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Minda Corp Shareholders Approve New ESOP 2025 Scheme and Share Transfers
Minda Corporation has received shareholder approval via postal ballot for the implementation of the 'Minda – Employee Stock Option Scheme 2025'. The resolutions include the transfer of unallocated shares from the 2017 scheme and the extension of ESOP benefits to employees of subsidiaries and group companies. All four special resolutions were passed with the requisite majority, although Resolution 4 faced significant institutional opposition. This move is designed to enhance employee retention and align staff interests with long-term corporate performance.
Key Highlights
Shareholders approved the new 'Minda – Employee Stock Option Scheme 2025' with a 93.74% overall majority.
Resolution to transfer unallocated shares from the 2017 scheme to the 2025 scheme passed with 97.66% favor.
Granting ESOPs to subsidiary employees was approved despite 22.12% of institutional votes being cast against it.
Resolution 4 regarding group and associate company employees saw the highest resistance with 60.19% of institutional votes cast against.
Total voting turnout was high at 90.37% of outstanding shares, largely driven by 100% promoter participation.
💼 Action for Investors
Investors should monitor the eventual equity dilution resulting from the new ESOP scheme once options are granted. The high institutional dissent on grants to group/associate companies warrants a closer look at the company's governance and compensation policies for non-direct entities.
Minda Corp Signs JV with UK's Turntide for EV Powertrain Solutions; 49:51 Shareholding
Minda Corporation's subsidiary has entered into a Joint Venture (JV) with UK-based Turntide Drives to manufacture advanced EV components in India. The JV will be 49% owned by Minda and 51% by Turntide, focusing on high and low-voltage motor controllers, axial flux motors, and thermal pumps. This strategic partnership aims to localize global technology for India's growing EV market, specifically targeting the 2W, 3W, and PV segments. The agreement includes a three-year lock-in period for shareholding and a board structure of five directors.
Key Highlights
Formation of a 49:51 Joint Venture between Spark Minda Green Mobility and Turntide Drives Limited
Focus on manufacturing advanced motor controllers, axial flux motors, and thermal application pumps for the EV segment
Turntide to provide proprietary technology and technical know-how for localized production in India
A mandatory three-year lock-in period for share transfers from the execution date
Board of the new JV entity will consist of 5 directors, with 2 nominated by Minda and 3 by Turntide
💼 Action for Investors
Investors should view this as a positive long-term strategic move that enhances Minda Corp's technological capabilities in the high-growth EV powertrain segment. Monitor the JV's progress in securing OEM contracts and the timeline for production commencement.
Minda Corp Partners with UK's Turntide for EV Powertrain JV; Subsidiary to Hold 49% Stake
Minda Corporation's subsidiary, Spark Minda Green Mobility Systems, has signed a Joint Venture agreement with UK-based Turntide Drives Limited to manufacture advanced EV powertrain solutions. The JV will focus on high-growth components including axial flux motors, motor controllers, and thermal pumps for the Indian EV market. Minda Corp will hold a 49% stake in the new entity, while Turntide will hold 51% and provide proprietary technical know-how. This partnership significantly strengthens Minda Corp's technological capabilities in the electric vehicle ecosystem.
Key Highlights
Joint Venture shareholding structure set at 49% for Minda Corp's subsidiary and 51% for Turntide Drives UK.
Focus on manufacturing advanced motor controllers, axial flux motors, and thermal pumps for the Indian EV segment.
Turntide to provide proprietary technology and technical know-how for localized production in India.
A 3-year lock-in period has been established for shareholding transfers from the execution date.
The JV board will consist of 5 directors, with 2 nominated by Minda Corp's subsidiary and 3 by Turntide.
💼 Action for Investors
Investors should view this as a strategic move to capture the high-margin EV component market. Monitor the JV's ability to secure orders from major Indian OEMs and the timeline for setting up manufacturing facilities.
Minda Corp Seeks Approval for ESOP 2025; Transfers 32.18 Lakh Unallocated Shares
Minda Corporation has issued a postal ballot notice to seek shareholder approval for the new 'Minda – Employee Stock Option Scheme 2025'. The company proposes to transfer 32,18,517 unallocated equity shares from the existing 2017 ESOP pool to the new 2025 scheme. Importantly, this transition involves no fresh issuance of shares, as the options will be sourced from existing shares already held by the ESOP Trust. The voting period for these special resolutions is scheduled from February 14 to March 15, 2026.
Key Highlights
Reduction of ESOP 2017 pool from 53,41,840 to 21,23,323 options
Establishment of ESOP 2025 with a pool of 32,18,517 options
No fresh equity issuance required as shares are sourced from existing unallocated Trust holdings
Scheme coverage extended to employees of subsidiaries and group/associate companies
E-voting period for shareholders ends on March 15, 2026
💼 Action for Investors
Investors should note that this is a routine administrative update to employee compensation that does not result in equity dilution. No immediate action is required other than participating in the postal ballot if desired.
