Business Update Positive

2026-10-12 18:21

- Minda Corporation Limited has executed a Share Subscription Agreement with Sunsure Energy Private Limited and Sunsure Solarpark Sixteen Private Limited. - The company will acquire a 26% equity stake in Sunsure Solarpark Sixteen Private Limited for a cash consideration of up to ₹57.75 lacs. - The acquisition aims to reduce power costs by shifting towards cost-effective and environment-friendly solar and wind energy. - The target entity operates in the renewable energy industry with a turnover of ₹963.75 lacs for FY 2025-26. - The acquisition is expected to be completed within approximately 6 months and is not a related party transaction.

Business Update Neutral

2026-10-05 22:08

- Minda Corporation Limited has acquired an additional 1,80,00,000 equity shares of Spark Minda-Toyodenso India Private Limited (subsidiary) for Rs. 18 crores via a Rights Issue on October 05, 2026. - The acquisition supports the subsidiary's operational and capital expenditure requirements. - The shareholding remains unchanged at 60%.

Routine Neutral

2026-09-25 13:06

- Trading window for dealing in company securities closed with effect from October 01, 2026. - Window will reopen 48 hours after the declaration of unaudited financial results for the quarter and half-year ended September 30, 2026. - Board meeting date to be announced in due course.

Governance Neutral

2026-09-24 12:55

- Minda Corporation approved raising up to ₹500 crore via Non-Convertible Debentures on a private placement basis. - Approved incorporation of a wholly-owned subsidiary in China with an investment of up to USD 1 million. - Approved sale of investment in step-down associate EVQ Point Solutions Private Limited. - Appointed Ms. Meenal Bansal as Company Secretary & Compliance Officer and Mrs. Geetika Mishra as Chief Procurement Officer effective September 24, 2026. - Noted a minor procedural delay in filing the shareholding pattern with BSE resulting in a penalty of ₹2,000, which has been paid.

Governance Neutral

2026-09-24 12:53

- Approved issuance of Non-Convertible Debentures (NCDs) up to Rs. 500 crores on a private placement basis. - Approved incorporation of a wholly-owned subsidiary in China with an investment of up to USD 1 million. - Approved sale of investment held in step-down associate EVQ Point Solutions Private Limited. - Appointed Ms. Meenal Bansal as Company Secretary & Compliance Officer and Mrs. Geetika Mishra as Chief Procurement Officer effective September 24, 2026. - Noted a minor one-day delay in filing the shareholding pattern with BSE resulting in a penalty of Rs. 2,000, which has been duly paid.

Governance Neutral

2026-09-24 12:52

- Board approved raising up to ₹500 crore via Non-Convertible Debentures on a private placement basis. - Approved incorporation of a wholly-owned subsidiary in China with an investment of up to USD 1 million. - Approved sale of investment in step-down associate EVQ Point Solutions Private Limited. - Appointed Ms. Meenal Bansal as Company Secretary & Compliance Officer and Mrs. Geetika Mishra as Chief Procurement Officer. - Noted a nominal penalty of ₹2,000 imposed by BSE for a one-day procedural delay in filing the shareholding pattern, which has been paid.

Governance Neutral

2026-09-24 12:49

- Approved issuance of Non-Convertible Debentures (NCDs) aggregating up to ₹500 crore on a private placement basis. - Approved incorporation of a wholly-owned subsidiary in China with an investment of up to USD 1 million. - Approved sale of investment in step-down associate company EVQ Point Solutions Private Limited. - Appointed Ms. Meenal Bansal as Company Secretary & Compliance Officer and Mrs. Geetika Mishra as Chief Procurement Officer. - Disclosed a penalty of ₹2,000 levied by BSE for a one-day delay in filing the shareholding pattern, which has been paid.

Governance Neutral

2026-09-24 12:49

- Approved raising up to ₹500 crore via Non-Convertible Debentures (NCDs) on a private placement basis. - Approved incorporation of a wholly-owned subsidiary in China with an investment of up to USD 1 million. - Approved sale of investment held in step-down associate EVQ Point Solutions Private Limited. - Appointed Ms. Meenal Bansal as Company Secretary & Compliance Officer and Mrs. Geetika Mishra as Chief Procurement Officer. - Noted a minor procedural delay in filing the shareholding pattern with BSE and payment of the applicable penalty of ₹2,000.

