Board Meeting24 Sept 2026, 10:18 pm
Minda Corp Approves ₹500 Cr NCD Issue, China Subsidiary
AI Summary
Minda Corporation Ltd's Board of Directors approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹500 crore. The company also greenlit the incorporation of a wholly-owned subsidiary in China with an investment of up to USD 1 million. Additionally, the Board approved the sale of its investment in EVQ Point Solutions Private Limited. Ms. Meenal Bansal was appointed as Company Secretary & Compliance Officer, and Mrs. Geetika Mishra as Chief Procurement Officer. The Board also noted a penalty of ₹2000 plus taxes imposed by BSE for a one-day delay in filing the shareholding pattern for the quarter ended June 30, 2026.
Key Highlights
- Board approves raising up to ₹500 crore via Non-Convertible Debentures.
- Company to establish a wholly-owned subsidiary in China with USD 1 million investment.
- Approval granted for the sale of investment in EVQ Point Solutions Pvt. Ltd.
- New appointments: Ms. Meenal Bansal (Company Secretary) and Mrs. Geetika Mishra (Chief Procurement Officer).
- Board noted a penalty of ₹2000 for a minor delay in shareholding pattern filing.
Price Impact
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