Samvardhana Motherson: 10.32 Cr Equity Shares Allotted on CCD Conversion

Samvardhana Motherson International Limited has announced the partial conversion of its Compulsorily Convertible Debentures (CCDs) into equity shares. The company received conversion applications for 145,010 CCDs during the optional conversion window. Consequently, the Board of Directors approved the allotment of 10,32,09,960 equity shares of face value Rs. 1 each at a conversion price of Rs. 140.50 per share. This conversion price was determined based on a formula in the placement document, reflecting a discount to the 7-day VWAP preceding October 1, 2026. The newly allotted shares rank pari passu with existing equity shares. Following this conversion, 4,990 CCDs remain outstanding, which are set for compulsory conversion on September 20, 2027.