Business Update Neutral

2026-09-21 17:26

- Concall Schedule - Concall Date: 25th September, 2026 - Concall Time: 9:00 am to 4:00 pm - Mode of Meeting: In Person (one-on-one/Group Meetings) - Location: Mumbai

Business Update Neutral

2026-09-15 17:06

- Niche Ninety Nine Capability and Certifications (OPC) Private Limited assigned an ESG rating of 66 to Minda Corporation Limited on September 15, 2026. - The company clarified it did not engage Niche for this independent rating, which was prepared based on public domain information.

Business Update Neutral

2026-08-31 15:08

- Investor Conference Participation - Conference Name: Elara Conference themed ASHWAMEDH - ELARA INDIA DIALOGUE 2026 - Conference Date: 3rd September 2026 - Location: Mumbai, India - Details: In-person conference, including one-to-one and group meetings. No unpublished price sensitive information will be shared.

Governance Negative

2026-08-21 17:42

CRITICAL RED FLAG DETECTED

- Mr. Pardeep Mann has resigned from the position of Company Secretary and Compliance Officer (Key Managerial Personnel). - The resignation is effective from the close of business hours on August 21, 2026. - The reason for resignation is stated as personal reasons.

Business Update Positive

2026-08-19 11:28

- Q1 FY27 Consolidated Revenue ₹1,846Cr vs ₹1,386Cr (▲33.2% YoY) - EBITDA ₹212Cr vs ₹156.5Cr (▲35.4% YoY) - PAT ₹206Cr vs ₹65Cr (▲216% YoY, includes ₹106Cr exceptional gain from Minda VAST consolidation) - EBITDA Margin 11.5% vs 11.3% (▲19bps) - Flash Electronics revenue ₹533Cr (▲42% YoY) with EBITDA margin of 15.4%; expects 20-24% full-year growth and 16-17% long-term margin. - The company added a lifetime order book of approximately ₹2,500Cr during the quarter. - FY27 Capex guidance of approximately ₹400Cr, spread across various business verticals. - Targeting to achieve ₹17,500Cr revenue by FY30, supported by organic growth, premiumization, exports, new product launches, and inorganic opportunities. - Long-term target to deliver 12.5% EBITDA margin by 2030, with 11.5-12% expected for the rest of FY27.

Business Update Positive

2026-08-18 18:33

- Minda Instruments Limited, a wholly owned subsidiary of Minda Corporation, received government approval to manufacture Display Module Sub-Assemblies. - This approval, granted under the Electronics Components Manufacturing Scheme (ECMS), enables Minda to set up a new greenfield facility for TFT display module assembly. - The move aims to substitute imports and position Minda as one of two companies nationally cleared for this component.

Business Update Neutral

2026-08-13 18:17

- Minda Corporation Limited announced the audio recording of its earnings call for the quarter ended June 30, 2026, is available on the company's website. They have also provided the link to access the audio recording.

Financials Positive

2026-08-13 15:20

- Q1 FY27 Consolidated Revenue ₹1,846 Cr vs ₹1,386 Cr (▲33% YoY) - EBITDA ₹212 Cr vs ₹156 Cr (▲35% YoY) - PAT ₹206 Cr vs ₹65 Cr (▲216% YoY, includes exceptional gain of ₹106 Cr) - EBITDA Margin 11.5% vs 11.3% (▲19 bps) - Total New Lifetime Order-book in Q1 FY27 of ₹2,500 Cr, with EV constituting over 15%

Financials Positive

2026-08-13 13:53

- Q1 FY27 Consolidated Revenue ₹1,846Cr vs ₹1,386Cr (▲33.2% YoY) - EBITDA ₹212Cr vs ₹156Cr (▲35.4% YoY) - PAT ₹206Cr vs ₹65Cr (▲215.8% YoY) - EBITDA Margin 11.5% vs 11.3% (▲19bps)

Financials Positive

2026-08-13 13:24

- Q1 FY27 Consolidated Revenue ₹1,846 Cr vs Q1 FY26 ₹1,386 Cr (▲33.2% YoY) - Consolidated EBITDA ₹212 Cr vs ₹156 Cr (▲35.4% YoY) - Consolidated PAT ₹206 Cr vs ₹65 Cr (▲215.8% YoY) - Consolidated EBITDA Margin 11.5% vs 11.3% (▲19 bps) - The Board also approved an additional investment of up to ₹18 Crores in Spark Minda Toyodenso India Private Limited, increasing total investment to ₹60 Crores.

