Minda Corporation Share Price in Focus; Approves ₹500 Crore Fundraising and Expansion into China

Minda Corporation Limited has announced key decisions from its Board meeting on September 24, 2026. The Board has approved raising up to ₹500 crore through Non-Convertible Debentures via private placement.  

Additionally, the company will establish a wholly-owned subsidiary in China with an initial investment of $1 million, as per the exchange filings. 

Fundraising and Global Expansion Strategy 

The Board's decision to raise ₹500 crore through Non-Convertible Debentures marks a strategic move to bolster the company's financial resources. This capital will be raised via private placement, indicating a targeted approach to secure funds.  

Concurrently, Minda Corporation is set to expand its global footprint by establishing a wholly-owned subsidiary in China. The initial investment for this venture is $1 million, reflecting the company's commitment to international growth. 

Divestment and Leadership Changes 

In addition to fundraising and expansion plans, Minda Corporation has authorised the sale of its 29.5% equity stake in EVQ Point Solutions Private Limited. This transaction will be executed through its subsidiary, Spark Minda Green Mobility Systems.  

The Board has also made two significant corporate appointments. Ms. Meenal Bansal has been appointed as Company Secretary, and Mrs. Geetika Mishra will assume the role of Chief Procurement Officer. 

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Management Profiles and Regulatory Compliance 

Ms. Meenal Bansal, a law graduate with over 15 years of experience in secretarial compliance, previously led the secretarial and legal compliances department at STL Networks Limited.  

Mrs. Geetika Mishra, an engineering graduate from NIT Rourkela, brings over 25 years of industry experience, having held leadership roles at Hero Honda, Maruti Suzuki, and Motherson Sumi. 

The Board also reviewed a non-compliance notice from BSE Limited for the quarter ended June 30, 2026. A minor penalty of ₹2,000 was imposed for a one-day delay, which the company has already paid. 

Minda Corporation Share Price Performance 

As of September 24, 2026, at 1:27 PM, Minda Corporation share price on NSE was trading at ₹683.90, down by 0.75% from the previous closing price. 

Conclusion 

Minda Corporation's Board has approved raising ₹500 crore through Non-Convertible Debentures and establishing a subsidiary in China with a $1 million investment. The company also authorised the sale of a 29.5% stake in EVQ Point Solutions and appointed Ms. Meenal Bansal and Mrs. Geetika Mishra to key leadership roles. 

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