Minda Corporation Limited — Others, 12-08-2025: Monitoring Agency Report

Minda Corporation has received a Monitoring Agency Report from Acuité Ratings and Research on its preferential issue of share warrants. For the quarter ended June 30, 2025, the report confirmed no deviation in the utilization of funds. Out of the total INR 420.75 Crores preferential issue, the company received INR 105.19 Crore, representing 25% of the warrant issue price. This entire amount of INR 105.19 Crore has been fully utilized towards debt repayment as originally planned, demonstrating adherence to its stated objectives.