Business Update Neutral

2026-08-07 14:30

- Concall Schedule - Concall Date: Thursday, 13th August 2026 - Concall Time: 4:00 pm IST

Governance Neutral

2026-07-28 18:22

- The 41st Annual General Meeting (AGM) of Minda Corporation Limited is scheduled for Friday, August 21, 2026, at 10:30 a.m. via Video Conferencing/OAVM. - The record date for e-voting and dividend entitlement is August 14, 2026.

Routine Neutral

2026-07-28 17:58

- Notice for transfer of unclaimed dividends (FY 2018-19) and associated shares to IEPF due to 7 years of inactivity. - Shareholders can claim by October 29, 2026, or shares will be transferred to IEPF by October 30, 2026.

Business Update Positive

2026-07-20 11:49

- Minda Corporation Limited (MCL) acquired 2.5 Crore equity shares (₹25 Cr) in its wholly-owned subsidiary, Spark Minda Green Mobility Systems Private Limited, via a Rights Issue on July 19, 2026. - This maintains MCL's 100% shareholding and provides growth capital for the EV parts subsidiary, aligning with the group's business strategy.

Routine Neutral

2026-06-26 14:54

- The trading window for dealing in company securities will close from July 01, 2026, until 48 hours after the declaration of financial results for the quarter ended June 30, 2026. - The date of the Board meeting for declaring these financial results will be intimated in due course.

Business Update Neutral

2026-05-31 13:54

Minda Corporation reported a fire incident at its manufacturing facility in Noida on May 30, 2026, around 4:15 p.m. The company confirmed that there were no causalities or injuries to any personnel, and the situation was brought under control. The stock, plant, and machinery at the affected plant are adequately insured, and the insurance company has been intimated. The company is currently assessing the impact on operations and the extent of the damage.

Business Update Positive

2026-05-27 10:20

Minda Corporation's management provided an optimistic outlook for future growth, guiding for revenue growth of over 15% in FY27, assuming a 10% industry growth. The company maintains a long-term vision to achieve a group-level consolidated revenue of INR 17,500 crores with a 12.5% EBITDA margin by FY2030. Planned Capex for FY2026-27 is projected at INR 400-450 crores. Key growth drivers include strategic investments in EV power electronics, new product launches (sunroof and switches JV by FY28), premiumization, and deep localization. The lifetime order book stands strong at INR 10,000 crores, with execution spanning 48-60 months. Strategic initiatives like the Turntide Technologies JV for electric mobility and the Toyodenso JV for switches, along with the consolidation of Minda VAST from FY27, are expected to fuel this growth. Management indicated that commodity price volatility will be managed via pass-through contracts and operational efficiencies.

Financials Positive

2026-05-25 18:39

Minda Corporation Limited reported strong consolidated results for Q4 FY26. Consolidated Revenue stood at ₹1,703.81 Cr vs ₹1,321.26 Cr (▲29.0% YoY), EBITDA was ₹203.37 Cr vs ₹152.88 Cr (▲33.0% YoY), and PAT attributable to owners increased to ₹124.61 Cr vs ₹52.03 Cr (▲139.5% YoY). EBITDA Margin expanded by 30bps, from 11.6% to 11.9%. The Board also recommended a final dividend of ₹0.80 per equity share (40%) for FY2025-26, bringing the total dividend for the year to ₹1.40 per share (70%).

Financials Positive

2026-05-25 12:07

Minda Corporation Limited announced a final dividend of 40% (Rs. 0.80 per equity share) for the financial year 2025-26, subject to shareholder approval at the 41st AGM. The Record Date for ascertaining eligible shareholders is 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.

Business Update Neutral

2026-05-22 21:50

Minda Corporation Limited announced the availability of the audio recording of its Earning Call, which discussed the financial results for the Quarter and Financial Year ended March 31, 2026. The recording is accessible on the company's website.

