Minda Corporation has successfully completed the redemption of its commercial paper worth ₹100 crore on March 2, 2026, following the revised maturity schedule announced earlier due to a bank holiday. Company Secretary Pardeep Mann digitally signed the confirmation letter, formally notifying both NSE and BSE of the successful payment completion.

Official Redemption Confirmation

The company issued an official communication to stock exchanges confirming the redemption of commercial paper with ISIN INE842C14180. The letter, digitally signed by Company Secretary Pardeep Mann on March 2, 2026, at 15:34:06 +05'30', serves as formal notification to regulatory authorities.

Remaining Commercial Paper Schedule

With the first commercial paper successfully redeemed, Minda Corporation has two remaining commercial papers totaling ₹200 crore scheduled for redemption in March 2026:

Regulatory Compliance

The redemption was completed in accordance with SEBI circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. The formal communication addressed to both NSE (Scrip Code: MINDACORP) and BSE (Scrip Code: 538962) ensures compliance with listing requirements and maintains transparency with regulatory authorities.

The completion demonstrates the company's adherence to its debt obligations and maintains its commercial paper program schedule. The remaining commercial papers will follow their original maturity timeline as previously communicated to the exchanges.

Uttar Pradesh Chief Minister Yogi Adityanath has entered into a strategic agreement with Minda Corporation during his official visit to Tokyo, marking a significant step towards enhancing automotive parts manufacturing in the state.

Strategic Partnership Details

The agreement was signed in Tokyo as part of the Chief Minister's international outreach efforts to attract investment and boost industrial development in Uttar Pradesh. This partnership focuses specifically on expanding automotive parts manufacturing capabilities within the state.

Manufacturing Expansion Initiative

The collaboration between the Uttar Pradesh government and Minda Corporation represents a strategic move to strengthen the state's automotive manufacturing ecosystem. This agreement is expected to contribute to the state's industrial growth and enhance its competitiveness in the automotive components sector.

Implications for Uttar Pradesh

This partnership aligns with Uttar Pradesh's broader industrial development strategy, potentially creating new opportunities for employment generation and skill development in the automotive sector. The agreement underscores the state government's commitment to attracting private sector investment and fostering industrial growth through strategic partnerships with established manufacturers.