UNO Minda Board Approves Q2 FY27 Results, Sunroof Expansion, and Key Management Changes
UNO Minda approved Q2 FY27 results. The company sanctioned a ₹85 crore investment for Sunroof capacity expansion at Bawal, Haryana, expected by Q2 FY28. Key management changes include Nitesh Minda as CEO-SCS Domain designate, Kartikeya Joshi as CMO, and Amit Jain as CGTO.
The approval of quarterly results, a substantial capital expenditure for capacity expansion, and key leadership changes are all material events that can significantly impact the company's future performance and investor sentiment.
The company announced positive financial results and a significant capital investment for expansion, coupled with strategic management changes that indicate growth and restructuring.
UNO Minda Limited announced the outcome of its Board Meeting held on November 05, 2026. The Board approved the Un-audited Financial Results (Standalone & Consolidated) for the Quarter and Half Year ended September 30, 2026.
Additionally, the company approved an additional capital investment of approximately ₹85 crore towards expanding its Sunroof manufacturing capacity at Bawal, Haryana. This expansion aims to cater to growing customer orders and increasing demand for advanced sunroof systems in the Indian passenger vehicle market, with commissioning expected by Q2 FY28.
The Board also approved significant changes in Senior Managerial Personnel. Mr. Nitesh Minda has been appointed as Chief Executive Officer (Designate)-SCS Domain, effective November 05, 2026, and will transition to the role of CEO - SCS Domain upon the retirement of Mr. A.G. Giridharan. Mr. Kartikeya Joshi has been elevated to the role of Chief Marketing Officer (CMO), effective November 05, 2026. Mr. Amit Jain has been redesignated as Group Chief Growth and Technology Officer (CGTO), expanding his responsibilities to include Corporate Manufacturing Excellence, Digital, and Strategy functions, in addition to his existing roles in Technology, R&D, and 4W EV business.
The Board Meeting commenced at 11:45 AM and concluded at 12:35 PM.
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