Uno Minda Share Price: Uno Minda Limited revealed the major decisions taken in its board meeting on Saturday. These decisions include leadership appointments, Employees Stock Options Scheme (ESOP) launch and investment of Rs 6.25 crore in solar energy. The board has approved the re -appointment and appointment as the Executive Chairman (Executive Director) of Minda of Nirmal. His appointment will be effective from April 1, 2025 to 31 March 2027. However, it is subject to the approval of shareholders. Ravi Mehra has also been again appointed and has been made Managing Director for the said period, which is under the approval of shareholders.
To strengthen the company’s board, Shekhar Vishwanathan and Abhay Damle have been appointed as Additional Director (Non-Executive Independent Director) for a two-year period starting from April 1, 2025. Their appointment will be effective from April 1, 2025, which will be subject to the approval of shareholders.
ESOP approval to maintain and reward talent
Under the approval of shareholders, the board has approved the Uno Minda Employees Stock Options Scheme 2025. The scheme aims to maintain and motivate the talent by providing stock options to the eligible employees of Uno Minda and its group companies.
Investment in renewable energy
The company also approved investment in a special utility vehicle (SPV) Employees Employees Private Limited for solar energy sources. The company will invest Rs 6.25 crore to get a 9.75% stake in SPVO. This will make it possible for open access to solar energy.
Nitesh Minda has been again appointed as Chief Marketing Officer. He will be part of the company’s senior management from 1 April 2025.
The board has also approved amendment to the code of conduct and procedures for fair disclosure of unpublished value sensitive information, which will be effective from March 30, 2025.
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