Minda Corporation reported a fire incident at its manufacturing facility located at Plot No. D-6-11, Sector -59, Noida, Uttar Pradesh on Saturday, May 30, 2026, at around 4:15 p.m. The company confirmed that there were no casualties or injuries to any personnel due to the incident. Emergency response procedures were activated immediately, and the situation was brought under control with the support of local fire authorities and emergency services.

The company’s team is cooperating with local and state authorities to restore normalcy at the affected facility. Minda Corporation stated that the cause of the incident is currently under investigation in coordination with the relevant authorities. The company committed to extending necessary cooperation and following statutory compliance as per applicable law.

Regarding the financial impact, the company stated that stock, plant, and machinery at the affected plant are adequately insured. The insurance company has been intimated, and an insurance survey is expected to be conducted in due course. The company is currently assessing the impact on operations and the extent of the damage caused.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information will be available on the company's website.

Details of Incident

Minda Corporation Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026, reporting its highest-ever consolidated revenue. The company achieved a consolidated revenue of ₹1,704 crore for Q4 FY26, marking a growth of 29.0% year-on-year. For the full fiscal year, Minda Corporation recorded its highest-ever consolidated revenue of ₹6,185 crore, an increase of 22.3% compared to the previous year. Building on this momentum, management has outlined an ambitious long-term growth roadmap targeting INR 17,500 crore in revenue by FY2030.

Financial Performance

The company reported a Profit After Tax (PAT) of ₹124 crore for the quarter, with a margin of 7.3%. EBITDA for the quarter stood at ₹203 crore, reflecting an EBITDA margin of 11.9%, an improvement of 37 basis points year-on-year. For the full year FY26, PAT reached ₹358 crore, a growth of 40.3% year-on-year, while EBITDA was ₹721 crore with a margin of 11.7%.

The following table summarizes the key financial metrics for the quarter and fiscal year:

Management Growth Targets

Minda Corporation's management has set out a clear long-term growth strategy, targeting INR 17,500 crore in revenue by FY2030 with a 12.5% EBITDA margin. The company's current revenue base stands at approximately INR 9,000 crore, inclusive of Flash and Minda Vast. To achieve the FY2030 target, management plans to grow at a minimum annual rate of 20%. For FY27, the company is targeting revenue growth of over 15%, which represents at least 50% above the anticipated industry growth rate of 10%.

The following table outlines the key management targets:

Dividend Declaration

The board of directors has recommended a final dividend of 40%, or ₹0.80 per equity share, for the financial year 2025-26. Combined with the interim dividend of ₹0.60 per share, the total dividend for the year aggregates to ₹1.40 per share, representing 70% of the face value. The record date for the payment of the final dividend has been fixed on Friday, August 14, 2026. The board has also decided to hold the 41st Annual General Meeting of the company on Friday, August 21, 2026.

Operational Highlights

Minda Corporation attributed its performance to a strong product portfolio, an expanding customer base, and a focus on product premiumisation. During the year, the company strengthened its technology roadmap through strategic global partnerships. This included a joint venture with Toyodenso Co., Ltd., Japan, for advanced automotive switches and an agreement with Turntide Technologies, UK, for electric vehicle powertrain solutions. These collaborations aim to deliver premium localized solutions for the EV ecosystem and align with the Government's 'Make in India' initiative.

Strategic Initiatives and Outlook

During a recent earnings conference call, management highlighted that the company secured new orders with a lifetime value exceeding INR 10,000 crores. The joint venture with Turntide Technologies, established in March 2026, will focus on axial flux motors and motor controllers, with start of production expected in the current fiscal year. Additionally, the joint venture with Toyodenso has secured significant orders from Japanese OEMs, with operations expected to commence in Q4 FY27. Minda Corporation will consolidate its associate company, Minda VAST, from FY27 onwards to enhance its 4-wheeler system solutions. The company expects capital expenditure for FY27 to be in the range of INR 400 crores to INR 450 crores.