Minda Corporation Limited has informed the Exchange regarding Record date updates due to Change in Bank Holiday from 04.03.2026 to 03.03.2026. Hence maturity date has been revised from ....
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Minda Corporation has revised the maturity date of its Commercial Paper (ISIN: INE842C14180) from March 3, 2026 to March 2, 2026, because March 3 is a bank holiday for Holi. The CP, issued on October 15, 2025 with a face value of ₹100 crore, will now be redeemed on March 2, 2026 instead. HDFC Bank, acting as the Issuing and Paying Agent (IPA), has asked the company to fund the CP IPA account by 12:00 PM on March 2. The record date for redemption also stands at March 2, 2026. This is a routine calendar-driven adjustment and not related to any change in the company's financial position.
No material impact on shareholders — this is purely an administrative shift in redemption date caused by a one-day bank holiday. The ₹100 crore CP will be redeemed as originally scheduled, just one day earlier than initially communicated.