Interim report
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November 03, 2026 The Officer-In-Charge (Listing) Listing Department National Stock Exchange of India Ltd., Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai - 400 051 Scrip Code: MINDACORP Head - Listing Operations, BSE Limited, P.J. Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 538962 Sub: Outcome of Board Meeting held on November 03, 2026 Dear Sir/Madam, Pursuant to Regulation 30, 33, 52 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) , we hereby inform you that the Board of Directors of the Company at its meeting held today i.e. Tuesday, November 03, 2026 have considered and approved the following: - 1. Standalone and Consolidated Un-Audited Financial Results for the quarter and half year ended November 03, 2026 under Regulation 33 of SEBI Listing Regulations - The disclosures related to Integrated Financial Results pursuant to SEBI Circular SEBI/HO/CFD/CFDPoD 2/CIR/P/2024/185 dated December 31, 2024 read with relevant circulars issued by stock exchanges along with said Financial Results and Limited Review Report of the Statutory Auditors on the said results are enclosed as Annexure I. We hereby further confirm and declare that Statutory Auditors of the Company, M/s. S.R. Batliboi & Co. LLP, Chartered Accountants have issued a Limited Review Reports with unmodified opinion on the Un - Audited Standalone & Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026. Press Release on the Un-Audited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026 is enclosed as Annexure II. 2. The Board of Directors has approved an additional investment of up to Rs 37 Crores in Minda HCMF Technologies Private Limited, a joint venture company of the Company with HCMF Co., Ltd., (shareholding ratio 50:50), by way of subscription to 3 (Three) crore equity shares of Rs 10 each. Pursuant to the proposed allotment, the Company's total investment in the joint venture will increase to approx. Rs. 60 Crores, comprising of approx. 6 Crore equity shares of Rs. 10 each.
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3. Completion of tenure of Mrs. Pratima Ram (DIN: 03518633), Independent Director of the Company. Mrs. Pratima Ram shall complete her second and final consecutive term as an Independent Director of the Company on November 09, 2026 and consequently cease to be an Independent Director of the Company with effect from the close of business hours on November 09, 2026. The Board of Directors place d on record its deep appreciation for her valuable contributions, guidance, and commitment t owards strengthening the Company's governance framework and strategic growth during her tenure. Consequent to her tenure completion, Mrs. Pratima Ram ceases to be a member of the Audit Committee, Nomination & Remuneration Committee, Stakeholders’ Relationship Committee, Corporate Social Responsibility Committee of the Company with effect from the close of business hours on Monday, November 09, 2026. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure III. 4. Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors of the Company has approved the appointment of M rs. Rachna Nath (DIN: 02794602) as an Additional Director in the capacity of Independent Director of the Company for the first term of five consecutive years w.e.f. November 10, 2026, subject to the approval of the shareholders of the Company. Mrs. Rachna Nath is not debarred from holding the office of director by virtue of any order of the Securities and Exchange Board of India or any other authority. The details required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure IV. 5. Appointment of Mr. Ravi Sud as the Lead Independent Director of the Company w.e.f. November 10, 2026. 6. Pursuant to the provisions of Regulation 24 of SEBI Listing Regulations, Mrs. Pratima Ram shall cease to act as nominated Independent Director of Minda Instruments Limited (material subsidiary of the Company) on behalf of the Company effective from the close of business hours on November 09, 2026 and Mrs. Rachna Nath shall act as nominated Independent Director of Minda Instruments Limited on behalf of the Company effective from November 10, 2026. 7. Approved re-constitution of the following Committees of the Board of Directors w.e.f. November 10, 2026: • Reconstitution of Audit Committee by appointment of Mr. R. Laxman as a Chairperson in place of Mrs. Pratima Ra m and appointment of Mrs. Rachna Nath as a Member. Post reconstitution, the composition of the Audit Committee is as under:
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Name Designation Mr. R. Laxman Chairperson Mr. Ravi Sud Member Mrs. Rachna Nath Member • Reconstitution of Nomination & Remuneration Committee by appointment of Mrs. Rachna Nath as Member of the Committee in place of Mr s. Pratima Ram. Post reconstitution, the composition of the Nomination & Remuneration Committee is as under: Name Designation Mr. Gajanan V Gandhe Chairperson Mr. Ravi Sud Member Mrs. Rachna Nath Member • Reconstitution of Stakeholders’ Relationship Committee by appointment of Mr. Ravi Sud as Member of the Committee in place of Mrs. Pratima Ram. Post reconstitution, the composition of the Stakeholders’ Relationship Committee is as under: Name Designation Mr. R. Laxman Chairperson Mr. Ravi Sud Member Mr. Gajanan V Gandhe Member • Reconstitution of Corporate Social Responsibility Committee by appointment of Mr. R . Laxman as Chairperson of the Committee in place of Mrs. Pratima Ram. Post reconstitution, the composition of the Corporate Social Responsibility Committee is as under: Name Designation Mr. R. Laxman Chairperson Mr. Ashok Minda Member Mr. Gajanan V Gandhe Member
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You are requested to take on record the above information. The above information will be made available on the website of the Company www.sparkminda.com The Meeting of the Board of Directors Commenced at 12:15 PM and concluded at 02:45 PM. Thanking you, For Minda Corporation Limited Meenal Bansal Company Secretary & Compliance Officer Membership No. A35091
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Annexure III S. no. Terms Particulars 1. Reason for change viz. appointment, re- appointment, resignation, removal, death or otherwise; Mrs. Pratima Ram , Independent Director o f the Company, will be completing her term as an Independent Director of the Company on November 09, 2026, and consequently will cease to be an Independent Director of the Company with effect from close o f business hours of November 09, 2026. She will also cease to be a member of various committees of the Board of Directors of the Company with effect from the close of business hours on that date. 2. Date of appointment/re- appointment/cessation (as applicable) & term of appointment/re-appointment; Close of business hours of November 09, 2026 3. Brief profile (in case of appointment); Not Applicable 4. Disclosure of relationships between directors (in case of appointment of a director). Not Applicable
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Annexure IV S. no. Terms Particulars 1. Reason for change viz. appointment, re- appointment, resignation, removal, death or otherwise; Appointment of Mrs. Rachna Nath (DIN: 02794602) an Additional Director in the capacity of Independent Director of the Company for the first term of five consecutive years w.e.f. November 10, 2026 to November 09, 31, subject to the approval of the shareholders of the Company. 2. Date of appointment/re- appointment/cessation (as applicable) & term of appointment/re-appointment; November 10, 2026 3. Brief profile (in case of appointment); Mrs. Rachna Nath holds a Master of Computer Applications (MCA) from BITS Mesra and a B.Sc. (Hons.) from Jadavpur University. She is a seasoned business leader, strategist, and technology transformation expert with over 32 years of experience in strategy, d igital transformation, technology adoption, governance, organisational change, and leadership development across sectors including manufacturing, infrastructure, energy, banking, insurance, retail, consumer, and logistics. Prior to this, she held senior leadership positions at Microsoft, including Lead - Business Applications, Asia Pacific; Country Leader - Microsoft Consulting Services India; and member of the Microsoft India Senior Leadership Team. She has also served as Partner at KPMG India and PwC India. 4. Disclosure of relationships between directors (in case of appointment of a director). Mrs. Rachna Nath is not related to any of the Board of Directors of the Company.
