Board Meeting24 Sept 2026, 10:18 pm
Minda Corp Approves NCDs, China Subsidiary, and Investment Sale
AI Summary
Minda Corporation Ltd's Board of Directors approved the issuance of Non-Convertible Debentures (NCDs) up to Rs. 500 crore and the incorporation of a wholly-owned subsidiary in China with an investment of up to USD 1 million. The board also approved the sale of investment in EVQ Point Solutions Pvt. Ltd., a step-down associate company. Additionally, 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 Rs 2000 plus taxes for a one-day delay in filing the shareholding pattern with BSE.
Key Highlights
- Board approves NCD issuance up to Rs. 500 crore.
- Wholly-owned subsidiary to be incorporated in China.
- Investment in step-down associate EVQ Point Solutions to be sold.
- New Company Secretary and Chief Procurement Officer appointed.
- Penalty noted for delayed shareholding pattern filing with BSE.
Price Impact
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