Minda Corp re-appoints auditors for FY 2026-27

Minda Corporation announced on May 22, 2026, that its Board of Directors has approved the appointment and re-appointment of several auditors. The decisions were made following the recommendations of the company's Audit Committee.

Statutory and Cost Auditors

The Board approved the re-appointment of S. R. Batliboi & Co. LLP as statutory auditors for a five-year term. This appointment is effective from the conclusion of the 41st Annual General Meeting (AGM) until the conclusion of the 46th AGM, covering the financial years 2026-27 to 2030-31, subject to shareholder approval. Additionally, Chandra Wadhwa & Co., Cost Accountants, were re-appointed as Cost Auditors for the financial year 2026-27.

Transfer Pricing Auditor

M/s MSKB & Associates, Chartered Accountants, were re-appointed for transfer pricing audit for the financial year 2025-26. The firm will oversee related party transactions in compliance with regulatory requirements.

Internal Auditors

The company designated two firms as internal auditors for the financial year 2026-27. Grant Thornton Bharat LLP will handle audit responsibilities for specific divisions, including SSD, WHD, EME, SMAD, and DCD. Protiviti India Member Private Limited was appointed to audit the Wiring Harness Division, Component Division, Interior Plastic Division, SMIT, Aftermarket Division, and the Group Corporate Office.

Auditor Appointments Summary

Auditor Type	Firm Name	Term / Period
Statutory Auditor	S. R. Batliboi & Co. LLP	FY 2026-27 to FY 2030-31
Cost Auditor	Chandra Wadhwa & Co.	FY 2026-27
Transfer Pricing Auditor	M/s MSKB & Associates	FY 2025-26
Internal Auditor	Grant Thornton Bharat LLP	FY 2026-27
Internal Auditor	Protiviti India Member Private Limited	FY 2026-27

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.82%	+1.54%	+25.11%	+9.92%	+22.78%	+384.77%

Minda Corporation Limited has entered into the First Amendment Agreement with Vehicle Access Systems Technology LLC, U.S.A., and Minda Vast Access Systems Private Limited. The agreement was executed on May 22, 2026, to amend the terms of the original Shareholders' Agreement dated April 30, 2015. The modifications to the agreement are effective from April 1, 2026, on mutually agreed terms.

The purpose of the agreement is to alter the existing framework between the entities involved in the joint venture. The joint venture company, Minda Vast Access Systems Private Limited (MVAST), was originally established between Minda Corporation Limited and Vehicle Access Systems Technology LLC. The recent amendment introduces significant changes to the governance structure of the entity.

Key Details of the Agreement

The agreement involves three primary entities: Vehicle Access Systems LLC, USA (VAST), Minda Corporation Limited, India (MCL), and Minda Vast Access Systems Private Limited (MVAST). The size of the agreement is not applicable as it pertains to structural amendments rather than a new commercial transaction.

Particulars	Information
Entities Involved	Vehicle Access Systems LLC., USA (VAST); Minda Corporation Limited, India (MCL); Minda Vast Access Systems Private Limited (MVAST)
Purpose	Amendment in the Original Shareholder Agreement dated April 30, 2015
Effective Date	April 1, 2026

Shareholding and Control

Prior to the amendment, Minda Corporation Limited and Vehicle Access Systems Technology LLC held equal stakes in the joint venture. Both entities held 50% shares each in Minda Vast Access Systems Private Limited.

A significant outcome of the First Amendment Agreement is the shift in control. Due to the amendment, Minda Corporation Limited now holds control over the Joint Venture Company, Minda Vast Access Systems Private Limited. This change in control is effective from April 1, 2026.

The disclosure confirms that the parties involved are not related to the promoter or promoter group companies. Furthermore, the transaction does not fall within the scope of related party transactions.