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S.R. 8ArL1B01 & Co. LLP Chartered Accountants 4th Floor, Office 405 World Mark - 2, Asset No. 8 IGI Airport Hospitality District, Aerocity New Delhi - 110 037, India Tel : +91 11 4681 9500 Independent Auditor's Review Report on the Quarterly and Year to Date Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Minda Corporation Limited I. We have reviewed the accompanying statement of unaudited standalone financial results of Minda Corporation Limited (the "Company") for the quarter ended September 30, 2026 and year to date from April O I, 2026 to September 30, 2026 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants oflndia. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For S.R. Batliboi & Co. LLP Chartered Accountants ICAI Ffr �:;? number: 30 I 003E/E300 ..s 00 � 5 =� per Vikas �/a Partner Membership No.: 094421 UDIN: 2609442 ITHFCVL2780 Place: New Delhi Date: November 03, 2026 S.R. Batliboi & Co. LLP, a Limited Liability Par,nership with LLP Identity No. AAB·4294 Regd. Office: 22, Camac Street. Block '8', 3rd Floor. Kolkata·700 016
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��-[MINDA) MINDA CORPORA TJON LIMITED CIN, L74899DLJ985PLC020401 ,,,,,_.,.,flll>·tf>.a .. lo,, REGO. OFFICE: A-15, Ashok Vihar, Phase I, Delhi- I 10052 im·cstor@mlndacorporalion.com (Website: www.sparkminda.com) STATEMENT OF UNAUDITED STANDALONE FINANCIAL RES UL TS FOR THE QUARTER AND HALF YEAR ENDED SEPTEI\-IBER 30, 2026 Particulars ], Income {a) Revenue from operations (bl Other income Total income 2. Expenses a) Cost of materials consumed b) Purchase orstock-in•tradc c) Changes in inventories orlinishcd goods, work•in•progre;s and stock-in-trade d) Employee benefits expense e) Finance costs f) Depreciation and amonization expense ) Other expenses Total exnenscs 3. Profit/ (loss) before cxccotional Item and tax 4. Exce111ional item (refer nolc 6) 5. Profit before tax 6. Tax expense (a) Current tax (b) oererred tax chn�e/ (credit) Total tax expenses 7. Profit after lax for the ncriod / ,•car(A) 8. Other comprchensh·e income Item that will not be reclassified suhscqucntl�• to profit and loss -Remeasurement gain/ (loss) on defined benefit obligation -Income tax relating to items that will not be reclassified to profit or loss 9. Other comprchcnsh·e income for the 11eriod / vcar (B) 10. Total comurehcnslvc income for the oeriod / ,·car (A+B) I I. Paid-up equity share capital (Face value of Rs. 2 per share) 12. Other equity 13. Earnings per share (Face ,·alue of Rs. 2 per share) - (nol annualised) a) Basic(Rs.) b) Diluted (Rs.) Quarter ended Scntcmhcr 30, 2026 June 30, 2026 Scntcmhcr 30, 2025 (Unaudited) (Unaudited) (Unaudited) 1,72,460 1,40,059 1,24,871 381 205 417 1,72.841 1,40,264 l,2 5,288 1,12,609 87,200 74,929 \697 J,95) 2,574 (4,837) (),604) (959) 23,828 21,803 19,807 ),416 3,096 3,105 5,055 4,986 4,763 17,l 14 14,592 14,771 I 60,882 1,32 026 1,18,990 11,959 8,238 6,298 11,959 8,238 6,298 3,310 2,454 1,935 (236) (329) (336) 3,074 2,125 1,599 8,885 6,113 4,699 106 (27) 79 8,885 6.113 4,778 4,782 4,782 4,782 .J.72 2.56 1.97 .J.72 2.56 1.97 S.R. Batliboi & Co. LLP, New Delhi for Identification (Rs. in lakhs unless othcn,·Jsc stated) Half year ended Year ended Scntcmhcr 30, 2026 Scotcmhcr JO. 2025 March 31, 2026 (Unaudited) (Unaudited) (Audited) J,12,519 2,38,326 5,01,702 586 1,412 4,925 3,IJ,105 2,39,738 5,06,627 1,99,809 1,41,0:\9 3,00,62:\ 7,650 6,152 11,469 (8,4411 11,276) 12,685) 45,631 39,017 78,404 fi,512 6,381 12,248 10,lMI 9,475 19,137 31,706 27,250 55,962 2,92,908 2,28,038 4,75,158 20,197 11,700 31,469 (64) 20,197 11,700 31,405 5,764 3,201 7,264 (565) ()831 (151 5,199 2,818 7.249 14,998 8,882 24,156 106 357 (27) (90) 79 267 14,998 8,961 24 423 4,782 4,782 4,782 2,17,631 6.27 3.72 Hl.10 6.27 J.72 10.10
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MINDA CORPORATION LlMJTED CIN: L74899DL1985PLC020401 REGO. OFFICE: Al5, Ashok Vihar, Phase I, Delhi- I 10052 investor@mindacorporation.com (Website: www.sparkminda.com) STATEMENT OF UNAUDITED STANDALONE ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2026 Particulars ASSETS Non-current assets Property, plant and equipment Capital work-in-progress Goodwill Other Intangible assets Intangible assets under development Financial assets i. Investments ii. Other financial assets Deferred tax assets (net) Income tax assets (net) Other non-current assets Total non-current assets Current assets Inventories Financial assets i. Trade receivables ii. Cash and cash equivalents iii. Other bank balances iv. Loans V, Other