Minda Corporation Limited announced the approval of its standalone and consolidated un-audited financial results for the quarter and half-year ended November 03, 2026. The board also approved an additional investment of up to ₹37 Crores in Minda HCMF Technologies Private Limited, a 50:50 joint venture. This strategic investment aims to increase the company’s total stake in the joint venture to approximately ₹60 Crores.
Financial Results Approved
Minda Corporation Limited’s Board of Directors, in their meeting held on November 03, 2026, reviewed and approved the un-audited standalone and consolidated financial results for the quarter and half-year ending November 03, 2026. The Limited Review Report from the Statutory Auditors, M/s. S.R. Batliboi & Co. LLP, confirmed an unmodified opinion on these results.
Strategic Investment in Joint Venture
A key decision made by the Board was the approval of an additional investment of up to ₹37 Crores in Minda HCMF Technologies Private Limited. This company is a 50:50 joint venture with HCMF Co., Ltd. The investment will be made through the subscription of 3 Crore equity shares of ₹10 each. Following this proposed allotment, Minda Corporation’s total investment in the joint venture is expected to rise to approximately ₹60 Crores, comprising about 6 Crore equity shares.
Board and Committee Reconstitutions
The Board also noted the completion of tenure for Mrs. Pratima Ram as an Independent Director on November 09, 2026, expressing gratitude for her contributions. Consequently, Mrs. Rachna Nath (DIN: 02794602) has been appointed as an Additional Director in the capacity of Independent Director for a term of five years, effective November 10, 2026, subject to shareholder approval. Mr. Ravi Sud has been appointed as the Lead Independent Director effective the same date. Significant re-constitutions of the Board Committees, including the Audit Committee, Nomination & Remuneration Committee, Stakeholders’ Relationship Committee, and Corporate Social Responsibility Committee, were also approved, effective November 10, 2026.
Source: BSE
