Minda Corporation Limited — Important, 24-04-2025: Disclosure of material issue

Minda Corporation Limited has entered into a Share Subscription Agreement with Furukawa Electric Company Limited and Furukawa Automotive Systems Inc. Under this agreement, Furukawa will subscribe to 5 crore equity shares of ₹10 each in Furukawa Minda Electric Private Limited. Upon completion, Furukawa's shareholding will increase from 75% to 82.46%, while Minda's stake will decrease from 25% to 17.54%. This shift could enhance Furukawa's influence over the joint venture, paving the way for strategic alignment in future initiatives. Observers should note this development as it signifies a shift in control that may impact Minda's strategic directions moving forward.