financial assets Other current assets Total current assets Total assets EQUJTY AND LIABILITIES EQUJTY Equity share capital Other eauitv Total equity LIABILITIES Non-current liabilities Financial liabilities i. Borrowings ii. Lease liabilities Provisions Other non-current liabilities Total non-current liabilities Current liabilities Financial liabilities i. Borrowings ii. Lease liabilities iii. Trade payables (a) Total outstanding dues of micro enterprises and small enterprises (b) Total outstanding dues of creditors other than micro enterprises and small enterprises iv. Other financial liabilities Other current liabilities Provisions Current tax liabilities (net) Total current liabilities Total liabilities Total equity and liabilities S.R. Batliboi & Co. LLP, New Delhi �� ,½ -Jo r a ,r�-• f,,'o'•-- --,o., \ I ' • '\';) (( r,; ( 1"1CI , ,, \I .\\ \\·- ,1 - ... __ .. � I ' I � \ \',".,.•\ '0/'y As at Sentember 30 2026 (Unaudited) 1,30,530 8,100 2,040 2,529 3,581 1,82,526 2,542 780 1,190 9,098 3,42,916 70,913 94,067 1,008 1,273 1,710 12,523 11,206 1,92,700 5,35,616 4,782 2,30,938 2,35,720 29,881 19,730 5,425 448 55,484 1,16,234 3,845 9,247 1,00,468 5,883 6,127 926 1,682 2,44,412 2,99,896 5,35,616 .m a s (Rs ' L kh) March 31, 2026 (Audited) 1,22,623 8,378 2,040 2,753 2,841 1,76,232 2,313 215 1,190 10,409 3,28,994 51,973 71,228 1,873 1,238 4,137 4,947 5,592 1,40,988 4,69,982 4,782 2,17,631 2,22,413 37,292 18,137 4,977 447 60,853 89,669 3,349 6,837 75,871 5,381 4,600 1,009 - 1,86,716 2,47,569 4,69,982 �)� rt ,.for ldent1ficalion
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MINDA CORPORATION LIMITED CIN: L 74899DLI 985PLC02040 I REGD. OFFICE : Al5, Ashok Vihar, Phase I, Delhi- 110052 investor@mindacorporation.com (\Vebsite: www.sparkminda.com) iffi·W�Y, MINDA l ------ Pow�1ed by Passion STATEMENT OF UNAUDITED STANDALONE CASH FLOW FOR THE HALF YEAR ENDED SEP TEMBER 30, 2026 Particulars A. CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax Adjustments to reconcile profit before tax to net cash flows: Depreciation and amortization expense lmpainnent allowances for trade receivable Bad debts / amounts written off Interest expense (Gain)/ loss on sale/ discard of property. plant and equipment (net) Interest income Unrealised foreign exchange (gain)/ loss Gain on derecognition of Right-of-Use assets Fair value of investment in preference shares Net gain on disposal/ fair valuation of investments Dividend income Employee stock compensation expense Warranty expenses Operating profit before working capital changes Working capital adjustments: (Increase)/ decrease in trade receivables (Increase)/ decrease in inventories (Increase) I decrease in other financial assets and other assets Increase/ (decrease) in trade payables Increase I (decrease) in other financial liabilities and other liabilities Increase / (decrease) in provisions Cash flow from operating activities post working capital changes Income tax paid (net) Net cash flow from / (used in) from operating activities (A) B. CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment, intangible assets and capital work-in-pro1,ress Proceeds from sale of property, plant and equipment Investment in mutual funds Proceeds from sale of investment in mutual funds Dividend received lnvesunent in subsidiary Investment in associate/ joint venture (Investment)/ Maturity in fixed deposits (net) Repayment ofloan by related parties Loan given to related parties Interest received Net cash flow from / (used in) investing activities (BJ C. CASH FLOWS FROM FINANCING ACTIVITIES Payment of final dividend Proceeds from issue of Share Warrants Proceeds from/ (repayment of) short term borrowings (net) Proceeds from long term borrowings Repayment of long tenn borrowings (including current maturities) Repayment of loan taken from related party Loan taken from related party Interest paid Repayment of principal and interest portion oflease liabilities Net cash flow from / (used in) financing activities (C) Net increase/ (decrease) in cash and cash equivalents (A+ B + C) Cash and cash equivalents at the beginning of the period Cash and cash equivalents at the end of the period S.R. Batliboi & Co. LLP, New Delhi for ldentificatio n /_;::--::.� ;,\�Orc,i0° fr .. ?, ,�� fi'ro'( m=1 P, k-\\'�' -- /211%?-·>------ /f:;"j/ ' .:- ___d:f'' -:� � 1/ /'\ I I (Rs in Lakhs) Half year ended Half year ended September 30, 2026 September 30, 2025 (Unaudited) (Unaudited) 20,197 11,700 10,041 9.475 3 44 28 3 6.512 6,381 81 35 (140) (168) (351) (110) (16) (9) (9) (9) (6) (720) 207 9 129 319 36,689 26,937 (22,342) (8,232) (21,340) (3,674) (5,826) 7.402 26,831 8.546 1.823 (2.369) 236 216 16,071 28,826 (4.082) (2.610) 11,989 26,216 (12.900) (20,080) 10 50 (27,300) (28,500) 27,309 28,506 720 (5,120) (1,000) (1.164) (153) (36) (I 76) 2,400 1,000 (1,500) 169 324 (16,632) (20,809) (1,913) (2.152) 10.519 26.538 (11,118) 9,997 (7.317) (4,708) (850) 2,000 (5,738) (5,596) (7,792) (3,312) 3,778 (5,220) (865) 187 1,873 805 1,008 J 992 :iA - - --
