Minda Corporation Ltd

Minda Corporation Ltd has announced that its Board of Directors will convene on November 3, 2026, to consider and approve the standalone and consolidated un-audited financial results for the quarter and half-year ended September 30, 2026. Concurrently, the company will implement a trading window closure for designated persons from October 1, 2026, until 48 hours after the results are publicly disclosed, in compliance with SEBI (Prohibition of Insider Trading) regulations.

Minda Corporation Limited has executed a Share Subscription Agreement to acquire a 26% stake in Agganga Energy Private Limited for a cash consideration of up to ₹112.2 Lacs (₹1.12 Crore). Agganga Energy is engaged in the renewable energy sector, specifically in implementing, operating, and maintaining solar photovoltaic power plants. This strategic investment aims to reduce Minda Corporation's power costs by transitioning towards cost-effective and environmentally friendly solar and wind energy. The acquisition is expected to be completed in approximately six months. Agganga Energy, incorporated in 2025, reported negligible turnover and profit in its first year of operation (FY26). This transaction is not a related party transaction.

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.

Minda Corporation Limited (MCL) has acquired an additional 1.8 Crore equity shares in its subsidiary, Spark Minda-Toyodenso India Private Limited, for ₹18 Crores (Rupees Eighteen Crore Only). This acquisition was made pursuant to a Rights Issue and completed on October 5, 2026. The subsidiary is engaged in manufacturing and selling advanced automotive switches. The acquisition aims to support the growing operational and capital expenditure requirements of the subsidiary. Minda Corporation Limited's shareholding in Spark Minda-Toyodenso India Private Limited remains at 60% post-acquisition, as the shares were acquired in the same ratio as the rights issue.

Minda Corporation Limited has issued and allotted Commercial Papers (CPs) totaling ₹100 crores. The CPs have a face value of ₹5,00,000/- per security and were issued on September 29, 2026. They are set to be redeemed on December 28, 2026, with a discount rate of 6.6% per annum. The securities, identified by ISIN INE842C14255, have been listed on the National Stock Exchange of India Limited.

Minda Corporation Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from October 01, 2026, and will remain in effect until 48 hours after the declaration of the Un-audited Financial Results for the quarter and half-year ended September 30, 2026. The specific date for the Board meeting to approve these financial results will be communicated separately. This measure is standard practice to prevent insider trading during sensitive financial reporting periods.

Minda Corporation Ltd's Board of Directors approved the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹500 crore. The company also greenlit the incorporation of a wholly-owned subsidiary in China with an investment of up to USD 1 million. Additionally, the Board approved the sale of its investment in EVQ Point Solutions Private Limited. 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 ₹2000 plus taxes imposed by BSE for a one-day delay in filing the shareholding pattern for the quarter ended June 30, 2026.

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.

Minda Corporation's Board of Directors has approved a significant fundraising initiative through the issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹500 crore. This move aims to support various funding requirements. Additionally, the company will establish a wholly-owned subsidiary in China with an investment of up to USD 1 million. The Board also approved the sale of its 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 minor penalty for a one-day delay in filing its shareholding pattern with BSE.

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.