Minda Corporation has scheduled its 41st Annual General Meeting (AGM) for Friday, August 21, 2026, at 10:30 a.m. (IST) through Video Conferencing or Other Audio-Visual Means (VC/OAVM). The Board of Directors, meeting on May 22, 2026, recommended a final dividend of ₹0.80 per equity share (face value ₹2/-) for the financial year ended March 31, 2026. This recommendation is subject to approval by members at the upcoming AGM. If approved, the dividend will be paid to shareholders whose names appear in the Register of Members as of the record date, Friday, August 14, 2026, and credited by September 18, 2026.

The meeting will be conducted in compliance with the Companies Act, 2013, SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs. Members attending via VC/OAVM will be counted for quorum purposes under Section 103 of the Act. The Notice of the AGM and the Annual Report for FY26 will be sent electronically to registered email addresses. Shareholders without registered emails will receive a letter with a web link to access the documents.

Shareholders holding shares in physical form who have not updated their email addresses are required to do so by Monday, August 10, 2026, to participate in remote e-voting and receive future communications. They must submit Form ISR-1, self-attested PAN card, and address proof to the Company or its Registrar and Share Transfer Agent, Skyline Financial Services Private Limited. Additionally, physical shareholders without an Electronic Bank Mandate must register their bank details—including IFSC code and cancelled cheque—to receive dividends directly into their accounts.

Key Dates and Details

IEPF Transfer Warning

The Company is mandatorily transferring unclaimed dividends from Financial Year 2018-19 (Final) and related equity shares to the Investor Education and Protection Fund (IEPF) Demat Account. This transfer is governed by Section 124(5) & 124(6) of the Companies Act, 2013, and Rule 5 & 6 of the IEPF Authority Rules, 2016. The due date for transfer is October 30, 2026. Shareholders must submit claims on or before October 29, 2026, to prevent the transfer. Once transferred, no claim lies against the Company; shareholders must then apply to the IEPF Authority using Form IEPF-5.

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