Minda Corp Q3 FY26: Record Revenue of ₹1,560 Cr, 25% YoY Growth & Interim Dividend
Minda Corporation reported its highest-ever quarterly revenue of INR 1,560 crores for Q3 FY26, marking a 25% YoY increase. EBITDA rose 28% to INR 184 crores with margins expanding to 11.8%, while PAT grew 36% to INR 84 crores. The company secured a lifetime order book of INR 2,000 crores during the quarter and announced an interim dividend of INR 0.60 per share. Management also appointed Ajay Agarwal as Group CFO and approved a new ESOP scheme for 2025.
Key Highlights
Achieved record quarterly revenue of INR 1,560 crores, up 25% YoY, outperforming industry growth.
EBITDA margins expanded by 30 bps YoY to 11.8%, with PAT increasing 36% to INR 84 crores.
Secured new lifetime orders worth INR 2,000 crores in Q3, bringing the 9M FY26 total to INR 7,000 crores.
Associate company Flash Electronics delivered strong performance with 18.4% EBITDA margins on INR 488 crores revenue.
Board recommended an interim dividend of 30% (INR 0.60 per share) and approved ESOP Scheme 2025.
💼 Action for Investors
Investors should view the record revenue and strong order book as indicators of robust market positioning and future growth visibility. Monitor the execution of the INR 400 crore capex plan and the ramp-up of new product lines like sunroofs and EV switches.
Minda Corp Utilizes ₹105.19 Cr from Warrant Issue for Debt Repayment; No Deviations Reported
Minda Corporation has released its Monitoring Agency Report for the quarter ended December 31, 2025, regarding its ₹420.75 crore preferential warrant issue. The company has raised ₹105.19 crore so far, representing the initial 25% subscription amount, and has fully utilized these proceeds for debt repayment. The monitoring agency, Acuité Ratings, confirmed that there are no deviations from the objects of the issue. No additional warrant subscriptions or fund utilizations were recorded during the third quarter of FY2025-26.
Key Highlights
Total preferential issue size of share warrants is ₹420.75 crores, initiated in June 2025.
₹105.19 crores (25% of the total issue price) has been raised and fully deployed towards debt repayment.
Monitoring agency Acuité Ratings reported zero deviation from the objects specified in the offer document.
The company maintains a clear track record of fund utilization with no idle funds reported as of Dec 31, 2025.
💼 Action for Investors
Investors should note the company's disciplined approach to using capital for deleveraging, which strengthens the balance sheet. Monitor the conversion of the remaining 75% of warrants in future quarters as a source of further liquidity or debt reduction.
Minda Corp Q3 Results: Declares 30% Interim Dividend, Appoints Ajay Agarwal as Group CFO
Minda Corporation has approved its financial results for the quarter and nine months ended December 31, 2025. The Board declared an interim dividend of Rs. 0.60 per share (30% of face value), with the record date fixed for February 13, 2026. In a significant leadership update, Mr. Ajay Agarwal has been elevated to the role of Group Chief Financial Officer and Group Chief Risk Officer. Furthermore, the company is introducing a new 'Employee Stock Option Scheme 2025' to enhance employee retention across its subsidiaries and group companies.
Key Highlights
Declared an interim dividend of Rs. 0.60 per equity share (30% on face value of Rs. 2) for FY2025-26.
Fixed February 13, 2026, as the Record Date for dividend eligibility, with payment scheduled by March 06, 2026.
Appointed Mr. Ajay Agarwal as Group CFO and Group Chief Risk Officer effective February 05, 2026.
Approved the launch of 'Minda Employee Stock Option Scheme 2025' and the transfer of unutilized shares from the 2017 scheme.
The Board meeting concluded at 2:15 p.m. following the approval of standalone and consolidated financial results.
💼 Action for Investors
Investors should note the dividend record date of February 13 to ensure eligibility for the Rs. 0.60 per share payout. The internal promotion of the Group CFO indicates management stability and continuity in financial strategy.
Minda Corp Declares 30% Interim Dividend (Rs 0.60/Share); Record Date Feb 13, 2026
Minda Corporation Limited has declared an interim dividend of Rs. 0.60 per equity share for the financial year 2025-26, which represents a 30% payout on its face value of Rs. 2. The company has fixed February 13, 2026, as the record date to identify eligible shareholders for this payout. The total dividend will be distributed across 239,079,428 equity shares. Shareholders can expect the payment to be processed on or before March 06, 2026.
Key Highlights
Interim dividend of Rs. 0.60 per equity share (30% of face value) declared.
Record date for eligibility set as Friday, February 13, 2026.
Dividend payment to be completed on or before March 06, 2026.
Payout applies to a total base of 239,079,428 equity shares of Rs. 2 each.
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the ex-dividend date, which is typically one working day prior to the record date. This announcement reflects a steady return of capital to shareholders.
