Disclosure of material issue

July 20, 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 Scrip Code: MINDACORP Sub: Disclosure under Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") and Press Release Dear Sir/Madam, Dear Sir/Madam, Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we would like to inform you that Minda Corporation Limited (“MCL”/ “Company”) has acquired additional 2,50,00,000 (Two Crore Fifty Lakh) Equity Shares of the face value of Rs. 10/- (Rupees Ten) each for an amount aggregating to Rs. 25,00,00,000/- (Rupees Twenty-Five Crore Only) on July 19, 2026 in Spark Minda Green Mobility Systems Private Limited, wholly owned subsidiary of MCL, pursuant to the Rights Issue. The relevant details pertaining to the above as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (“SEBI Circular”) are enclosed herewith as Annexure - A. A copy of the press release for the above matter is also attached herewith at Annexure-II You are requested to take on record the above information. The above information will also be made available on the website of the Company www.sparkminda.com. Kindly take the same on record. For Minda Corporation Limited Pardeep Mann Company Secretary Membership No. A13371 Annexure-I Disclosure as required under Regulation 30 of the SEBI Listing Regulations read with SEBI Circular in relation to acquisition of additional equity shares in Spark Minda Green Mobility Systems Private Limited Sr. No Particulars Information 1. Name of the Target Entity, details in brief Spark Minda Green Mobility Systems Private Limited is a wholly owned such as size, turnover etc. subsidiary of Minda Corporation Limited CIN: U34100DL2021PTC377353 Turnover for FY 2025-26 is: Rs. 5362.07 Lakhs 2. Whether the acquisition would fall within Spark Minda Green Mobility Systems Private Limited is a wholly related party transaction(s) and whether the owned subsidiary of the Company and as such a Related Party of the promoter/ promoter group/ group Company. However, the acquisition of additional equity shares in companies have any interest in the entity being acquired? If yes, nature of interest Save Spark Minda Green Mobility Private Limited, pursuant to the Rights and except what is mentioned and details Issue, does not fall within related party transactions as per the thereof and whether the same above, is provisions of the Companies Act, 2013 and the SEBI (Listing done at “arm's length” Obligations and Disclosure Requirements) Regulations, 2015. 3. Industry to which the entity being acquired Automotive Parts & Components belongs 4. Objects and impact of acquisition (including The Company has subscribed to the rights issue of its Spark Minda Green but not limited to, disclosure of reasons for Mobility Systems Private Limited to maintain its 100% shareholding and acquisition of target entity, if its business is provide growth capital for funding the subsidiary's business requirements. outside the main line of business of the listed The wholly owned subsidiary is engaged in the same line of business as entity) the Company and the investment is in furtherance of the Group's existing business strategy. 5. Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition 6. Indicative time-period for completion of The aforesaid acquisition has been completed on July 19, 2026 the acquisition 7. Nature of consideration - whether cash The consideration for acquisition of the additional equity shares in consideration or share swap and details of Spark Minda Green Mobility Systems Private Limited has been paid the same in the form of cash through normal banking channel. 8. Cost of acquisition or the price at which INR 25 Crores (2.5 Crores Equity Shares of Rs. 10 each) for cash at par. the shares are acquired 9. Percentage of shareholding / control Minda Corporation Limited along with its nominee holds 100% equity acquired and/or number of shares Shares of Spark Minda Green Mobility Systems Private Limited. acquired The Company has further acquired 2.5 Crore Equity Shares Pursuant to the Rights Issue, resulting in no change to the ultimate shareholding of the Company in Spark Minda green Mobility Systems Private Limited, which remains at 100%. Accordingly, the Spark Minda Green Mobility Systems Private Limited continued to be a wholly owned subsidiary of the Company. 10. Brief background about the entity Brief background: Spark Minda Green Mobility Systems Private acquired in terms of products/line of Limited is a private company incorporated on 22nd February 2021 business acquired, date of incorporation, under the provisions of the Companies Act, 2013 under the CIN history of last 3 years turnover, country in U34100DL2021PTC377353, having its registered office at A-15, Ashok which the acquired entity has presence Vihar, Phase-I, Delhi-110052. Its main object inter-alia includes to and any other significant information (in carry on business of design, development and manufacturing of brief Electric Vehicles parts & components. Turnover for FY 2025-26: Rs. 5362.07 Lakhs FY 2024-25: Rs. 4053.33 Lakhs and FY 2023-24: Rs. 3544.12 Lakhs Country: India