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As on : 24-Sep-2026
Hot Pursuit
24-Sep-2026     14:00

Minda Corporation approves Rs 500 crore NCD issuance via private placement

Minda Corporation Limited announced that its board approved raising Rs 500 crore through the issuance of Non-Convertible Debentures on a private placement basis, intended for various funding requirements. The company also plans to incorporate a wholly-owned subsidiary in China with an investment of USD 1 million and approved the sale of its investment in EVQ Point Solutions Private Limited. Additionally, the board appointed Meenal Bansal as Company Secretary & Compliance Officer and Geetika Mishra as Chief Procurement Officer. The board noted a minor delay in filing shareholding patterns with the BSE and a related penalty of Rs 2,000, attributing it to a procedural misunderstanding.

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