Minda Corporation Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 22, 2025
MINDACORP · price
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Minda Corporation held its 40th AGM on August 22, 2025, via video conferencing, attended by 339 members. The Chairman and Group CEO, Ashok Minda, shared FY25 highlights: consolidated revenue of Rs. 5,056 crores (up 8.7% YoY), record-high EBITDA margin of 11.4% (Rs. 575 crores), and PAT of Rs. 255 crores (up 12.4%). Total order book crossed Rs. 8,000 crores and ROCE stood at 20%. The Board recommended a total dividend of 70% (Rs. 1.40 per share), including a final dividend of 45% (Rs. 0.90 per share). Shareholders approved all 9 resolutions, including re-appointments of Ashok Minda as Chairman & Group CEO, Aakash Minda as Executive Director, and Naresh Kumar Modi as Executive Director, along with approval for loans/financial assistance under Section 185. Key strategic moves included the acquisition of a 49% stake in Flash Electronics (Rs. 31 billion EV) and new JVs with Sanco, HCMF, and Toyodenso to boost EV, sunroof, and switch portfolios.
Strong FY25 results with record margins, robust order book, and healthy dividend signal positive momentum for shareholders. The Flash acquisition adds leverage (Net Debt/EBITDA at 1.8x), but management views it as strengthening the EV portfolio. Re-appointments of key leadership and approval of Section 185 borrowing capacity provide continuity and growth flexibility.