NCLT Approves Motherson Technology Services Share Capital Reduction

Samvardhana Motherson International Limited announced that the National Company Law Tribunal (NCLT), Mumbai Bench-III, has approved the reduction of share capital for its subsidiary, Motherson Technology Services Limited (MTSL). This approval follows petitions filed by MTSL and references prior disclosures made by the company. Upon the reduction becoming effective, MTSL and its subsidiaries will become wholly-owned subsidiaries of Samvardhana Motherson International Limited. The company will disseminate the detailed NCLT order upon its availability and undertake necessary compliances.