Annual Report for FY 2025-26 is attached

July 29, 2026 The Officer-In-Charge (Listing) Head - Listing Operations, Listing Department BSE Limited, National Stock Exchange of India Ltd., P.J. Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 001 Bandra (East), Scrip Code: 538962 Mumbai - 400 051 Symbol: MINDACORP Sub: : Annual Report for the financial year 2025-26 Ref: Regulation 34(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Dear Sir/ Madam, Pursuant to Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we are submitting herewith the Annual Report of the Company for the financial year 2025-26 which is being sent through electronic mode to the Members. The Annual Report for the Financial Year 2025-26 is available on Company's website at www.sparkminda.com at link https://sparkminda.com/Uploads/prospectus/2101pdctfile_MindaAR_2026@27july1ups.pdf Thanking You, Yours Faithfully For Minda Corporation Limited Pardeep Mann Company Secretary Membership No. A13371 Encl: As above SYSTEMS IN MOTION. VALUE IN PROGRESS. MINDA CORPORATION LIMITED ANNUAL REPORT 2025-26 2 Present | Future | MD&A | Statutory | Financials Contents Corporate Information 3 Systems in Motion. Value in Progress. 4 Present Evolving Into A System Solution Provider 8 Chairman’s Message 12 Message From The Executive Director 16 Message From The Group CFO & President – F & S 18 The Systems Showcase 20 Electrical Distribution Systems: The Nervous System 24 Information & Connected Systems: The Digital Brain 26 Vehicle Access Systems: The Secure Interface 28 EV Systems & Power Electronics: The Value Multiplier 30 Light Weighting & Plastics: Functional Aesthetics 32 Record FY2026. Stronger Margins ‘Higher-Content’ Growth 34 Record FY2026. Power of Partnerships 40 Stronger Margins. Global Footprint 44 ‘Higher-Content’ Growth Board of Directors 48 Read more on page 38-39 Leadership Team 52 Awards & Recognition 56 Future Vision 2030: Architecting The Systems Shift And Unlocking Multi-Year Value Vision 2047: Architecting The Centenary of Indian Mobility 64 Architecting Responsible Growth, Embedded By Design 66 MD&A Management Discussion and Analysis 72 Statutory Board’s Report 102 Corporate Governance Report 136 BRSR 168 Vision 2030: Architecting The Systems Shift And Unlocking Multi-Year Value Read more on page 60 Management Discussion and Analysis Read more on page 72 MINDA CORPORATION LIMITED | Annual Report - 2025-26 3 Corporate Information Board of Directors Secretarial Auditor Bankers • Ashok Minda BMP & Co. LLP • HDFC Bank Limited Chairman & Group CEO Company Secretaries • Kotak Mahindra Bank Ltd. • Aakash Minda 4272, Sapthagiri, 2nd Floor, Vivekananda • Standard Chartered Bank Executive Director Park Road, • ICICI Bank Limited Near Seetha Circle, Girinagar, • N.K. Modi - Executive Director • IndusInd Bank Limited Bengaluru - 560 085 • Pratima Ram - Independent Director • Citibank N.A. Cost Auditor • State Bank of India • Ravi Sud - Independent Director Chandra Wadhwa & Co. • DBS Bank India Limited • Gajanan V. Gandhe Cost Accountants Independent Director 204, Krishna House, 4805/24, Bharat Registered Office • Laxman Ramnarayan Ram Road, Daryaganj, A-15, Ashok Vihar, Phase-I, Delhi-110052 Independent Director New Delhi - 110 002, India Corporate Identification Number (CIN) L74899DL1985PLC020401 Group Chief Financial Officer Internal Auditors • Ajay Agarwal Protiviti India Member Private Limited Corporate Address Chartered Accountants D6-11, Sector 59, Noida 201301, Uttar Company Secretary & Grant Thornton Bharat LLP Pradesh, India Compliance Officer Chartered Accountants Website & E-mail • Pardeep Mann Registrar and Share Website: www.sparkminda.com E-mail: investor@mindacorporation.com Statutory Auditor Transfer Agent S.R. Batliboi & Co. LLP Skyline Financial Services Private Limited Contact Information Chartered Accountants D-153/A, 1st Floor, Okhla Industrial Area, Mr. Pardeep Mann (Company Secretary) Phase - I, 4th Floor, Office 405 World Mark -2, Tel no: +91-120-4442500 New Delhi – 110 020, India Asset No. 8 IGI Airport Hospitality Email ID: pmann@mindacorporation.com District, Aerocity New Delhi – 110 037 Financials Standalone Independent Auditors’ Report 220 Balance Sheet 230 Statement of Profit and Loss 231 Cash Flow Statement 232 Statement of Changes in Equity 234 Notes to the Standalone Financial Statements 235 Consolidated Independent Auditors’ Report 304 Balance Sheet 312 Statement of Profit and Loss 313 Cash Flow Statement 314 Statement of Changes in Equity 316 Financials: Standalone and Consolidated Notes to the Consolidated Financial Statements 318 AOC 1 388 Read more on page 219 4 Present | Future | MD&A | Statutory | Financials SYSTEMS IN MOTION. VALUE IN PROGRESS. From Components to Complete Systems & Solutions Scan QR Code to download the report https://sparkminda.com MINDA CORPORATION LIMITED | Annual Report - 2025-26 5 FY2026 marks a decisive inflection point for Minda Corporation. approximately ₹12,000-₹15,000 to around ₹35,000-₹40,000 It is the first year of Vision 2030 and the year in which the depending on platform configuration. Company’s movement from a component manufacturer to an integrated System Solution Provider became clearly visible This shift is being accelerated through a focused partnership across performance, products, partnerships and platform ecosystem spanning joint ventures, technology alliances and relevance. strategic collaborations. These partnerships give the Company access to advanced technologies, support localisation of As vehicles become more electrified, connected and software- critical systems and help OEMs reduce development complexity defined, OEMs need partners who can deliver complete and time-to-market. Spark Minda’s scale of 23,000+ workforce, systems rather than standalone parts. Spark Minda is moving an engineering base of 1,000+ professionals and 330 patents deeper into the vehicle architecture, supporting the “brains filed further strengthen its ability to deliver future-ready and nerves” of modern mobility through electrical distribution systems at scale. systems, digital cockpit solutions, intelligent access, EV power electronics and functional interior systems. The Company is now building a stronger role in higher-content, technology-led vehicle platforms. Its strategy is no longer The progress is measurable. In FY2026, Minda Corporation defined only by volume growth, but by deeper participation in delivered record consolidated revenue of ₹61,853 million, vehicle architecture, stronger customer relevance and a broader growing 22.3% year-on-year. The Company’s systems-led opportunity to create value across the mobility lifecycle. portfolio is also expanding content per vehicle. The partnership with Flash Electronics strengthens its position in EV powertrain As Spark Minda advances towards Vision 2030, it is building electronics and creates the potential to increase kit value a systems-led, technology-enabled and climate-conscious in electric two-wheelers from a mechanical baseline of mobility platform. FY2026 is not merely the story of future potential. It is the story of a transformation already in progress. 6 Present | Future | MD&A | Statutory | Financials MINDA CORPORATION LIMITED | Annual Report - 2025-26 7 PRESENT Every modern vehicle is a living system of nerves, brains and interfaces. Today, Minda Corporation engineers them all. The pages that follow present the Company as it stands: a global system solution provider, delivering at record scale. 8 Present Our Corporate Identity Present | Future | MD&A | Statutory | Financials EVOLVING INTO A SYSTEM SOLUTION PROVIDER Minda Corporation is transforming from a component-led automotive supplier into an integrated System Solution Provider - combining engineering depth, electronics ₹61,853 million capability [Showing first 8,000 characters — download PDF for full document]