Minda Corporation Limited announced the outcome of its Board Meeting held on November 3, 2026. The board approved the Un-Audited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026. Key decisions also included an additional investment of up to ₹37 Crores in its joint venture, Minda HCMF Technologies Private Limited, and changes in directorship and committee compositions, including the appointment of a new Independent Director and reconstitutions of various board committees.
Board Meeting Outcomes
Minda Corporation Limited convened its Board Meeting on November 3, 2026, to discuss and approve several critical business matters. The meeting resulted in the approval of the Standalone and Consolidated Un-Audited Financial Results for the quarter and half year ended September 30, 2026. These results, along with the Limited Review Report from the Statutory Auditors, M/s. S.R. Batliboi & Co. LLP, have been submitted as per SEBI Listing Regulations.
Strategic Investment Approved
In a significant move to bolster its joint venture operations, the Board of Directors has sanctioned an additional investment of up to ₹37 Crores in Minda HCMF Technologies Private Limited. This investment will be made through the subscription of 3 Crore equity shares at ₹10 each. Post-allotment, Minda Corporation’s total investment in this 50:50 joint venture is expected to reach approximately ₹60 Crores, representing about 6 Crore equity shares.
Board and Committee Restructuring
The meeting also addressed key changes in the company’s governance structure:
- Mrs. Pratima Ram’s Tenure Completion: Mrs. Pratima Ram will complete her term as an Independent Director on November 09, 2026, and will consequently cease to be an Independent Director and a member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders’ Relationship Committee, and Corporate Social Responsibility Committee. The Board expressed its appreciation for her contributions.
- Appointment of New Independent Director: Based on the Nomination and Remuneration Committee’s recommendation, Mrs. Rachna Nath (DIN: 02794602) has been appointed as an Additional Director in the capacity of Independent Director for a term of five consecutive years, effective from November 10, 2026, subject to shareholder approval.
- Lead Independent Director: Mr. Ravi Sud has been appointed as the Lead Independent Director, effective November 10, 2026.
- Minda Instruments Limited: Mrs. Pratima Ram will cease her role as a nominated Independent Director of Minda Instruments Limited on November 09, 2026, with Mrs. Rachna Nath taking over this role from November 10, 2026.
- Committee Re-constitution: Effective November 10, 2026, the following committees have been re-constituted:
- Audit Committee: Mr. R. Laxman appointed as Chairperson, Mrs. Rachna Nath as Member.
- Nomination & Remuneration Committee: Mrs. Rachna Nath appointed as Member.
- Stakeholders’ Relationship Committee: Mr. Ravi Sud appointed as Member.
- Corporate Social Responsibility Committee: Mr. R. Laxman appointed as Chairperson.
The financial results and other related information will be made available on the company’s website, www.sparkminda.com. The Board meeting commenced at 12:15 PM and concluded at 02:45 PM.
Source: BSE
