Minda Corporation Limited announced that Mr. Ravi Sud has stepped down as Non-Executive, Non-Independent Director (Nominee Director of PHI CapitalGrowth Fund I) from the Board of the company effective June 8, 2023 due to emerging professional needs and related pre-occupations. Board Committee's Updates: Automatically ceased to be a Chairman of Risk Management Committee and Member of Stakeholders' Relationship Committee effective June 08, 2023.