Minda Corporation Limited has successfully completed the redemption of its commercial paper worth Rs 100 crores on March 06, 2026. The company informed stock exchanges about this development in compliance with regulatory requirements.

Commercial Paper Details

The redeemed commercial paper carried specific identification parameters and had a defined tenure period.

Regulatory Compliance

The redemption was completed in accordance with SEBI circular Number SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021. Minda Corporation has formally notified both the National Stock Exchange of India Limited and BSE Limited about the successful completion of the redemption process.

The company confirmed that full payment has been made to commercial paper holders as per the scheduled maturity date. This redemption represents the completion of the company's short-term debt obligation that had a tenure of approximately 4.5 months from the original issue date.

Corporate Communication

Company Secretary Pardeep Mann, with membership number A13371, signed the official communication to stock exchanges on March 06, 2026. The notification was sent to both exchanges with their respective scrip codes for proper record maintenance and regulatory compliance.

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.