The board of directors of Minda Corporation Limited at their meeting held on, March 25, 2021, have considered, reviewed and approved the appointment of Mr. Ravi Sud as additional/nominee director, to hold office up to the date of upcoming annual general meeting of the company. The company board also announced that Mr. R. Laxman has tendered his resignation due to personal reasons effective from March 25, 2021. The board has accepted the resignation of Mr. R. Laxman from the post of Non-Executive Director of the company. Mr. Ravi Sud is having vast experience of over 35+ years in automotive sector at various positions like General Manager, Company Secretary, Senior Vice President & CFO in areas like Finance, Accounts, Secretarial, Legal, Internal Audit, Investor Relations and evaluating various options for Mergers/Acquisitions, stitching successful joint ventures and investment opportunities. Presently, Mr. Ravi Sud is an operating partner with Phi Capital and he advises portfolio companies on issues related to strategy, financial management including cost control, and review of audit and MIS systems and processes.