Minda Corporation Limited has reported an improvement in its ESG (Environmental, Social and Governance) rating for FY2025, with SESESG Research Private Limited assigning a rating of 68.4 compared to 66.6 in FY2024.

ESG Rating Performance

The company disclosed this information under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on December 11, 2025. The rating assessment was communicated by SESESG Research through an email dated December 9, 2025.

Independent Assessment Clarification

Minda Corporation has specifically clarified that it did not engage SESESG Research for this rating or report. The ESG evaluation was conducted independently by the rating agency based on information available in the public domain. This reflects the company's performance across Environmental, Social and Governance parameters as assessed by the external rating agency.

Regulatory Compliance

The disclosure has been made in compliance with SEBI listing regulations and is also available on the company's website at www.sparkminda.com . Company Secretary Pardeep Mann signed the regulatory filing, ensuring proper documentation and transparency for stakeholders.

The improved ESG rating indicates enhanced performance in sustainability and governance metrics, though the company emphasizes that this assessment was conducted without its direct engagement with the rating agency.

Minda Corporation , a leading automotive components manufacturer, has reported its highest ever quarterly revenue of Rs 1,535.00 crores in Q2, marking a robust 19% year-on-year growth. The company's performance, driven by sustained demand across vehicle segments and increased market share, showcases its strong position in the evolving automotive landscape.

Financial Highlights

The company's Q2 performance was marked by several record-breaking achievements:

Segment-wise Performance

Minda Corporation's growth was broad-based across its business segments:

• Mechatronics and Aftermarket: Registered a 12% growth, driven by strong domestic 2-wheeler demand.
• Information and Connected Systems: Witnessed a significant 26% growth, including robust performance in instrument clusters and wiring harness businesses.

Strategic Order Wins

The company secured several strategic orders during the quarter:

1. First sunroof order from a leading OEM, with production set to commence in Q1 FY27.
2. High-voltage EV wiring harness order from a prominent passenger vehicle manufacturer.
3. TFT cluster wins across various segments, including passenger vehicles.

These orders contribute to a lifetime order book of Rs 2,000.00 crores for Q2, with exports accounting for 15% of the total.

Flash Electronics Performance

Flash Electronics, Minda Corporation's associate company, reported strong Q2 results:

• Revenue: Rs 446.00 crores
• EBITDA: Rs 72.00 crores (16.1% margin)
• EV contribution: Approximately 23-24% of revenue

Future Outlook

Aakash Minda, Executive Director, commented on the company's future plans: "We remain committed to executing our strategic priorities with continued focus on enhancing our system solution offering, strengthening customer relationships, and investing in new technologies."

The company maintains its revenue growth guidance of 20-25% annually and targets an EBITDA margin greater than 12.5% by 2030. This growth strategy is built on five key pillars:

1. Investment in existing businesses
2. New market export focus
3. Premiumization of existing products
4. New product launches
5. Investment in R&D

Conclusion

With a robust order book, strategic investments in R&D and manufacturing capabilities, and a clear vision for 2030, Minda Corporation appears well-positioned to navigate the changing automotive landscape and deliver sustained growth in the coming years.