StockWatch
·
Auto Components & Equipments
Board Meeting3 Nov 2026, 04:26 pm

Minda Corp Board Approves ₹37 Cr Investment in JV, Director Changes

AI Summary

Minda Corporation Ltd's Board of Directors met on November 3, 2026, approving the standalone and consolidated un-audited financial results for the quarter and half-year ended September 30, 2026. The company also approved an additional investment of up to ₹37 Crores in its joint venture, Minda HCMF Technologies Private Limited, increasing its total investment to approximately ₹60 Crores. The board noted the completion of tenure for Independent Director Mrs. Pratima Ram and approved the appointment of Mrs. Rachna Nath as an Additional Independent Director, effective November 10, 2026. Mr. Ravi Sud was appointed Lead Independent Director. Committee re-constitutions were also approved.

Key Highlights

  • Approved Q3 FY27 unaudited financial results.
  • Additional investment of up to ₹37 Crores in Minda HCMF JV.
  • Independent Director Mrs. Pratima Ram completes tenure.
  • Mrs. Rachna Nath appointed as Additional Independent Director.
  • Mr. Ravi Sud appointed as Lead Independent Director.