Minda Corporation Ltd

Minda Corporation Limited (MCL) has acquired an additional 2,50,00,000 equity shares, amounting to ₹25 Crores, in its wholly-owned subsidiary, Spark Minda Green Mobility Systems Private Limited. This acquisition, made through a rights issue on July 19, 2026, aims to maintain MCL's 100% shareholding and provide growth capital for the subsidiary. Spark Minda Green Mobility Systems operates in the automotive parts and components sector, aligning with the parent company's business strategy. The transaction was conducted at par value for cash and does not alter MCL's ultimate shareholding, which remains at 100%.

Minda Corporation Limited has announced the issuance and allotment of Commercial Papers totaling INR 100 crores. The issuance took place on July 15, 2026, with a redemption date set for September 22, 2026. The face value per security is INR 5,00,000, and the discount rate is 7.10% per annum. The Commercial Paper, identified by ISIN INE842C14222, has been listed on the National Stock Exchange of India Limited. This move indicates the company's access to short-term debt financing.

Minda Corporation Limited has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in effect from July 01, 2026, and will continue until 48 hours after the declaration of the company's financial results for the quarter ending June 30, 2026. The specific date for the Board meeting to approve these financial results will be communicated in due course. This measure is standard practice to prevent insider trading ahead of financial disclosures.

Minda Corporation Limited has confirmed the redemption and full payment of interest and principal for its Commercial Papers worth ₹200 crores. The Commercial Papers, identified by ISIN INE842C14206, were issued on May 06, 2026, and have been fully redeemed on June 22, 2026, in compliance with SEBI circular number SEBI/HO/DDHS/P/CIR/2021/613 dated April 13, 2022. This action signifies the company's fulfillment of its debt obligations.

Minda Corporation Ltd has announced the record date for the redemption of its Commercial Papers (CPs) amounting to INR 200 crore. The record date is set for June 19, 2026, with the maturity date of the CPs being June 22, 2026. This intimation is in compliance with SEBI circulars regarding the disclosure of record dates for such financial instruments. Investors holding these CPs as of the record date will be eligible for redemption.

Minda Corporation Limited has successfully issued and allotted Commercial Papers totaling INR 100 crores. The issuance, with a face value of INR 5,00,000 per security, carries a discount rate of 7.70% per annum. The Commercial Papers were issued on June 9, 2026, and are set to mature on September 4, 2026. The ISIN for this issuance is INE842C14214. This move is likely aimed at managing short-term working capital needs and optimizing the company's financing structure.

Minda Corporation Ltd reported a fire incident at its manufacturing facility in Noida on May 30, 2026, at approximately 4:15 p.m. No casualties or injuries were reported. The company is working with local authorities to restore normalcy. The cause of the fire is under investigation, and the company has informed its insurance provider. An insurance survey is expected to be conducted.

Minda Corporation Ltd. has announced a final dividend of ₹0.80 per equity share (40% of face value) for the financial year 2025-26, subject to shareholder approval at the 41st AGM. The record date for determining shareholder eligibility for the dividend is set as August 14, 2026. The 41st Annual General Meeting will be held on August 21, 2026, and the dividend will be paid on or before September 18, 2026.

Minda Corporation Ltd. has signed the First Amendment Agreement on May 22, 2026, with Vehicle Access Systems Technology LLC, U.S.A, and Minda Vast Access Systems Private Limited to amend the terms of the original Shareholder Agreement dated April 30, 2015. Effective from April 1, 2026, the amendment grants Minda Corporation Limited control over the Joint Venture Company, Minda Vast Access Systems Private Limited. Both Minda Corporation Ltd. and Vehicle Access Systems Technology LLC, U.S.A hold 50% shares each in Minda Vast Access Systems Private Limited.

Minda Corporation Ltd announced its Q4 and FY26 financial results, achieving its highest-ever quarterly revenue of ₹1,704 Crore, a 29.0% YoY growth. The company's Q4 EBITDA stood at ₹203 Crore with a margin of 11.9%. PAT for Q4 reached ₹124 Crore, with a margin of 7.3%. For FY26, Minda Corp reported record EBITDA of ₹721 Crore, with a margin of 11.7%. PAT for FY26 was ₹358 Crore, with a margin of 5.8%. The company also formed joint ventures with Toyodenso Co., Ltd. and Turntide Technologies to enhance its technology and EV offerings. The board has recommended a final dividend of 40% i.e. ₹0.80 per equity share.