Minda Corporation Limited — Others, 13-03-2025: Action(s) taken or orders passed

Minda Corporation has reported a ruling from the Hon’ble High Court of Delhi regarding a settlement agreement with Mercedes-Benz Group AG, which involves a payment of EUR 5.5 million (approximately ₹52 Cr). This amount has already been deposited with the court and reflected in the company's financial statements as of March 31, 2024. The company has secured an indemnity from its promoter against potential losses from this obligation. As per legal advice, there are no immediate financial implications, maintaining a neutral impact on investor sentiment, while the company assesses the possibility of an appeal.