UNO Minda Board Approves Management Changes and ₹75 Crore Renewable Energy Investment
Uno Minda's Board approved senior management changes effective April 1, 2026, including new CEO and CSO appointments. The company will invest up to ₹750.20 lacs (75.02 crore) in SPVs for renewable energy sourcing, aiming to increase solar and wind power consumption. The investment is expected to be completed by Q2 FY26-27.
The changes in senior management are strategic and the investment in renewable energy, while significant, is a part of operational efficiency and sustainability efforts, which are important but may not have an immediate, drastic impact on the company's financials.
The announcement details positive developments including management changes aimed at strategic growth and a significant investment in renewable energy, which aligns with ESG goals and operational efficiency.
Uno Minda Limited announced significant outcomes from its Board of Directors meeting held on March 30, 2026. The Board approved changes in senior management personnel, effective April 1, 2026. Mr. Rakesh Kher will transition from CEO-After Market Domain to Chief Strategy Officer (CSO) & Advisor-Aftermarket Domain. Mr. Vishal Kaul, currently Business Head-Aftermarket Domain, has been elevated to Chief Executive Officer (CEO) - Aftermarket Domain. Additionally, Mr. Vishnu Johri will move from Dy. CEO-LAS Domain to Chief Operating Officer (COO)-4W lighting and Asean Region.
Furthermore, the Board sanctioned an investment of up to ₹750.20 lacs (75.02 crore) in Special Purpose Vehicles (SPVs) for sourcing power through renewable energy sources like wind and solar. This investment will be made by the Company and its subsidiaries, Uno Mindarika Pvt. Ltd. and Uno Minda Kyoraku Ltd., in one or more tranches. The SPVs, including Hexa Energy MH7 Private Limited, RC Green Powers Private Limited, Hexa Energy MH11 Private Limited, and Hexa Energy MH2 Private Limited, are engaged in renewable energy generation. The objective is to increase power consumption through renewable energy for their units located in Haryana and Tamil Nadu. The indicative time period for the completion of this investment is up to Q2 of FY 2026-27.
The Board meeting commenced at 12:00 noon and concluded at 01:45 P.M. on March 30, 2026.
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UNO Minda Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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