Minda Corporation Board Approves Rs 500 Crore NCD Issuance Plan

Board approved Rs 500 Cr NCD issue via private placement, 100% China subsidiary for up to USD 1M, and sale of 29.5% stake in EVQ Point via Green Mobility arm. Rs 500 Cr NCD funds capex ramp but adds leverage vs near-debt-free FY30 goal; China unit is new overseas footprint; EVQ exit immaterial with Rs 4 lakh profit share. Coupon, tenure, use of proceeds, China approvals and EVQ buyer and price undisclosed; CS and procurement hires routine; Rs 2000 BSE delay penalty procedural.