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Auto Components & Equipments
Business Update22 May 2026, 07:01 pm

Minda Corp Amends Shareholder Agreement with Vehicle Access Systems

AI Summary

Minda Corporation Ltd. has signed the First Amendment Agreement on May 22, 2026, with Vehicle Access Systems Technology LLC, U.S.A, and Minda Vast Access Systems Private Limited to amend the terms of the original Shareholder Agreement dated April 30, 2015. Effective from April 1, 2026, the amendment grants Minda Corporation Limited control over the Joint Venture Company, Minda Vast Access Systems Private Limited. Both Minda Corporation Ltd. and Vehicle Access Systems Technology LLC, U.S.A hold 50% shares each in Minda Vast Access Systems Private Limited.

Key Highlights

  • Minda Corp amends shareholder agreement with Vehicle Access Systems.
  • Amendment effective April 1, 2026, grants Minda Corp control over JV.
  • Both entities hold 50% shares in Minda Vast Access Systems Private Limited.