UNO Minda Board Approves FY26 Results, Final Dividend, and ₹2500 Crore Fundraising
UNO Minda's Board approved FY26 audited results and recommended a final dividend of ₹1.75 per share. They also approved seeking shareholder authorization to raise up to ₹2500 crores. An investment of ₹20 crores in UnoMinda EV Systems and approval for a ₹550 crore 4W-EV Powertrain project were also sanctioned.
The approval for raising ₹2500 crores, a substantial investment in the EV powertrain project, and the final dividend recommendation are material events that are likely to significantly impact the company's financial standing and future operations.
The company reported its financial results, recommended a final dividend, and approved significant fundraising and investment plans, including a new EV powertrain project, indicating positive future growth prospects.
UNO Minda Limited's Board of Directors, in a meeting held on May 16, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. The Board recommended a final dividend of ₹1.75 per share (87.5%), bringing the total dividend for FY26 to ₹2.65 per share (132.5%). Shareholders will vote on this at the upcoming Annual General Meeting (AGM), with the record date set for May 29, 2026.
Additionally, the Board approved the re-appointment of M/s Protiviti India Member Private Limited as Internal Auditors and M/s.R. Batliboi & Co. LLP as Statutory Auditors for a second five-year term, both for the financial year 2026-27. M/s Jitender Navneet & Co. were re-appointed as Cost Auditors for FY26-27.
The Board also resolved to seek shareholder approval at the ensuing AGM for an enabling resolution to raise funds up to ₹2500 crores through various securities for the company's growth strategy. Further, an investment of up to ₹20 crores will be made in the equity share capital of its wholly-owned subsidiary, UnoMinda EV Systems Pvt. Ltd. (UMEVS).
The company also approved the Detailed Project Report (DPR) for a 4W-EV Powertrain Project, with a total project cost of approximately ₹550 crores, to be undertaken by its subsidiary, Uno Minda Auto Innovations Private Limited (UMAIPL). An additional investment of approximately ₹310 crores in UMAIPL's equity capital is planned over the next two years.
Finally, the Board approved a change in the consideration amount for the acquisition of an additional 19% equity stake in Minda Onkyo India Private Limited, revising the per-share price to ₹0.68.
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