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Minda Corporation approved Rs 500 crore debenture issuance and China subsidiary incorporation
24-Sep-2026, 09:30
Minda Corporation Limited’s board approved several key actions on Thursday, September 24, 2026, including the issuance of non-convertible debentures aggregating up to Rs 500 crore in one or more tranches, the incorporation of a wholly owned subsidiary in China with a proposed investment of up to USD 1 million, and the sale of its investment in EVQ Point Solutions Private Limited through Spark Minda Green Mobility Systems Private Limited. The board also appointed Ms. Meenal Bansal as Company Secretary & Compliance Officer and Mrs. Geetika Mishra as Chief Procurement Officer, while noting a minor delay in filing shareholding pattern with the Bombay Stock Exchange and a related penalty of Rs 2000.