Minda Corporation Limited has issued and allotted commercial paper worth ₹100.00 crores with a discount rate of 6.35% per annum, as disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company informed both the National Stock Exchange of India Limited and BSE Limited about this financial instrument issuance.

Commercial Paper Details

The commercial paper issuance carries specific terms and conditions. The securities have been structured with the following details:

Market Listing

The commercial paper has been listed on the National Stock Exchange of India Limited (NSE). This listing provides liquidity options for investors and ensures compliance with regulatory requirements for such financial instruments.

Regulatory Compliance

Minda Corporation Limited has fulfilled its disclosure obligations by informing the stock exchanges about this commercial paper issuance. The company provided details to both NSE and BSE, ensuring transparency for all stakeholders. The disclosure includes material information required under SEBI regulations, such as the security description, issue size, redemption timeline, and pricing details.

This commercial paper represents a short-term debt instrument, providing the company with working capital financing while offering investors a fixed-return investment option.

Minda Corporation Limited has announced the grant of employee stock options under its Employee Stock Option Scheme 2017, following approval by the company's Nomination and Remuneration Committee on December 20, 2025. The comprehensive grant structure includes both immediate and future-dated option allocations totaling ₹9.00 crores in value.

Stock Option Grant Details

The approved grant comprises three distinct components with varying determination mechanisms:

The 57,388 options granted immediately were calculated based on a value of ₹3.00 crores using the company's closing share price of ₹522.75 on June 1, 2025. Each stock option is convertible into one equity share with a face value of ₹2.00.

Exercise and Vesting Terms

All granted options follow a uniform vesting and exercise structure:

The options vesting schedule ensures that all three grant components vest simultaneously on April 1, 2028, providing employees with a one-year window to exercise their options thereafter.

Regulatory Compliance

The stock option grants have been structured in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014. Minda Corporation has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both the National Stock Exchange and BSE Limited of the grant details.

Scheme Framework

The grants are issued under the Minda Corporation Employee Stock Option Scheme 2017, which provides the framework for employee equity participation. The scheme allows for flexible pricing mechanisms, with the current grants offering value to employees through the face value exercise price of ₹2.00 per option, below current market levels.

The future-dated grants for 2026 and 2027 will have their option quantities determined based on the respective closing market prices on April 1 of each year, ensuring the ₹3.00 crore value allocation while adjusting for market conditions at the time of determination.