Minda Corp Q3 FY26: Revenue Up 25% YoY to ₹1,560 Cr, Interim Dividend of ₹0.60 Declared
Minda Corporation reported a strong performance for Q3 FY26 with its highest-ever quarterly revenue of ₹1,560 crore, a 25% YoY increase. EBITDA margins expanded by 30 bps to 11.8%, while Profit After Tax (PAT) grew by 36% YoY to ₹88 crore. The company announced an interim dividend of ₹0.60 per share and highlighted a robust lifetime order book exceeding ₹7,000 crore. Furthermore, a massive ₹2,000 crore capex plan over the next five years signals aggressive expansion in the automotive component space.
Key Highlights
Highest ever quarterly revenue of ₹1,560 crore, representing 25% YoY growth.
EBITDA increased by 27.8% YoY to ₹184 crore with margins improving to 11.8%.
Lifetime order book stands at over ₹7,000 crore, with ₹2,000 crore in new orders during 9M FY26.
Board recommended an interim dividend of 30% (₹0.60 per equity share).
Planned capital expenditure of ₹2,000 crore over the next 5 years for greenfield facilities in Die Casting and Instrument Clusters.
💼 Action for Investors
Investors should take note of the consistent margin expansion and the strong order book which provides high revenue visibility. The aggressive capex plan and entry into high-growth segments like sunroofs and EV components make it a strong candidate for long-term portfolios.
Minda Corp Q3 FY26: Highest Ever Revenue of ₹1,560 Cr, PAT Jumps 30% YoY
Minda Corporation reported its highest-ever quarterly revenue of ₹1,560 crore for Q3 FY26, marking a robust 24.6% YoY growth driven by product premiumisation and strong demand in 2W and CV segments. EBITDA grew by 27.8% YoY to ₹184 crore, with margins expanding by 30 bps to 11.8%. The company's Reported PAT saw a significant increase of 30.1% YoY to ₹84 crore. Additionally, the board has recommended an interim dividend of ₹0.60 per share and appointed Ajay Agarwal as the Group CFO.
Key Highlights
Highest ever quarterly revenue of ₹1,560 crore, up 24.6% YoY and 1.6% QoQ
EBITDA increased 27.8% YoY to ₹184 crore with an improved margin of 11.8%
Reported PAT grew 30.1% YoY to ₹84 crore, though slightly down 0.4% sequentially
Interim dividend of 30% (₹0.60 per equity share) declared for shareholders
9M FY26 revenue reached ₹4,482 crore, a 20% growth over the corresponding period last year
💼 Action for Investors
Investors should take note of the company's consistent top-line growth and margin expansion despite a dynamic market. The focus on premiumisation and a strong order book across vehicle categories makes it a solid pick in the auto-ancillary space.
Minda Corp Declares Rs 0.60 Interim Dividend and Appoints New Group CFO
Minda Corporation has announced an interim dividend of 30%, which translates to Rs. 0.60 per equity share for the financial year 2025-26. The company has fixed February 13, 2026, as the record date for determining shareholder eligibility for this payout. In a significant leadership move, Mr. Ajay Agarwal has been appointed as the Group Chief Financial Officer and Group Chief Risk Officer. Furthermore, the board has approved a new Employee Stock Option Scheme (ESOP 2025) to incentivize employees across its subsidiaries and group companies.
Key Highlights
Declaration of interim dividend at 30% or Rs. 0.60 per equity share on 23,90,79,428 shares.
Record date for dividend payment fixed as February 13, 2026, with payment by March 06, 2026.
Appointment of Mr. Ajay Agarwal as Group CFO and Group Chief Risk Officer effective February 05, 2026.
Approval of 'Minda Employee Stock Option Scheme 2025' and amendment to the existing ESOP 2017 scheme.
Board approval of un-audited standalone and consolidated financial results for Q3 and nine months ended Dec 31, 2025.
💼 Action for Investors
Investors interested in the dividend should ensure they hold shares before the record date of February 13, 2026. The appointment of a seasoned professional as GCFO and the new ESOP scheme are positive indicators of corporate governance and long-term talent strategy.
Minda Corp Declares ₹0.60 Interim Dividend and Appoints Ajay Agarwal as Group CFO
Minda Corporation has declared an interim dividend of ₹0.60 per equity share (30% of face value) for the financial year 2025-26. The company has fixed February 13, 2026, as the record date for determining shareholder eligibility, with payments to be completed by March 06, 2026. In a significant leadership move, Mr. Ajay Agarwal has been appointed as the Group Chief Financial Officer and Group Chief Risk Officer. Additionally, the board approved a new 'Employee Stock Option Scheme 2025' to align employee interests with long-term growth.
Key Highlights
Interim dividend of ₹0.60 per share declared on 23,90,79,428 equity shares of ₹2 each
Record date for dividend eligibility set for February 13, 2026
Mr. Ajay Agarwal appointed as Group CFO and Group Chief Risk Officer effective February 05, 2026
Introduction of 'Minda Employee Stock Option Scheme 2025' for group and subsidiary employees
Dividend payment to be processed on or before March 06, 2026
💼 Action for Investors
Investors interested in the dividend should ensure they hold the stock before the February 13 record date. The internal promotion of the CFO suggests management stability and continuity in financial strategy.