Business Update Positive

2026-05-22 19:08

Minda Corporation Limited announced signing a First Amendment Agreement to the Shareholders' Agreement for its Joint Venture, Minda Vast Access Systems Private Limited (MVAST), with Vehicle Access Systems Technology LLC, U.S.A. The amendment grants Minda Corporation Limited control over MVAST, effective from April 1, 2026. MCL and VAST currently hold 50% shares each in MVAST.

Financials Positive

2026-05-22 16:36

Minda Corporation reported strong Q4 FY26 consolidated financial results. Operating Revenue stood at ₹1,704 Cr vs ₹1,321 Cr (▲29.0% YoY), EBITDA at ₹203 Cr vs ₹153 Cr (▲33.0% YoY), and PAT at ₹124 Cr vs ₹52 Cr (▲138.3% YoY). EBITDA Margin expanded to 11.9% vs 11.6% (▲37bps). The company also announced a final dividend of 40% (₹0.80 per share), taking the total dividend for the year to 70% (₹1.40 per share).

Governance Neutral

2026-05-22 16:24

Minda Corporation Limited announced the re-appointment of its auditors. S. R. Batliboi & Co. LLP was re-appointed as statutory auditors for five years from FY 2026-27 to FY 2030-31. Chandra Wadhwa & Co. was re-appointed as cost auditors for FY 2026-27. BDO India Services Pvt Ltd was re-appointed for transfer pricing for FY 2025-26. Additionally, Grant Thornton Bharat LLP and Protiviti India Member Private Limited were re-appointed as internal auditors for FY 2026-27.

Financials Positive

2026-05-22 15:35

Minda Corporation reported a strong Q4 FY26 financial performance with Consolidated Revenue of ₹1,704 Cr (▲29% YoY), EBITDA of ₹203 Cr (▲33% YoY), and PAT of ₹124 Cr (▲138% YoY). The EBITDA Margin expanded from 11.6% to 11.9% (▲30bps). The company achieved its highest ever quarterly revenue and recorded a total lifetime order book exceeding ₹10,000 Crores, including new orders worth ₹3,500 Crores in Q4FY26. Strategic joint ventures with Turntide Drives Ltd. and Toyodenso were also formed.

Financials Positive

2026-05-22 14:59

Standalone Revenue ₹1370.40 Cr vs ₹1083.16 Cr (▲26.52% YoY), EBITDA ₹172.39 Cr vs ₹122.41 Cr (▲40.83% YoY), PAT ₹73.34 Cr vs ₹33.78 Cr (▲117.12% YoY). EBITDA Margin 12.58% vs 11.30% (▲128bps). The Board also recommended a final dividend of ₹0.80 per equity share for FY 2025-26, bringing the total dividend for the year to ₹1.40 per equity share.

Business Update Neutral

2026-05-14 17:41

Minda Corporation Limited announced a conference call to discuss its financial results for the quarter ended March 31, 2026 (Q4FY26). The call is scheduled for Friday, May 22, 2026, at 4:00 P.M. IST. Key management personnel, including Mr. Aakash Minda (Executive Director), Mr. Ajay Agarwal (GCFO), and Mr. Nitesh Jain (Lead Investor Relations), will participate.

Business Update Positive

2026-04-24 19:04

CRISIL upgraded Minda Corporation Limited's Long Term Rating from AA-/Positive to AA/Stable and reaffirmed Short Term Rating at A1+. Its subsidiary, Minda Instruments Limited, also saw its Long Term Rating upgraded from AA-/Positive to AA/Stable.

Routine Neutral

2026-04-13 18:17

New Filing detected. See link for details.

Business Update Negative

2026-03-31 13:07

CRITICAL RED FLAG DETECTED

Minda Corp's subsidiary received an order from GST authorities for a demand of ₹4.76 Cr GST plus equivalent penalty and interest for FY19-21 due to misclassification. The company intends to appeal, stating no material financial impact.

Routine Neutral

2026-03-30 15:51

Minda Corporation Limited announced the closure of its trading window for designated persons from April 01, 2026, until 48 hours after the declaration of financial results for the quarter and financial year ended March 31, 2026, as per SEBI regulations.

Business Update Negative

2026-03-29 14:33

CRITICAL RED FLAG DETECTED

Minda Corporation Limited received an Income Tax Assessment Order on March 28, 2026, for AY 2023-24 (FY 2022-23), demanding ₹670,906,417, including interest. The company is reviewing the order with advisors and intends to contest it.

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Minda Corporation Limited

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