SAMIL Subsidiary Sells 26% Stake in AES India for ₹68.64 Lakhs

Samvardhana Motherson International Limited (SAMIL) announced that its wholly-owned subsidiary, Samvardhana Motherson Innovative Solutions Limited (SMISL), has agreed to sell its entire 26% shareholding in AES (India) Engineering Limited (AES India) to existing joint venture partner T-Net Japan Co., Ltd. AES India, established in 2005, operates in automotive-related engineering and digital services. The divestment is driven by both JV partners' decision to pursue independent business strategies. The transaction is considered non-material for SAMIL due to the limited scale of AES India's business relative to SAMIL's overall portfolio. The sale consideration is INR 68,64,000. The transaction is expected to close within Q3 FY 2026-27, subject to conditions precedent. The buyer, T-Net Japan, is not part of the promoter group.