Minda Corporation Limited has submitted its quarterly compliance certificate under SEBI regulations for the fourth quarter of fiscal year 2026. The certificate was filed with both the National Stock Exchange of India and BSE Limited on April 09, 2026.

Regulatory Compliance Certificate

The company filed a certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. This regulatory requirement ensures transparency in the dematerialization process of securities.

Certificate Confirmation

Skyline Financial Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate dated April 01, 2026. The certificate confirms that no physical share certificates were received for dematerialization of equity shares during the quarter ended March 31, 2026.

Parveen Sharma, Authorised Signatory of Skyline Financial Services Private Limited, signed the certificate confirming compliance with the regulatory requirements.

Corporate Information

The filing was submitted by Company Secretary Pardeep Mann (Membership No. A13371) on behalf of Minda Corporation Limited. The company maintains its group corporate office at D-6-11, Sector 59, Noida – 201301, U.P., with its registered office located at A-15, Ashok Vihar, Phase-I, Delhi-110052.

This quarterly filing demonstrates the company's continued adherence to SEBI's regulatory framework governing depositories and participants, ensuring proper oversight of share dematerialization processes.

Minda Corporation Limited has informed stock exchanges about a significant regulatory development involving its material subsidiary. The company disclosed receiving a GST penalty order that could impact its subsidiary's operations, though management remains optimistic about the outcome.

GST Penalty Details

Minda Instruments Limited (MIL), a material subsidiary of Minda Corporation, received an order from the Joint Commissioner of GST & Central Excise, Chennai-Outer, Tamil Nadu. The order details are presented below:

Nature of Violation

The GST authorities have confirmed a demand of Rs 4,75,88,732 for the period covering FY 2019-2020 and 2020-2021. The penalty stems from alleged short payment of GST due to misclassification or wrongly classified goods under the relevant provisions of the CGST Act, 2017, IGST and similar provisions under TNGST Act.

The order was issued under Section 74(9) of CGST/TNGST, which also includes equivalent amounts of penalty and interest as applicable under the law. The violation relates to issues concerning the proper classification of goods under GST regulations.

Company's Response Strategy

Minda Corporation has outlined its approach to address the penalty order:

• Appeal Process: The company intends to file an appeal before the Appellate Authority within the time-limit prescribed under GST Law
• Case Assessment: Management believes in the merits of their case
• Financial Impact: The company does not expect the order to have any material financial impact
• Outcome Expectation: Management remains hopeful of a favourable outcome from the appellate process

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Schedule III of SEBI Listing Regulations. Specifically, this falls under Clause 20 of Para A of Part A of Schedule III, which requires disclosure of material developments involving subsidiaries.

The company has fulfilled its obligation to inform both NSE and BSE about this development, ensuring transparency with stakeholders regarding potential regulatory challenges faced by its subsidiary operations.