Samvardhana Motherson: Communication to Compulsorily Convertible Debenture Holders

Samvardhana Motherson International Limited has issued a communication to its 6.50% Compulsorily Convertible Debenture (CCD) holders regarding conversion terms. The CCDs, with ISIN INE775A08105, can be converted into equity shares starting September 30, 2026, with specific conversion windows in October 2026 and quarterly thereafter, until mandatory conversion on the maturity date of September 20, 2027. The conversion price is determined by a formula involving VWAP and a floor price of ₹188.85, subject to adjustments for bonus issues, with the minimum conversion price adjusted to ₹126.67 per share.