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.

Minda Corporation has announced record dates for the redemption of commercial papers worth ₹300 crore, as communicated to stock exchanges on February 24, 2026. The announcement follows SEBI Circular No. SEBI/HO/DDHS/PoD1/P/CIR/2024/54 dated May 22, 2024, regarding commercial paper record date requirements.

Commercial Paper Redemption Schedule

The company has outlined the redemption timeline for three separate commercial papers, each valued at ₹100 crore:

Regulatory Compliance

The record dates have been established in accordance with SEBI regulations governing commercial paper redemptions. Each record date falls one day prior to the respective maturity date, ensuring proper settlement procedures for investors.

Filing Details

The notification was signed by Company Secretary Pardeep Mann (Membership No. A13371) and submitted to both the National Stock Exchange of India Ltd. and BSE Limited. The filing ensures compliance with listing requirements and provides transparency to stakeholders regarding the upcoming redemptions.

The staggered maturity structure spans approximately two weeks, with redemptions scheduled for early March and mid-March 2026. This timeline allows for systematic settlement of the commercial paper obligations totaling ₹300 crore.