News ArticleUno Minda Limited Approves Rs. 85 Crore Sunroof Manufacturing Expansion and Reports Q2 FY27 Financial Results
Expansion to address increasing demand with commissioning expected by Q2 FY28; key senior management appointments announced
Uno Minda Limited announces an additional Rs. 85 crore capital investment to expand sunroof manufacturing capacity at Bawal, Haryana, targeting commissioning by Q2 FY28. The company also reports unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, and announces key senior management changes effective November 5, 2026.
Uno Minda Limited
Capacity Expansion
Uno Minda Limited announced approval of a Rs. 85 crore capital investment to expand its sunroof manufacturing capacity at Bawal, Haryana, with commissioning targeted for Q2 FY28. Concurrently, the company disclosed its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, and appointed key senior executives effective November 5, 2026.
The Rs. 85 crore investment aims to meet increasing customer orders and growing demand for advanced sunroof systems in the Indian passenger vehicle market. The expansion at Bawal is expected to be operational by Q2 FY28.
Unaudited financial statements for the quarter and half year ended September 30, 2026, have been reviewed and approved, with reports issued by independent auditors. These include standalone and consolidated results incorporating the company's share of profits from partnership firms.
Key changes in senior management effective November 5, 2026, include Mr. Nitesh Minda’s appointment as Chief Executive Officer (Designate) of the SCS Domain, scheduled to succeed Mr. A.G. Giridharan upon his retirement. Mr. Kartikeya Joshi has been elevated to Chief Marketing Officer, and Mr. Amit Jain has been re-designated as Group Chief Growth and Technology Officer with expanded responsibilities.
The company ensured a smooth transition through collaborative work between outgoing and incoming executives to maintain leadership continuity in the SCS Domain. These changes were approved upon recommendation from the Nomination and Remuneration Committee.
Highlights
- Approved Rs. 85 crore additional capital investment to expand sunroof capacity at Bawal, Haryana.
- Expansion targets increased customer orders and rising demand for advanced sunroof systems in Indian passenger vehicles.
- Commissioning of expanded capacity expected by Q2 FY28.
- Unaudited standalone and consolidated financial results reviewed for quarter and half year ended September 30, 2026.
- Mr. Nitesh Minda appointed CEO (Designate) - SCS Domain, succession planned upon retirement of current CEO Mr. A.G. Giridharan.
- Mr. Kartikeya Joshi promoted to Chief Marketing Officer effective November 5, 2026, leading group marketing functions.
Key Data Snapshot
What happened
- The Board approved an Rs. 85 crore capital investment to expand sunroof manufacturing capacity at the Bawal plant to meet increased demand.
- Unaudited standalone and consolidated financial results for Q2 and half year ended September 30, 2026, were reviewed and approved.
- Senior management changes include appointment of Mr. Nitesh Minda as CEO (Designate) of the SCS Domain, promotion of Mr. Kartikeya Joshi as Chief Marketing Officer, and re-designation of Mr. Amit Jain as Group Chief Growth and Technology Officer.
Key details
- The sunroof capacity expansion targets incremental customer orders and growing demand in Indian passenger vehicles.
- Commissioning of the new capacity is scheduled by Q2 FY28.
- Mr. Nitesh Minda will succeed Mr. A.G. Giridharan as CEO of the SCS Domain upon the latter’s retirement.
- Mr. Amit Jain's new role includes overseeing Technology, R&D, 4W EV business, Corporate Manufacturing Excellence, Digital, and Strategy functions.
Regulatory and governance context
- The financial results and management changes are disclosed pursuant to SEBI Listing Regulations (Regulation 30, 33, 51, 52).
- Independent limited review reports accompany the unaudited financial results.
- Management succession was recommended by the Nomination and Remuneration Committee and approved by the Board.
Highlights
- Approved Rs. 85 crore additional capital investment to expand sunroof capacity at Bawal, Haryana.
- Expansion targets increased customer orders and rising demand for advanced sunroof systems in Indian passenger vehicles.
- Commissioning of expanded capacity expected by Q2 FY28.
- Unaudited standalone and consolidated financial results reviewed for quarter and half year ended September 30, 2026.
- Mr. Nitesh Minda appointed CEO (Designate) - SCS Domain, succession planned upon retirement of current CEO Mr. A.G. Giridharan.
- Mr. Kartikeya Joshi promoted to Chief Marketing Officer effective November 5, 2026, leading group marketing functions.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Regulations 30, 33, 51 and 52
- SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026
Source Information
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