Approach to Reporting

In an effort to enhance the transparency, accuracy, precision, and appropriateness of our stakeholder communications, Uno Minda embarked on the journey of Integrated Reporting (IR) in 2021. This current report represents our third edition, underscoring our commitment to the ongoing development of more comprehensive integrated reports in subsequent cycles.

Aligned with the latest guidelines set forth by the Value Reporting Foundation, known as the Integrated Reporting (IR) framework, this report adheres to a disclosure approach focussed on key material elements to effectively engage with all stakeholders on pertinent issues. We remain dedicated to incorporating additional approaches to further enhance the effectiveness of our stakeholder communications.

A few datasets outlined in the Report comprise management estimates, with pertinent approximations duly noted. The statutory reports, including the Management Discussion and Analysis (MD&A), Director's Report, Corporate Governance Report, and Business Responsibility & Sustainability Report (BRSR), adhere to the stipulations of the Companies Act 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, and regulatory Secretarial Standards.

Reporting Period

1 April 2023 - 31 March 2024

Financial and Non-Financial Reporting

The information mentioned in the Report goes beyond the financial reports which are covered under compliance reporting. The Report describes non-financial performance, risk management strategies, stakeholder management frameworks, and long-term value creation perspectives.

Reporting Boundary

The consolidated financial statements include all subsidiaries, joint ventures, and associates of the Uno Minda Group. However, the contents under sections Planet, People, and Process cover information with respect to Uno Minda Limited, its subsidiaries, joint ventures and associates located within India. Further, non financial information is excluded for Toyoda Gosei Minda India Private Limited, Toyoda Gosei South India Private Limited, Tokai Rika Minda India Private Limited, CSE Dakshina Solar Private Limited, Stronsgun Renewables Private Limited, partnership firms, and entities outside India. Numbers and narratives quoted in rest of the document, represent entire Uno Minda group Operations

The Group's consolidated financial statements are prepared in accordance with Indian Accounting Standards (Ind AS) as specified under the Companies (Indian Accounting Standards) Rules, 2015, and subsequent amendments. These statements adhere to the presentation requirements of Division II of Schedule III of the Companies Act, 2013 (Ind AS compliant Schedule III) as relevant to consolidated financial statements.

These consolidated financial statements encompass the financial data of the parent Company and its subsidiaries, associates, and joint ventures. Control is established when the Group is exposed or entitled to variable returns from its engagement with an investee and can influence those returns through its authority over the investee. The assets, liabilities, income, and expenses of a subsidiary acquired or disposed of within the fiscal year are incorporated into the consolidated financial statements from the point of control acquisition until control is relinquished.

To ensure consistency, consolidated financial statements are formulated using uniform accounting policies for comparable transactions and events under similar conditions. If any Group member employs different accounting policies for similar transactions and events, necessary adjustments are made to align that member's financial statements with the Group's accounting policies during the consolidation process.

Business combinations are accounted for using the acquisition method. However, business combinations involving entities or businesses that are ultimately controlled by the same party or parties before and after the combination, and where such control is not temporary, are accounted for using the pooling of interest’s method. When the Group loses control over a subsidiary, it derecognises the subsidiary's assets and liabilities at their carrying values as of the date control is lost. A uniform approach is consistently applied across the Group for consolidation, in strict accordance with applicable IND AS standards.

Statutes, Framework, Guidelines, and

Assurance of Financial Statements

Assurance on financial statements has been provided by independent auditors, S.R. Batliboi & Co. LLP.

Responsibility Statement

Uno Minda Group recognises the paramount importance of Environmental, Social, and Governance (ESG) factors in driving sustainable business practices and fostering long-term value creation. Our commitment to ESG principles is integral to our corporate strategy and is reflected in our Integrated Report.

In our Integrated Report, other than financial disclosures, we provide transparent and comprehensive disclosures on our ESG performance, highlighting our achievements, challenges, and future commitments. By integrating ESG considerations into our business strategy and reporting practices, Uno Minda Group reaffirms its dedication to responsible corporate citizenship and creating value for all stakeholders. The information presented in this report has been meticulously verified and is affirmed by the management and the Board of Uno Minda Group to the best of their knowledge.

Standards

This report has been prepared in accordance with the Integrated Reporting framework published by the International Financial Reporting Standards Foundation (IFRS). Additionally, this report has been prepared in accordance with the following statutes, frameworks, guidelines and standards:

• The Companies Act, 2013 and the rules framed thereunder

• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

• Indian Accounting Standards

• Secretarial Standards issued by the Institute of Company Secretaries of India

• National Guidelines on Responsible Business Conduct (NGRBC)

• Business Responsibility and Sustainability Reporting (BRSR)

This report is aligned to the following Standards and Frameworks

• Global Reporting Initiative (GRI) Standards 2021

• United Nations' Sustainable Development Goals (UN SDGs)

Operations and Businesses

This report covers the financial, operational, strategic, and non-financial performance of Uno Minda Group. It includes the performance of all our plants based in India, our Indian subsidiaries, and our corporate offices. The environmental performance data disclosed in the report only covers our manufacturing plant , covering operations in India. The social data disclosed additionally covers our corporate offices.