Minda Corporation commits ₹37 crore to joint venture
Key Highlights
Minda Corporation received board approval to invest up to ₹37 crore in its joint venture, Minda HCMF Technologies, through a new share subscription.
Minda Corporation received approval to invest up to ₹37 crore in its joint venture, Minda HCMF Technologies. The board of directors sanctioned this additional capital infusion during a meeting conducted on November 3, 2026. This move involves subscribing to 3 crore equity shares priced at ₹10 each within the existing partnership.
Minda Corporation operates this joint venture alongside HCMF Co. with an equal shareholding ratio of 50:50. Following the proposed allotment of these shares, the total investment by the company in the joint venture will reach approximately ₹60 crore. This total will consist of around 6 crore equity shares with a face value of ₹10 each.
The company maintains a diverse product portfolio that includes mechanical and electronic security systems, door systems, and electronic controllers for electric vehicles. Its offerings also extend to plastic interiors for automotive original equipment manufacturers across the globe. The board confirmed the decision to proceed with this investment during its recent meeting held on November 3, 2026.
Based on company and agency reports. For information only; not investment advice.