Uno Minda Limited on Saturday unveiled key decisions from its Board Meeting including leadership appointments, the launch of an Employee Stock Option Scheme (ESOP), and a ₹6.25 crore investment in solar energy.

The Board has approved the re-designation and appointment of Nirmal K Minda as Executive Chairman (Executive Director), effective April 1, 2025, to March 31, 2027, subject to shareholder approval. Ravi Mehra has also been re-designated and appointed as Managing Director for the same period, pending shareholder approval.

To strengthen the Board, Shekar Viswanathan and Abhay Damle have been appointed as Additional Directors (Non-Executive Independent Directors) for a two-year term starting April 1, 2025, subject to shareholder approval. Additionally, Paridhi Minda and Pallak Minda have been appointed as Additional Directors (Non-Executive Directors), effective April 1, 2025, pending shareholder approval.

ESOP approval to retain and reward talent

The Board has approved the Uno Minda Employee Stock Option Scheme 2025, subject to shareholder approval. The scheme aims to grant stock options to eligible employees of Uno Minda and its group companies to enhance talent retention and motivation.

Investment in renewable energy

The company also approved an investment in Amplus Ampere Private Limited, a Special Purpose Vehicle (SPV) for sourcing solar energy. The company will invest ₹6.25 crore to acquire a 9.75% stake in the SPV, enabling captive open access to solar power.

Nitesh Minda has been re-designated as Chief Marketing Officer and will be part of the company’s Senior Management Personnel, effective April 1, 2025.

The Board has also approved a revision in the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information, effective March 30, 2025.