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Board Meeting13 Aug 2026, 01:32 pm

Minda Corp Approves Q1 FY27 Results & ₹18 Cr Investment

AI Summary

Minda Corporation Limited's Board of Directors met on August 13, 2026, to approve the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved an additional investment of up to ₹18 Crores in Spark Minda Toyodenso India Private Limited, a joint venture with Toyo Denso Co., Ltd., Japan. This investment will increase Minda Corporation's total stake in the JV to ₹60 Crores. The company also confirmed an unmodified opinion from its statutory auditors, S.R. Batliboi & Co. LLP, on the financial results. The meeting commenced at 11:20 a.m. and concluded at 01:15 p.m. The financial results and related reports will be available on the company's website.

Key Highlights

  • Board approved Q1 FY27 un-audited financial results.
  • Additional investment of up to ₹18 Crores approved for JV.
  • Total investment in JV to increase to ₹60 Crores.
  • Statutory auditors issued an unmodified review report.
  • Results to be available on the company website.