Minda Corporation has acquired an additional 2,50,00,000 equity shares in its subsidiary, Spark Minda Green Mobility Systems Private Limited, for ₹25 crore. The acquisition was completed on July 19, 2026, pursuant to a rights issue to maintain the company's 100% shareholding and provide growth capital for the subsidiary's business requirements. The subsidiary operates in the automotive parts and components sector, aligning with Minda Corporation's existing business strategy.

The consideration for the acquisition was paid in cash through normal banking channels at par, with each equity share holding a face value of ₹10. Following this transaction, Minda Corporation along with its nominee continues to hold 100% of the equity shares in Spark Minda Green Mobility Systems Private Limited. Consequently, the entity remains a wholly owned subsidiary of the company.

Spark Minda Green Mobility Systems Private Limited reported a turnover of ₹5362.07 Lakhs for FY 2025-26. The company was incorporated on February 22, 2021, and is engaged in the design, development, and manufacturing of electric vehicle parts and components. Its operations are based in India.

The acquisition does not fall within related party transactions as per the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No governmental or regulatory approvals were required for the completion of this transaction.

Financial Performance of Spark Minda Green Mobility Systems

minda corporation has issued and allotted commercial paper aggregating INR 100 crores to raise short-term funds. The issuance, which took place on July 15, 2026, carries a discount rate of 7.10% per annum and is scheduled for redemption on September 22, 2026. The debt instrument has been listed on the National Stock Exchange of India Limited, providing liquidity to investors.

The commercial paper has a face value of INR 5,00,000 per security. The details of the issuance were disclosed to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The ISIN for the issued security is INE842C14222.

Key Details of the Issue

The filing was submitted by Pradeep Mann, Company Secretary of Minda Corporation Limited. The company's registered office is located in Delhi, while its corporate office operates out of Noida, Uttar Pradesh.