Settlement7 April 2026 at 11:07 am
Samvardhana Motherson International Subsidiary Settles Dispute with Sub-contractor for INR 22.18 Million
AI Summary
Samvardhana Motherson International Limited has disclosed a mediation agreement between its subsidiary, SMR Hyosang Automotive Ltd., and a sub-contractor. The agreement, interalia entered on April 06, 2026, settles dues/claims from sub-contracting transactions. SMR Hyosang will pay KRW 360,000,000 (INR 22,179,600) excluding Value Added Tax by April 27, 2026. The dispute settlement does not have a material impact on SMR Hyosang's or the Company's financials, operations, or other activities.
Key Highlights
- Samvardhana Motherson International Limited discloses a mediation agreement between its subsidiary, SMR Hyosang Automotive Ltd., and a sub-contractor
- The agreement settles dues/claims from sub-contracting transactions
- SMR Hyosang to pay KRW 360,000,000 (INR 22,179,600) excluding Value Added Tax by April 27, 2026
- The dispute settlement does not have a material impact on SMR Hyosang's or the Company's financials, operations, or other activities
- The disclosure is in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015