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Minda Corporation Ltd - 538962 - Board recommends Final Dividend

Minda Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 17, 2022, inter alia, has recommended a final dividend of Rs.0.70 per equity share (35%) (face value of Rs. 2 per share) aggregating to Rs.1674 Lakhs for the year ended March 31, 2022 subject to approval of shareholders in ensuing Annual General Meeting of the Company. The total dividend declared for the financial year 2021-22 is Rs. 1/- (Rupee One) per equity share (50%) (face value of Rs.2 per share).
17-05-2022
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Q4FY22 Quarterly Result Announced for Minda Corporation Ltd.

Auto Parts & Equipment company Minda Corporation declares Q4FY22 result: Highest Ever Quarterly Revenue of Rs. 9,478 million with a growth of 19.4 % on YoY basis Highest Ever Quarterly Absolute EBITDA of Rs. 1,077 million at 11.4% margin Consolidated Revenue for FY22 of Rs. 29,759 million with a growth of 25.7% on YoY basis Consolidated EBITDA margins at Rs. 2,946 Mn at 9.9% Consolidated Q4 FY22: Minda Corporation posted Operating Revenue of Rs. 9,478 million in Q4 FY22, growth of 19.4% on YoY basis EBITDA of Rs. 1,077 million which reflects improved double-digit margin of 11.4% Quarterly Net Profit of Rs. 759 million at 8% Final Dividend of 35% on the Face Value i.e. Rs.0.70 per Share Commenting on the results, Mr. Ashok Minda, Chairman and Group CEO said: On Results:- “I am pleased to report that Minda Corporation Limited has continued to deliver strong results. The Company has reported highest every quarterly consolidated revenue of Rs. 9,478 million, a growth of 19.4% on Y-o-Y basis against a 17% Y-o-Y decline in the industry. Consolidated revenues excluding MIL (erstwhile Minda Stoneridge Instruments Ltd.) were 8,095 million, representing a 1.9% growth on YoY basis. Despite continuing production woes due to semiconductor shortages and rising commodity inflation amid geopolitical tensions our EBITDA margin has improved to 11.4% and we have reported highest ever absolute quarterly EBITDA of INR 1,077 million owing to improved operational efficiencies and cost reduction measures. The board has announced a final dividend of 35% on the face value i.e. Rs. 0.70 per equity share (total dividend for the year – 50% i.e. Rs 1.00 per equity share). I am happy to report that the PLI application filed by company has been approved under the Component Champion Incentive Scheme. This will provide us an opportunity to develop best-in-class and industry-leading quality products. Looking ahead, we are cautiously optimistic for FY23. Though the current geopolitical tensions have added to the semiconductor shortages and other supply chain woes, we have strong confidence in the current domestic demand outlook. With our sharp focus to make the company future-ready and technologically advanced, we are confident of achieving industry leading growth, as we strengthen our core business and capture new opportunities emerging before us." Result PDF
17-05-2022
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Minda Corporation Ltd - 538962 - Board Meeting Outcome for Proceedings Of Board Meeting Of Minda Corporation Limited Held On Tuesday, May 17, 2022

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Proceedings of Board Meeting of Minda Corporation Limited held on Tuesday, May 17, 2022
17-05-2022
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Minda Corporation Ltd - 538962 - Schedule For Conference Call On Tuesday, May 17, 2022 At 05:00 P.M. IST And Link For Registration

In compliance with regulation 30 read with schedule III, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a conference call is scheduled to be held on Tuesday, May 17, 2022 at 05:00 p.m. IST to discuss the financial results for the 4th quarter and year ended on March 31, 2022.
14-05-2022
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Minda Corporation Ltd - 538962 - Board Meeting Intimation for Regulation 29 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Consideration Of Audited Financial Results For The Quarter And Year Ended On March 31, 2022 And To Recommend Final Dividend, If Any, For The Year 2021-22

Minda Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/05/2022 ,inter alia, to consider and approve Intimation of Board Meeting as per Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Consideration of Audited Financial Results for the quarter and year ended on March 31, 2022 and to recommend final dividend, if any, for the year 2021-22
10-05-2022
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Minda Corporation Ltd - 538962 - Certificate Required Under Regulation 40(9) Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Certificate required under regulation 40(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
15-04-2022
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Minda Corporation Ltd - 538962 - Submission Of Compliance Certificate Under Regulation 7(3) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

Submission of Compliance Certificate under Regulation 7(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
08-04-2022
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Minda Corporation Ltd - 538962 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2022
08-04-2022
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Minda Corporation Ltd - 538962 - Closure of Trading Window

Intimation of Closure of Trading Window under the SEBI (Prohibition of Insider Trading) Regulations, 2015
30-03-2022
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