Minda Corporation Limited — Important, 20-07-2026: Disclosure of material issue

**Minda Corporation (MCL) strengthens its Electric Vehicle (EV) segment!**

MCL has invested ₹25 Cr by acquiring an additional 2.5 Cr equity shares in its wholly-owned subsidiary, Spark Minda Green Mobility Systems Private Limited. This strategic move maintains MCL's 100% shareholding and provides crucial growth capital for the subsidiary's business requirements.

The subsidiary, focused on the design, development, and manufacturing of EV parts & components, is showing strong momentum. Its turnover for FY26 reached ₹53.62 Cr, up from ₹40.53 Cr in FY25 and ₹35.44 Cr in FY24. This investment reinforces MCL's commitment to its existing business strategy in the rapidly expanding EV market.

#MindaCorp #EV #Growth