Minda Corporation Limited has revised the maturity date for its outstanding Commercial Paper (CP) due to a scheduled bank holiday for Holi on March 3, 2026. Following FIMMDA guidelines and communication from the IPA (HDFC Bank Limited), the redemption date has been moved one working day earlier to February 2, 2026. This affects the CP with a total face value of ₹100 crore.
Commercial Paper Maturity Date Adjustment
Minda Corporation Limited has issued an official communication regarding the revision of the redemption date for its Commercial Paper(s). This revision is necessitated by a bank holiday declared for Holi on March 3, 2026.
Revised Redemption Schedule
As per intimation received from the Investment Partgner Agency (IPA), HDFC Bank Limited, and in adherence to FIMMDA guidelines, the redemption process will occur one working day prior to the original maturity date. Consequently, the revised maturity date for the Commercial Paper is set as February 2, 2026.
The original maturity date was March 3, 2026. The transaction relates to the Redemption of Commercial Paper of ₹100 crore.
Commercial Paper Details
The following table summarizes the specific instrument affected by this mandatory revision:
| ISIN No | Original Maturity Date | Revised Maturity Date | Face Value | Quantity |
|---|---|---|---|---|
| INE842C14180 | 03.03.2026 | 02.03.2026 | ₹1,00,00,00,000.00 | 2,000.00 |
The IPA has requested that Minda Corporation fund the CP IPA account by 12:00 PM on February 2, 2026, to ensure timely processing of the redemption ahead of the holiday.
Source: BSE
