Minda Corp to Acquire 26% Stake in Sunsure Solarpark for ₹57.75 Lacs

Minda Corporation Ltd. has executed a Share Subscription Agreement to acquire a 26% equity stake in Sunsure Solarpark Sixteen Private Limited for a cash consideration of up to ₹57.75 Lacs (₹0.58 Crore). Sunsure Solarpark is engaged in setting up ground-mounted, grid-connected solar electric generating facilities. The acquisition aims to reduce Minda Corporation's power costs by transitioning to cost-effective and environmentally friendly solar and wind energy. The target entity reported a turnover of ₹963.75 Lacs and a loss after tax of ₹8.88 Lacs as of March 31, 2026. The transaction is expected to be completed in approximately 6 months and is not a related party transaction.