Minda Corporation Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, concerning the utilization of proceeds from the issuance of Share Warrants on a preferential basis. The report, issued by Acuité Ratings and Research Limited, indicates no deviation from the stated objects of the issue. The total issue size was ₹420.75 crore. As of December 31, 2025, ₹105.19 crore, representing 25% of the warrant issue price, had been received and utilized towards debt repayment. No additional warrant subscriptions were received during the third quarter of FY2025-26. The company confirmed that all utilization is as per the disclosures in the Offer Document, and no material deviations or changes in the means of finance were observed. No government or statutory approvals were required for the stated objects, and no favorable or unfavorable events affecting the viability of these objects were noted.