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MINDA CORPORATION LIMJTED CIN: L74899DL1985PLC020401 REGD. OFFICE : A-15, Ashok Vihar, Phase I, Delhi- 110052 investor@mindacorporation.com (Website: www.sparkminda.com) -----f'owlercdb-,P.aulon NOTES TO UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2026 I) The above statement of unaudited standalone financial results for the quarter and half year ended September 30, 2026 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective mee1ings held on November 3. 2026. The statutory auditors of the Company have conduc1ed Limited Review of these unaudited standalone financial results pursuant to regulation 33 and 52 ofSEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. The unaudited standalone financial results along with the report of the statutory auditors has been filed with the Stock Exchanges and is also available on the Company's website at www.sparkminda.com. 2) These unaudited standalone financial results have been prepared in accordance with the recognition and measurement principles oflndian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act. 2013 and read with Rule 3 of the Companies (Indian Accounting Standards) Rules. 2015 as amended. 3) As per Ind-AS 108. Operating segments have been defined based on the regular review by the Company's Chief Operating Decision Maker to assess the perfonnance of each segment and to make decision about allocation of resources. The Company's business activities fall within single primal)' operating segment. viz. manufacturing of Automobile Components and Parts thereo( Accordingly. disclosures under Ind AS I 08. Operating Segments are not required to be made. 4) During the previous year, the Company has issued and allotted 76.50.000 share warrants. each convertible into or exchangeable for one fully paid up equity share of the company having a face value of Rs. 2 each at an issue price of Rs. 550 per warrant to Minda Capital Private Limited, payable in cash. Against such nllottment the company had received subscription amount of Rs. I 0.519 lakhs (25% of the total consideration amounting to Rs. 42.075 lakhs). 5) During the previous year. the Company has become shareholder ofa subsidiary company. Spark Minda-Toyodenso India Private Limited. incorporated on August 21. 2025 in which the Company holds 60%, stake and remaining shares arc held by Toyodenso Co. Ltd. 6) During the previous quarter. there was an incident of fire on May 30, 2026 at one of the plants of the Company. resulting in a loss of Building. Plant and Equipment. Other Fixed Assets and Inventories. The book value of these including other incidental e.xpenses incurred till September 30, 2026 is Rs. I 0,536 lakhs which has been accounted for and disclosed as an "Exceptional Item" in these unaudited standalone financial results. The Company has adequate insurance CO\'eroge for the aforesaid loss and based on its assessment of the loss and tcnns and conditions of the insurance policies. the Company has already filed provisional claim which is in progress till the date of financial results. Accordingly. Rs. I 0,536 lakhs has been accounted for as Claims Receivable under financial assets with corresponding credit to the "Exceptional Item" as mentioned above in these unaudited standalone financial results. Also till date. the Company has received adhoc amount of Rs. 6,000 lakhs from the insurance Company against the aforesaid claim. 7) During the previous quarter, the Company had acquired control on one of the joint venture. Minda.VAST Access Systems Private Limited (Minda Vasi) through amendment in the Shareholder's agreement dated April 30. 2015 (Original agreement). Accordingly. Minda Vast had become subsidiary of the Company w.e.f April I. 2026. r S.R. Batliboi & Co. LLP, New Delhi for Identification
