Uno Minda Approves INR 6.50 Crore Investment in Renewable Energy SPV
Filing Summary
Uno Minda Limited’s Mergers & Acquisitions Committee has approved an investment of up to INR 6.50 crores in M/s. Hexa Sunshine Private Limited, a Special Purpose Vehicle (SPV) focused on renewable energy. The investment will be made in one or more tranches, with Uno Minda contributing INR 5.25 crores and its subsidiary, Uno Minda Kyoraku Ltd., contributing INR 1.25 crores. The SPV aims to source wind and solar energy for Uno Minda’s units in Gujarat. The acquisition is expected to be completed by the third quarter of the 2026-27 fiscal year.
Uno Minda Limited has announced that its Mergers & Acquisitions Committee has approved an investment in the equity shares of M/s. Hexa Sunshine Private Limited, a Special Purpose Vehicle (SPV). The investment, totaling up to INR 6.50 crores, will be made by Uno Minda and its subsidiary, Uno Minda Kyoraku Ltd. The decision was made during a committee meeting held on January 19, 2026.
The financial commitment involves INR 5.25 crores from Uno Minda and INR 1.25 crores from Uno Minda Kyoraku Ltd. The investment will be executed in one or more tranches. The funds are allocated for acquiring up to 30% equity in the SPV, based on the proportionate capacity allocated to the company and its subsidiary. The investment is structured as a cash transaction.
The SPV, M/s. Hexa Sunshine Private Limited, is engaged in setting up, generating, and distributing renewable energy from its power plants in India. The primary objective of this acquisition is to facilitate the sourcing of renewable power, specifically solar and wind energy, for Uno Minda’s units located in Gujarat. This aligns with the company’s strategy to increase its share of power consumption through renewable energy sources.
According to the filing, no governmental or regulatory approvals are required for this acquisition. The completion of the investment is anticipated by the third quarter of the 2026-27 fiscal year. The SPV was incorporated on April 16, 2024, and reported no turnover for the fiscal year 2024-25.
The committee meeting where this decision was made commenced at 10:30 A.M. and concluded at 11:00 A.M. The detailed disclosure related to this investment is available on the company’s website and has been submitted to the National Stock Exchange of India Ltd. and BSE Ltd. as per regulatory requirements.
Uno Minda Limited is a leading supplier of proprietary automotive solutions to original equipment manufacturers. The company focuses on expanding its product portfolio and enhancing its technological capabilities to meet the evolving needs of the automotive industry. Uno Minda is committed to sustainability and innovation in its operations.