Minda Corporation subsidiary Minda Instruments Limited has received government approval to manufacture Display Module Sub-Assemblies, a component India has largely imported until now. The clearance was granted under the Electronics Components Manufacturing Scheme (ECMS), enabling the company to establish a greenfield facility for TFT display module assembly as part of its backward integration strategy.

The approval came on August 17, 2026, as part of a batch of 31 new proposals cleared by the Ministry of Electronics and Information Technology. TXB Optics received identical approval for the same component in the same round. With this addition, the total number of projects approved under the ECMS scheme stands at 106.

Strategic shift to in-house manufacturing

Minda Instruments currently supplies instrument clusters and automotive electronics to major original equipment manufacturers (OEMs). The new facility will allow the company to manufacture display components in-house rather than importing them. This move aims to shorten supply lines and reduce exposure to global disruptions such as chip shortages or shipping crises.

The facility will also cater to external customers, providing access to supply contracts across the broader automotive electronics market. Aakash Minda, Executive Director at Minda Corporation, stated that bringing display manufacturing to India reflects confidence in the group's engineering capabilities and supports the goal of building domestic depth in mobility electronics.

Scheme investment overview

The August 17 tranche of approvals carries a projected investment of ₹7,877 crore and is expected to generate 9,588 direct jobs. Since its launch, cumulative investment approved under the ECMS scheme stands at ₹69,548 crore across 15 states.

This development reinforces Minda Corporation's position within India's automotive electronics ecosystem, leveraging its existing portfolio which includes vehicle access systems, smart electronics, advanced sensors, and EV mobility solutions.

Minda Corporation has officially confirmed the dispatch of the notice for its 41st Annual General Meeting (AGM), scheduled for Friday, August 21, 2026. The company submitted newspaper clippings from Financial Express and Jansatta to the National Stock Exchange of India Limited and BSE Limited on July 31, 2026, verifying that the notice was published on July 31, 2026, following its dispatch on July 29, 2026. This procedural step ensures compliance with Regulation 30 and Regulation 47 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The AGM will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OAVM) at 10:30 a.m. (IST). The primary agenda includes the approval of the final dividend for FY26, which was recommended by the Board of Directors at its meeting on May 22, 2026. The proposed dividend is ₹0.80 per equity share, subject to shareholder approval. If ratified, the dividend will be credited to shareholders whose names appear in the Register of Members as of the record date, Friday, August 14, 2026, by September 18, 2026.

Shareholders are advised to ensure their contact details are updated to participate in remote e-voting and receive communications. Physical shareholders must update their email addresses by August 10, 2026, by submitting Form ISR-1 along with a self-attested PAN card and address proof to the Registrar and Share Transfer Agent, Skyline Financial Services Private Limited. Additionally, those without an Electronic Bank Mandate must register their bank details, including IFSC code and cancelled cheque, to facilitate direct dividend credits.

Key Dates and Compliance Details

The meeting adheres to the Companies Act, 2013, 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 remote e-voting process, facilitated by National Securities Depository Limited (NSDL), runs from August 18 to August 20, 2026. Mr. Biswajit Ghosh of BMP & Co. LLP has been appointed as Scrutinizer to ensure a fair voting process.

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). 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.