Board Meeting24 Sept 2026, 10:18 pm
Minda Corp Board Approves ₹500 Cr NCDs, China Subsidiary
AI Summary
Minda Corporation Ltd's Board of Directors approved the issuance of Non-Convertible Debentures (NCDs) up to ₹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. and appointed Ms. Meenal Bansal as Company Secretary & Compliance Officer and Mrs. Geetika Mishra as Chief Procurement Officer. The company 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 ₹500 Cr NCD issuance for funding.
- Company to establish a wholly-owned subsidiary in China.
- Investment in EVQ Point Solutions Pvt. Ltd. to be sold.
- New Company Secretary and Chief Procurement Officer appointed.
- Penalty of ₹2000+ taxes for delayed shareholding pattern filing.
Price Impact
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