Minda Corporation Limited has announced a board meeting scheduled for February 5, 2026, to address critical business matters including quarterly financial results and potential dividend distribution. The company issued this notification on January 22, 2026, in compliance with SEBI listing regulations.

Board Meeting Agenda

The board meeting will cover three primary areas of business consideration:

Employee Stock Option Scheme Developments

The board will deliberate on significant changes to the company's employee compensation structure. The agenda includes amendments to the existing Employee Stock Option Scheme 2017 and the transfer of unallocated equity shares to a new scheme titled 'Minda – Employee Stock Option Scheme 2025'. The new scheme requires approval under the Share Based Employee Benefits and Sweat Equity Regulations, 2021.

Trading Window Restrictions

In accordance with SEBI insider trading regulations, Minda Corporation has implemented a trading window closure for all designated persons. The restriction period commenced on January 1, 2026, and will conclude 48 hours after the public disclosure of quarterly results for the period ended December 31, 2025.

Regulatory Compliance and Disclosure

The board meeting notification has been issued pursuant to Regulation 29 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has made the notice accessible through multiple channels including its official website and stock exchange platforms. Company Secretary Pardeep Mann signed the notification, ensuring proper corporate governance protocols are maintained throughout the disclosure process.

Minda Corporation Limited has informed stock exchanges about a significant regulatory development affecting its material subsidiary. The company disclosed under Regulation 30 of SEBI Listing Regulations that Minda Instruments Limited (MIL) has received a substantial GST penalty order from Maharashtra tax authorities.

GST Penalty Details

The penalty order was issued by the Office of the Deputy Commissioner of State Tax, Pune North East, Maharashtra, confirming a total GST demand for the financial year 2021-22. The regulatory filing provides comprehensive details of the penalty structure:

Nature of Violations

The GST demand stems from specific compliance issues identified by the tax authorities during their assessment of Minda Instruments Limited's operations for FY 2021-22. The key violations cited in the order include:

• Classification Issues: Problems related to the proper classification of goods under GST provisions
• Excess ITC Claims: Allegations of claiming Input Tax Credit beyond permissible limits

These violations fall under the relevant provisions of the Central Goods and Services Tax (CGST) Act, 2017, and corresponding provisions of the Integrated Goods and Services Tax (IGST) Act.

Company's Response Strategy

Minda Corporation has outlined its approach to address this regulatory challenge. The company's management has expressed confidence in the merits of their case and plans to pursue legal remedies available under GST law.

Regulatory Compliance

The disclosure was made pursuant to Clause 20 of Para A of Part A of Schedule III of SEBI Listing Regulations, demonstrating the company's commitment to transparent communication with stakeholders. The intimation was signed by Company Secretary Pardeep Mann and filed with both NSE and BSE on January 6, 2026.

This development highlights the ongoing regulatory scrutiny faced by companies in the auto ancillaries sector, particularly regarding GST compliance and proper classification of manufactured goods. The company's proactive disclosure and planned appeal process reflect standard corporate governance practices in addressing such regulatory challenges.