Summary of Key Information:
Acquirer / Seller / Promoter: Minda Corporation Limited ("MCL" / "Company")
Target Company: Spark Minda Green Mobility Systems Private Limited
Stock Exchange Listings:
NSE Scrip Code: MINDACORP
BSE Scrip Code: 538962
Nature of Transaction / Event: Shareholding acquisition through Rights Issue subscription
Date of Transaction: 19/07/2026
Number of Shares Affected: 2,50,00,000 (Two Crore Fifty Lakh) Equity Shares
% of Total Shareholding / Voting Capital Affected: 0% change (maintained 100% ownership)
Mode of Transaction / Action: Rights Issue subscription
Consideration (if disclosed): ₹25,00,00,000 (Rupees Twenty-Five Crore Only)
Shareholding / Promoter Snapshot (Before & After):
Before Transaction / Event:
Shares Held: 100%
% of Total Capital: 100%
After Transaction / Event:
Shares Held: 100%
% of Total Capital: 100%
Other Noteworthy Information:
- Spark Minda Green Mobility Systems Private Limited is a wholly owned subsidiary of Minda Corporation Limited
- The acquisition does not fall within related party transactions as per Companies Act, 2013 and SEBI Listing Regulations
- Consideration was paid in cash through normal banking channels
- Price per share: ₹10 (at par value)
- Objects of acquisition: To maintain 100% shareholding and provide growth capital for funding subsidiary's business requirements
- Subsidiary is engaged in design, development and manufacturing of Electric Vehicles parts & components
- Subsidiary turnover history:
- FY 2025-26: ₹5362.07 Lakhs
- FY 2024-25: ₹4053.33 Lakhs
- FY 2023-24: ₹3544.12 Lakhs
- Incorporated on 22nd February 2021
- No governmental or regulatory approvals were required for this acquisition
Analyst Notes:
The transaction maintains existing ownership structure while providing additional capital to the EV components subsidiary. The subsidiary has shown consistent revenue growth over the past three fiscal years.