Minda Corporation Ltd

Deal snapshot

• Target: Agganga Private Limited, engaged in solar PV energy in India.
• Turnover on 31.03.2026: Nil; PAT Rs 0.03 lacs.
• Incorporation: 2025.
• Presence: India.
• Industry: Renewable Energy.
• Acquisition not related party; promoter interest: none.
• Strategic rationale: reduce power costs via solar and wind energy.
• Completion timeline: approximately 6 months.
• Consideration: cash; cost up to Rs 112.20 lacs.
• Post-deal holding: Minda to hold 26% in Agganga.
• Regulatory approvals: Not Applicable.

Target background

• Products/line: Generation of Renewable Energy.
• Incorporation: 2025.
• Turnover 2025-26: Nil; earlier years NA.
• Presence: India.

Issuance details

• Security type: Commercial Paper, listed on NSE.
• Size: INR 100 crore; Issue date 29-09-2026; Redemption date 28-12-2026.
• Face value per security: INR 5,00,000; Discount rate 6.6% p.a.
• ISIN: INE842C14255.
• Tenure: approximately 3 months.

Issuer and listing

• Issuer: Minda Corporation Limited.
• CP listed on NSE on 29-09-2026.

Minda Corporation Ltd — Trading Window closed from October 01, 2026 until completion of 48 hours after declaration of unaudited financial results for the quarter and half year ended September 30, 2026

Commercial Paper Redemption

• Rs 100 crore CP ISIN INE842C14222 issued 15 July 2026 redeemed.
• Payment completed on 22 September 2026 per SEBI circular 2021/613.

Meeting Details

• Date and time: 25 September 2026, 9:00 am to 4:00 pm.
• Mode: In-person meetings (one-on-one and group) in Mumbai.
• Event/organiser: Investor meetings with company officials.
• Key participant: Group CFO and President–Finance & Strategy.
• Purpose: Investor interaction; no price sensitive information will be shared.
• Location: Mumbai, India.

Meeting Details

• Date: 25 September 2026
• Time: 9:00 am to 4:00 pm
• Mode: In-person one-on-one and group meetings
• Location: Mumbai

Participants

• Group CFO and President – Finance & Strategy to participate

Purpose

• Intimation of investor meetings in Mumbai

Additional Notes

• No unpublished price sensitive information will be shared during meetings

Meeting Details

• Date: Thursday, September 24, 2026; time and venue not disclosed.

Key Agenda Items

• Consider raising funds via issue of Non-Convertible Debentures in one or more tranches, subject to approvals.

Other Notes

• Trading window closed for designated persons until 48 hours after public disclosure on Sep 24, 2026.

ESG rating disclosure

• Niche Ninety Nine Capability and Certifications (OPC) Private Limited assigned ESG rating 66 to Minda Corporation Ltd.
• Rating was mailed to the Company on September 15, 2026.
• Company has not engaged Niche; rating prepared independently from public information.
• ESG rating information will be available on the Company's website.
• Rating information will also be available at sparkminda.com.