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MINDA CORPORATION LIMITED CIN: L74899J>Ll 98SPLC02040I REGD. OFFICE : A-IS. A�hok Vlhnr, Phnu· I. Delhi- IIU0S2 inn:slor@'mindneorpornlion.rom (\Vrbsilr: www.s1rnrkmindn,com) NOTES TO UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED SEPT[�tll[R 30. 2026 8) Additionnl informntion pununnt to Regulntion 52(4) of Securities nnd Exchnngc Honrd of In din (Lhllng Obllgntions nnd Disclosure Rcqulrrmcnts) Rrgulntiom, 2015. us amended for lhe qunrter nnd hnlfyrnr roded Sc11tembrr 30, 2026 Pnrticulnn Dcb1-e11uity rntio (In limes) (a) (Total Debt= Lon• term bo rrowin1?s + Short term borrm,·in •s)IShareholder's F..quit • Debt srn·irc roverngc rntlo (in limes)# (b) (Earnings for Jebt service= Net profit after ta:<cs + Non cash operating c:<pcnses)I (Debt scr.·ice = Interest & Lease l'a>ments + Principal rcpa)incnts ofl011g tcnn borrowin{ls) lntcreit Srr,·lcc Co,·ernge Rntlo (In times) (c) (l'rofit aflcr tax+ Omreciation and amonizalion + finance cost)/ Finance Cost (d) OuL-.taudinc. Redeemable Preference Shares (ouantit..- and \"alue) (Rs. in lakhsl (c) Canital Rcdcm lion Rcscrvc(Rs. in lakhs) (I) Net Wonh (Rs. in lakhs) (I!) Net Profit aftt.-r tax <Rs. in lakhsl (h) Basic Eamin •s Per Share,: Long Term Debt lo Working CnJ)ilnl (In times) (j) (Non-currcnl borro\\'ings+currcnt maturities ofNon-currcnl horrowin!!s)I (Curren, AssclS•Currcnt liabilities C.'\c\udin • Cum. .. 'I1t maturities ofNon-curr cnt bormwin s) ( ) Total Dchh to Tolnl Aurt5 (in limes) 111 (Total Debts., l..om! tt.'flll borrowin •s + Short 1cnn borrowin •s)I Total Assets O11crnllng Mnrgin (in �--) (p) (EBllDA = Profit before 1:l:< and exceptional itt,ns + Depreciation and amortization+ finance cost - othcr income)/ Rc..-cnue from operations 11 Not annualised except for the year ended l\.1arch Ji. 2026 Placc:Ncwl)rlhi Sc lembrr 30. 2026 (Unnudiled) 0.62 080 5.08 NA 1,920 2.35720 R.885 J.7:! 0.79 (1.20) 0.81 0.27 1.96 1.70 11.6% l)ntc: Nonmher 3. 2026 S.R. Batllboi & Co. LLP, New Delhi for Identification Qunrlcr ('ndrd llnlfYcnrly Ended Year ended June 30. 2026 Sr ,tcmbrr 30. 2025 SC<nlemher 30, 2026 Sc 1ember 30, 2025 l\Jnrrh 31. 2026 {Unnuditcd) {Unnudited) (Unnudited) (Unnudited) (Audited) 0.60 0.64 0.62 0.64 0.69 06 3 I.JO I 08 4.58 4.05 4.85 3.88 NA NA NA NA 1,920 1.920 1.920 1.920 2.2S 640 :!,0R,411 2,35,720 2.08,411 6.113 4,699 14,998 8.882 2.56 1.97 6.27 3.72 0.78 0.74 0.79 0.74 (1.46) (1.68) (I.W) (1.68) OJI% 0.1% 0.79 0 74 0.111 0,74 0.27 0.29 0,27 0.29 1.83 1.75 3.78 3.55 1.56 1.60 31 3 11.5% 11.0% 11.6% 110% 4.4% 3.8% 4.8% 3.7% 0.57 I 95 4.53 NA 1,920 2,22.413 24,156 10.10 0.76 (1.66) 0.0% 0.75 74 8 64 0 11.5% For nnrl on bchnlf of the Board of Directors of Ashok �finrln• Choirmnn & Group Ct:O
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MINDA CORPORATION LIMITED llll�I MINDA l CIN: L74fflDLltHPLC02tMOI _____ ,._ RJ:CD. OFnCE: A•IS, Athek V.._r, Phaw I, De•i. 119052 lnvn•r@mlndacerpe,.,....,NM (Weltthe1 '""'·•P•riunln4a.fftn) STA TEM[NT OF UNAUDIT[D CONSOLIDAT[D FINANCIAL RESIJL TS FOR TH[ QUARTER AND HALF YCAR ENDED 9tPTEMBER JO, MU Qamr__. P•rdNlan Seae«•MrJO 102, J-JO 101' Sc•kfflNr JO 212.S (Unao,lltff) (UMNltff} (U....iltff) 1.1 ...... (•) Rn,:nue from operation.I 2,18,930 1,84,631 1,53,136 (b)Olha-'""""" )OJ 162 295 Tea;JacNN 2,19,l.JJ 1,84,7'3 l,S,,831 1. [SpeeMt •) Cost of matcnals con1umed l,H,982 1,18,955 94,929 b) Purchue of•toclc•in-tnde 3,111 ),255 2.2« c) Change Ill im'altoria of finished goods, work•in-progreu and ,tock•m-lrl.de (6,117) (4,170) (UIIOl d) EmplO) .. benefit, expen,e 29,953 27,818 23,478 e} Fmtnoe costs J,◄62 l,1◄6 l,099 Q Dop,,,ution and amoruzotion ._,.. 6,848 6.881 5,708 g)Cltl><rc,q><me, 20,262 17,$70 16 67◄ TMlllnpnnn 1,03,!GI 1,73,495 iµ,m l. Pn>flt kfett ncq,"-1 ltrm-, Wre .t pfflf'lt / (IN•) Ill Htedata / i-- ,'fflhlra •rHI IH 15,732 11.2'8 9,279 4. Esc,rptlouJ tw.. (refer IIOk I Md fl 12,399 5. Pnflt •f'lirres--1 flrtft• aft4 b.tfore •re of■refk / t'IMt\ � i..aa. ''fflhlru/ a.HClate M4I tu 15 731 D,'7 ,.,.,, '- Tua,.._ (1) Cum:ot wt 4,443 l,S94 2,8◄1 (b) Dcf<m>d loX chm!!</ (cndil) (446) (508) (lll) (c} Dcfc:m,d fax charge cm c:xoeption,a1 item (ffler no(c 9) I TTl T ... ICU.in-. 3.,,7 ,,15, 1,518 7. Preftl after •s llidotttllue.ti,refk /(Ion) In atMCt.lrs/ jeinl"t"fll!lllra 11,735 11,138 ,,751 8 Sbaff:ofpro61/(loa)U1U$0CU.tes/joml wntures(netoflaX) 2,562 I 787 I 713 t. P...nt •ftff tu fer die •rW / war (A) 1'.297 20,'25 1.4'◄ II. Olhtr CNaprmealh-e ac.'Mle (•} hn■ .. , will• k ft'dauiflNI �aently te preftt _., lol• -Re:meuuranml gam / (Jou) cm defined bme6t obligaticm for holding and subtidwies 10◄ -lnccmc ID: matins lo items that will no( be roclusi6cd to profit or lou (27) �} flml .._,wil k ndaaffiNI �tlyto profit and IN• � diff"CR:DCCS oo rnnslating the 6nanciaJ statements of oontinwng foreign opentions 235 (243) 239 11. ('.)lkr ceapramsh·e --- ,_ dtie pe:riecl / year (B) 1J5 (101 ll' 11. Teal aap�-e � fer Ille period/ year (A+B) l◄,S,1 20,J82 1,781 13. PNfk •.f'ler CU. fer die pe:rW / year attriltutablt to: °"""'"'lhel'mml 14,109 20,603 8,464 Noo-oaotrollmg ........ (12) 22 14. Otlle:r eeap�--e --.ie fer die pe:rW I year attributable to: °"""' oflhe Pmml 235 (243) 316 N<XHXmlnlllmg ...,_ 15. Tetal ceapffllemft--e illmae f.r dtit- period I year •ttributable to: °"""' of lhe Pmml 14,544 20,360 8,780 Noo�uw:rats (12) 22 "· PaW..peffllll,y •re capital (Faervalue efRL 2 per •hare) 4,782 4,782 4,782 17. Odoe,......,, II. Eandap pe.r IUre (Face value .,f Ra. 2 per •re) (INN ...,...lilff) a) Bas,c(R,:) 6.08 8 75 l.60 b) Dilulcd (R.,) 5.99 8.62 3 54 1,R, BaUlbof & Co. LLP, New Ctlhl for ldentl1lcatlon <Ra. In laklH -ae.• eCIN:rwl• ,ta.o-.J\ H•l·:,aorntck4 Yeart'NH �••IN:rJt 202, (U....iltd) 4,0J,161 465 ◄,IM,IU 2,64,937 6,366 (10,287) 57,311 6,608 ll.729 37,332 J,7,,fff rT,W,,, 12.)99 Jf.419 8,037 (95◄) l,nl I.a!' JO,j7J ◄3 49 J◄,fll (8) ,., ,.,, .. 34,912 10 (8) 34,90◄ 10 4,782 14.83 14.60 f"\ TI Sirak•Mr .1t 2tl5 Maret.JI 201' (U•""""'l (Ao,llt,4) 2.92,124 6,18,134 624 1,123 2,'2,7 ... ,,zo,H? 1,78,706 J,M,0'2 5,702 14,751 (2,604) (4,147) 46,IS. 93,J'2 6,379 12,189 11,Jll 22.95◄ 30746 61,117 l,7'.Jf' 5,11.!'1 ".Ml ,....., (1◄2) .,�2 J11_.V7 4,743 11,138 059) ',Jl,4 11-'33 11-"8 rT,1" 30 27 8 108 U,"5 35,111 10◄ 41l (27) (97) 263 870 3M 118' 15-'-"'' J7,III l◄,995 36,026 (20◄) 340 1,176 10 15,33S 37.202 (194) 4,782 4,782 2.59,169 6.37 /15.31 6.27 15.07 . -...... _ �-- .
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MINDA CORPORATION LIMITED CIN: L74899DLl98SPLC0l0401 •¥AMI MINDA I .................. REGO. OFflCE: A•IS, A1hok Vlhor, Ph11t I, Dtlhl• II00Sl lnvt1lor@mlnd1torpontlon.com (W1b1llt: www.1p1rkmlnd1.com) NOTES TO UNAUlllTED CONSOUDATED flNANCIAL IU��ULTS FOR TUE QllARTF.R AND IIAl,F YEAR ENDED SEPTEMBER 30, 1026 I) The above statement of unaudited ooruolldatcd financial ""ults for the q111t1e< 1nd halrye,,r ended Soptcntbe< JO, 2026, hive been reviewed by 1he Audit Commhlee ond approved by the Board ofDirectoB at their r<:Sp<divc meetings held on Novt<nber J, 2026. TI,e ,t1tutol)' 1udlto11 or the Com1)111\Y hovo conducted Umlted Review or 11, ... unoudlted oon,olldatcd nnanelol reoultt pur>uant to regulation 33 and 52 of SEBI {listing Obligation and Disclosure Requirements) RC@ulntlon,, 201� Tho un,udlled oon,olldnled 0Mn IAI reoull, 1lon1 with the repott or 1he S1 11u1o,y 1udll01, h11 been flied with the Stock Exchanges and is also available on lhc Company's website 11 www."""""1lnduom 2) These unaudited ooMOlldatcd f\nan<ial ...,,Its hovt htcn 1•q,.red In ,cwtd111et with the reooanlllon 111d m .. ,11,11ncnt J)llnelpi.. or lndl•n i\cumntlna Sttndordl (Ind AS) M noliried under Section 133 of the Companies Act. 2013 and l'C!ld with Rule J oflhe C'omJ)lln"" (ln,ll•n Al�llllllna St1nd1rdt) Ruleo, 201S 111mt11ded. 'f'he Mid nn,nelal r•ulll ,..,, .... , ,ht r ... ,111 ., Minda Corporation Limited {Ille Company), ht subsidiaries {toadher reltm,d as tht Oro1111), It, 8hore In .... 11110 or ,\...,c,11 1 .. ,nd Joint Ve,,tur• which hM bMfl prepared In -d•nee wlfh Ind AR 110- C-lld� FINflclal lltatements and Ind AS 28- lnvestmenl in Assoclat<o and Joint \le11t\l""' 3) As pa- Ind-AS 10.�. Qr<ntlng ...,,,..,ts h.-� 1-1 deRned bL!cd on the reaulor review by tho Company's ChlefOpentlng Decision Miker 10....., Ille perronnlltlU of each ...,..ent and to make decirion about allocation of"""""...._ Tht 01\mp',; bu. """"octlvltlea 0.11 within slnal• primal)' operatlna 1t1mcn1, vi,, manuf'llctunna of Automobile Component, and Par11 thereof. Ac<ofdlnaJy, dia<:fosvfea andcr Ind AS 108. Opcnting s.s,n,,11, are not require<! robe made. •l Tht UNudittd !itandl,l<.,no Rnancial -,Its of the Company are available on Company's website www.sparkmlnda.com. The key standalone nnaneial information of the Company it alvm below, <flt. In Llkh1l Qu1r1tr ended Halfyur tndtd Vair ended l'artkulan Stpttm b•r 30, 2026 Jun• JO, 2016 Stpttmhtr JO 202S Stptfmbtr 30, 2016 Stpttmbtr 30, 201S March 31, 1016 IUnaudlttdl •Unaudited' •Unaudlttd' tUnaudlttd1 IUnaudlttd' 'Audited\ T'(Q) inoomt 1.72.841 1.40,264 1,25,288 3,13,105 2,39,738 5,06,627 Prolitbcb-etu 11,959 8,238 6,298 20,197 11,700 31,405 Frofit aftor tax 8,885 6,113 4,699 14,998 8,882 24,156 Other oomprfflcnsive inc:omc 79 79 267 Total oomprehensive income 8,885 6,113 4,778 14,998 8,961 24,423 5) During the f!l'C\-ioOS year. the Company ha!. issued and allotted 76,50,000 share wamnts, each convenible into or exchangeable for one fully paid up equity share of Ille company having a face value of Rs. 2 each al an is,ut price of Rs. 550 pa- warrant to Minda Capital Private Limited, payable in cash. Against such allottmcnt the company had received subscription amount of Rs. I 0,519 lakhs (25% of the total considcraliou amounting to Rs. 42,075 lakhs). 