Minda Corporation Limited — Board Meeting, 28-03-2025: Outcome of Board Meeting

The Board of Directors of Minda Corporation Limited has approved the issuance of up to 76,50,000 warrants at a price of ₹550 per warrant, totaling ₹420.75 crores, to Minda Capital Private Limited on a preferential basis. This decision includes a postal ballot for member approval and is subject to regulatory clearances. Following the preferential allotment, Minda Capital's shareholding will increase from 16.14% to 18.74%, assuming all warrants are converted into equity shares.