Limited — M&A Activity 2020

Feb 6, 2020

Ref. No: Z-IV/R-39/D-2/174 & 207 Date: 06 February, 2020

BSE Ltd.	ExchangeNationalStockofIndiaLtd.
Regd.Office:Floor25,-	Listing Deptt.,ExchangePlaza,
PhirozeJeejeebhoyTowers,	Complex,BandraKurla
DalalStreet,	(E),Bandra
Mumbai-400001.	Mumbai- 400051.
BSE Scrip: 532539	NSE Scrip: MINDAIND

Dear Sirs,

Sub: -Amalgamation of Minda !connect Private Limited (Transferor Company) with Minda Industries Limited (Transferee Company)

Pursuant to Regulation 30 read with Schedule Ill of the SEBI Listing Regulations, we wish to inform the Exchanges that the Board of Directors of Minda Industries Ltd ("the Board") at its meeting held on 6 February, 2020 have, inter alia, approved the Draft Scheme of Amalgamation ("Scheme").

The aforesaid Scheme under section 230 to 232 of the Companies Act, 2013, inter alia, provides for the Amalgamation of Minda iConnect Private Limited (Transferor Company) with Minda Industries Limited (Transferee Company)

In consideration for amalgamation of the Transferor Company with the Transferee Company, the shareholders of the Transferor Company shall receive equity shares of the Transferee Company as consideration for the proposed Scheme.

The Scheme is subject to necessary statutory and regulatory approvals under applicable laws and the approval of the shareholders, creditors and others.

Further, once the Scheme becomes effective, it is proposed to list the equity shares of the Company issued as consideration for the proposed Scheme on BSE Limited and National Stock Exchange of India Limited.

The Scheme as approved by the Board would be available on the website of the Company at www.unominda.com post submitting the same to the stock exchanges. ?sT ? ?i°(?vmh:IVb?, ................................ __:?== fH 0111111

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 F: +91124 2290676/95 Email: info@mindagroup.com, www.unominda.com Regd. Office: B-64/1, Wazirpur lndustriol Area, Delhi-110052 CIN No for Corporate: L74899DL 1992PLC050333

In terms of the Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015, we are furnishing herewith the details of the Scheme as Annexure I.

Thanking you,

Yours faithfully, For Minda Industries Limited

?/)\_0e1::,ca-v?·

Encl: Annexure 1

Annexure I - Amalgamation/ Merger

a)	oftheentity(ies)formingNameof thepartamalgamation/merger,detailsin briefsuchassize, turnoveretc.	MindaiConnectPrivateLimited1.Total30 September,INR 20.832019assetscroresason-- ·1NR 9.46forsix monthsendedTurnover30croresSeptember,2019Minda(Standalone)2.IndustriesLimited30th September,TotalINR2075.34assetscroresason-2019forSix MonthsTurnoverINR 1004.8endedcrores-30th September,2019forNineMonthsTurnoverINR1462.61crores-31st December,ended2019ThesharesofTransfereelistedCompanyareonNationalExchange LimitedStockandBSE Ltd.
b)	Whetherthewouldfallwithintransactionrelatedtransactions?If yes,whetherpartythelength"is done"arms'atsame	"arms'length"Yes, ThetransactionisandtheatcompanyreceivedfromRegisteredvaluationValuer.report
c)	of businessentity(ies)of theArea	TransferorTheCompanyaliaengagedin thebusinessis interofdevelopmentofsoftware,hardware,designing,mobilityinformationprogramminginautomotiveandtechnologyandprovidingproducts.automationsegmentTransferorBrandsandhavebeenCompanyI-ConnectCarat-leading telematics(Hardwareestablished.brandinIndiaasaSoftware);andTheTransfereeCompanyis interaliaengagedin thebusinessofandleadingsupplieristier1autocomponentsasolutionsproprietaryoriginalequipmentautomotivetomanufacturers.
d)	amalgamation/Rationaleformerger	TheTransferorCompanyandTransferee1.Companyareengagedbusiness;in autocomponentTransferor2.TheCompanyisinbusinessofdevelopmentofsoftware,hardware,designing,mobility andprogrammingin automotiveinformationtechnologyandprovidingautomationsegmentproducts.TransferorCompanyBrandandI Connect-leading telematicsCarathavebeenestablishedasa(HW andIT)brandin India

• 1. The Transferee Company desires to expand its business in automotive components and this amalgamation would lead to improved customer connect and enhanced market share across product segments relating to auto sector;
• 1. The Transferor Company's products like software, hardware, designing, programming in automotive mobility and information technology segment will synergize well with the product groups of the Company;
• 1. The amalgamation will help the Transferee Company to act as a gateway for growth and will ensure better operation management and expansion of business operations;
• 1. By this amalgamation and through enhanced base of product offerings, the Transferee Company would serve as One-stop solution for wide range of components I products to the original equipment manufacturers (OEMs) and others;
• 1. The proposed amalgamation of the Transferor Company with the Transferee Company in accordance with this Scheme would enable companies to realise benefits of greater synergies between their businesses and avail of the financial, managerial, technical, distribution and marketing resources of each other towards maximising stakeholder value;
• 1. Opportunities for employees of the Transferee Company and Transferor Company to grow in a wider field of business;
• 1. Improvement in competitive position of the Transferee Company as a combined entity and also access to marketing networks/customers;
• 1. The Scheme enables the Transferee Company to have I control over the operations of the Transferor Company;
• 1. The Scheme shall not in any manner be prejudicial to the interests of the concerned shareholders, creditors or general public at large.

e) In case of cash consideration - amount or otherwise share exchange ratio For amalgamation of the Transferor Company with the Company:-

	of theshareexchange ratioScheme,In termsmentionedin thetheTransfereeCompanyshallandallotequitysharesissuetotheeligible shareholdersof theTransferorCompanytheperasfollowing ratio:-10 (Ten) equityof MIL of INR 2 eachsharefully paid upfor(One HundredSeventyNine) equity179sharesofeveryfully paid upof INR10 eachMIPL
Briefdetailsofchangeshareholdingin(if any) of listedentitypattern	AmalgamationShareholdingPreof MindaIndustriesLtd.:
	Particulars	Pre-amalgamation
		of EquityNoshares	%
	Promoters		70.79%
	Public		29.21%
	Total		100.00%
	Particulars	?of EquityNoshares	%
	Promoters		70.83%
	Public	7,66,02,396	29.17%
	Total	26,26,26,901	100.00016
	*Kindly notethat,amalgamationshareholdingofpostpatternundergotheCompanychangebasedexercisemayauponI orESOP, if any,andtheoptionexercisingby theshareholdersof HaritaLimited,Limited,HaritaVenuPrivateHaritaCheemaPrivateLimited,FinancialHaritaServicesLimitedandHaritaSeatingSystemsLimitedeitherforEquity sharestooptoutorNon-ConvertibleRedeemablePreferencesharesofMindaIndustriesunderSchemeofAmalgamationofHaritaLimited(Transferor1),CompanyHaritaVenuPrivateLimited(TransferorCompany2),CheemaHaritaLimitedPrivate(TransferorCompany3),FinancialHaritaServicesLimited(Transferor4) andCompanyHaritaSeatingSystemsLimited5)TransferorCompanywithMindaIndustriesLimited(TransfereeCompany).TheapprovalofNCLTforaforesaidschemeis under
		AmalgamationPost	18,56,19,6727,65,97,29326,22,16,965Shareholdingof MindaIndustriesPost-amalgamation18,60,24,505