6) During the prev;ous yea,-, the Company ha!. become shareholder of a subsidi31)' company, Spark Minda-Toyodcnso India Private Limited, incorporated on August 21, 2025 in which the Company bolds 60"/4 stake IDd remaining shares arc held by Toyodcnso Co. ltd. 7) During the pm-ious quarte<, the Group ha!. cntCffll into a joint venture company, Spark Minda Tumtide Private Limited, incorporated on April 11, 2026 in which the Company sbaD bold 49"/4 stake and remaining shares shall be held bv Tumtidc Drives Limited and aa:ordin2ly accounted for as per IND AS 28 • Investment in Associates and Joint Ventures. 8) During the prcvioos quarte<. tber<, was an incident of fire on May 30, 2026 at one of the plants of the Company, resulting in a loss of Building, Plant and Equipmen� Other Fixed Assc1s and Inventories. Tbe book value of these including other incidental expenses incurred till September 30, 2026 is Rs. 10,536 lakhs which has been accounted for and disclosed as an "Exceptional Item" in th<sc: unaudited coasotidaled 6nancial results. Tbe Com pony bas adequate insunnce coverage for the aforesaid loss and based on its assessment of the loss and terms and conditions of the insurance policies, the Company bas already filed provisional claim which is in proposs tiD the dale of financial results. Accordingly, Rs. 10,536 lakhs has been accounted for as Claims Receivable under financial assets with corresponding credit to the� Item" as mmtiooed above iD these unaudited coosotidaled financial results. Also till date. the Company has received adhoc amount of Rs. 6,000 lakhs from the insurance Company against the aforesaid claim. 9) During the Jl"C\-ious quarur, the Company has acquired control on one of the joint venture, Minda-VAST Access Systems Private Limited {Minda Vast) tbrongh amendment iD the Shareholder', agreement daled April 30. 2015 (Original agreement). Accordingly, Minda Vast has become subsidiary of the Company w.c.( April I, 2026. ID accordance with Ind AS 110 {Consolidaled Fmancial Statements), the Company bas =mc:asurod the cxistiDg stake at fair value and n,corded gain of Rs. 12,399 lakhs as exceptional item and tax thereon of Rs. 1,773 lakhs as deferred tax charge OD exceptional item. Based OD valuation rq,ort available with the Group, Fair value of Property, plant and equipment and ROU assets amounting of Rs. 5,343 lakhs, other intangible assets of Rs. 10,622 lakhs and the balance amount of Rs. 6,504 lakhs as Goodwill. bas been adcqua1dy accounted in the consolidated financial results. S.R. Batllbol & Co. LLP, New Dtlhl tor Identification
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Minda Corporation Limited (CIN: L74899DL1985PLC020401) D-6-11, Sector-59, Noida, Uttar Pradesh – 201301 Tel: +91-120-4442500 Fax : +91-120-4787201 website: www.sparkminda.com Registered Office: A-15, Ashok Vihar, Phase – 1, New Delhi, 110 052 (India) 1 Delhi/NCR, November 03, 2026: Minda Corporation Limited ('Minda Corp' or the 'Company'; NSE: MINDACORP, BSE: 538962), the flagship company of Spark Minda, announced its financial results for the quarter ended September 30, 2026. Minda Corp achieved quarterly revenue of Rs. 2,189 crores, registering growth of 42.6% YoY, driven by demand across key vehicle segments, product premiumisation and an expanding customer base. During the quarter, the Company reported EBITDA of Rs. 257 crores, with a margin of 11.8%, marking a 17-bps YoY improvement. Profit Before Tax (PBT) Rs. 157 crores, with a margin of 7.2%, while Profit After Tax (PAT) reached Rs. 143 crores, with a margin of 6.0%. The Company continued to secure sizeable orders across multiple product domains, reflecting growing customer engagement and increasing opportunities across its diversified product portfolio. EV -related products contributed approximately 35% of new order wi ns during Q2FY2027, while larger orders across multiple business verticals further strengthened the Company's order pipeline. On the technology front, we continue to make progress in strengthening our capabilities through strategic partnerships and new product programmes. During the year, Minda Corporation invested Rs. 80 Crore in its group companies, Spark Minda Green Mobility Systems Private Limited, Minda HCMF Technologies Private Limited and Spark Minda – Toyodenso India Private Limited to support its business expansion. Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO, said: “Q2 and H1FY27 reflected continued progress in our long-term growth strategy, driven by demand across key vehicle segments and execution across our businesses. During the period, we expanded our order pipeline with new business wins and advanced our technology capabilities through product development and strategic partnerships. EV-related products accounted for approximately 35% of new order wins in Q2FY27, highlighting our progress in addressing the industry’s transition towards smarter, connected and electrified mobility. Looking ahead, Minda Corporation remains focused on expanding its product portfolio, strengthening customer relationships and increasing its presence in electronics and EV systems. The Company will continue to invest in R&D, localization and manufacturing capabilities to increase its content per vehicle and address evolving customer requirements. Alongside these investments, the focus remains on improving operational efficiencies, expanding opportunities across domestic and export markets, and delivering sustainable long-term growth.” Consolidated Q2 and H1FY2027 Performance Performance highlights: Q2FY2027 • Consolidated Revenue of Rs. 2,189 Crore, a growth of 42.6% YoY • EBITDA of Rs. 257 Crore, with an EBITDA Margin of 11.8%, up 17 bps YoY • PAT of Rs. 143 Crore, with a PAT margin of 6.5% Performance highlights: H1FY2027 • Consolidated Revenue of Rs. 4,036 Crore, a growth of 38.1% YoY • EBITDA of Rs. 469 Crore, with an EBITDA Margin of 11.6%, up 18 bps YoY • Normalized PAT of Rs. 243 Crore, with a PAT margin of 6.0% Minda Corporation delivered record quarterly revenue of Rs. 2,189 crores, and operating profit of Rs. 257 Crore with an operating margin of 11.8%
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Minda Corporation Limited (CIN: L74899DL1985PLC020401) D-6-11, Sector-59, Noida, Uttar Pradesh – 201301 Tel: +91-120-4442500 Fax : +91-120-4787201 website: www.sparkminda.com Registered Office: A-15, Ashok Vihar, Phase – 1, New Delhi, 110 052 (India) 2 Financial Highlights: *In Q1FY27 & H1FY27 PAT excludes exceptional gain (net of tax) of Rs. 106 Cr arising from consolidation of Minda Vast About Minda Corporation (BSE: 538962; NSE: MINDACORP) Minda Corporation is one of the leading automotive component manufacturing companies in India with a pan -India presence and significant international footprint. The Company was incorporated in 1985. Minda Corporation is the flagship Company of Spark Minda, which was part of the erstwhile Minda Group. The Company has a diversified product portfolio that encompasses Mechatronics, Information and Connected Systems and Plastic and Interior for auto OEMs. These products cater to 2/3 wheelers, passenger vehicles, commercial vehicles, off-roaders and after-market. The Company has a diversified customer base including Indian and global original equipment manufacturers and Tier -1 customers. For assimilating the latest technologies, Minda Corporation has a dedicated R&D facility and collaborations with the pioneers and leaders of the automobile industry. This has provided Minda Corporation with the cutting-edge in product design and technology to meet strict international quality standards. Contact Details: For further information on Minda Corporation visit www.sparkminda.com Safe Harbour This release contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Minda Corporation future business developmen ts and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro -economic, governmental and regulatory trends, movem ents in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financ ial performance. Minda Corporation undertakes no obligation to publicly revise any forward-looking statements to reflect future / likely events or circumstances. Particulars (Rs. In Crores) Q2FY27 Q2FY26 Y-o-Y (%) Q1FY27 Q-o-Q (%) H1FY27 H1FY26 Y-o-Y (%) Operating Revenue 2,189 1,535 42.6% 1,846 18.6% 4,036 2,921 38.1% EBITDA 257 178 44.7% 212 21.6% 469 334 40.3% Margin (%) 11.8% 11.6% 17 Bps 11.5% 29 Bps 11.6% 11.4% 18 Bps Profit Before Tax (PBT) 157 93 69.5% 237 (33.6)% 394 164 141.1% Margin (%) 7.2% 6.0% 114 Bps 12.8% (565) Bps 9.8% 5.6% 417 Bps Reported Profit After Tax (PAT) 143 85 68.9% 206 (30.7)% 349 150 132.9% Margin (%) 6.5% 5.5% 102 Bps 11.2% (464) Bps 8.7% 5.1% 352 Bps Normalized Profit After Tax (PAT)* 143 85 68.9% 100 43.0% 243 150 62.0% Margin (%) 6.5% 5.5% 102 Bps 5.4% 111 Bps 6.0% 5.1% 89 Bps Nitesh Jain Lead Investor Relations nitesh.jain@mindacorporation.com +91-9649131472