Minda Corporation’s board has approved an interim dividend of 30%, or ₹0.60 per share. Additionally, Mr. Ajay Agarwal has been appointed as Group Chief Financial Officer (GCFO) and Group Chief Risk Officer (GCRO), effective February 5, 2026. The board also approved amendments to employee stock option schemes, including the transfer of unutilized shares to a new scheme for 2025.
Financial Highlights
The board has declared an interim dividend of ₹0.60 per equity share (30%) on 239,079,428 equity shares. The record date for determining shareholders’ eligibility for the dividend is set for February 13, 2026, and the dividend will be paid on or before March 6, 2026.
Leadership Appointments
Mr. Ajay Agarwal has been appointed as the Group Chief Financial Officer (GCFO) and Key Managerial Personnel (KMP) and Group Chief Risk Officer (GCRO), effective February 5, 2026. He will take on these additional roles while continuing in his existing position as President of Finance & Strategy.
Employee Stock Option Schemes
The board approved amendments to the ‘Employee Stock Option Scheme 2017 (ESOP 2017)’ and the transfer of unutilized equity shares to the ‘Minda – Employee Stock Option Scheme 2025‘ scheme. Further approvals include:
- Grant of Employee Stock Options to employees of subsidiary companies under the ‘Minda – Employee Stock Option Scheme 2025‘.
- Grant of Employee Stock Options to employees of group companies, including associate companies, under the ‘Minda – Employee Stock Option Scheme 2025‘.
- Approval of postal ballot notice for approval of Minda Employee Stock Option Scheme 2025 and amendment in existing Employee Stock Option Scheme 2017 (ESOP 2017).
Financial Performance (Q3 2026)
Minda Corporation reported unaudited standalone revenue from operations of ₹126,336 lakhs for Q3 2026 and ₹364,662 lakhs for the nine months ending December 31, 2025. Net profit after tax was ₹7,940 lakhs and ₹16,822 lakhs for the respective periods. The consolidated results show revenue from operations of ₹156,029 lakhs for the quarter and ₹448,153 lakhs for the nine-month period, with a net profit after tax of ₹8,427 lakhs and ₹23,422 lakhs respectively.
Source: BSE
