Samvardhana Motherson subsidiary penalty notice rescinded

Samvardhana Motherson International Ltd announced that its indirect wholly owned subsidiary, Motherson Technology Services USA Limited (MSID USA), has received a "Notice of Penalty Rescission" from the New York State Workers’ Compensation Board. This rescinds the previously disclosed penalty of USD 19,500, which was initially communicated on October 14, 2026. The penalty was related to a notice issued by the New York State Workers’ Compensation Board, Bureau of Compliance, USA. Following an appeal submitted by MSID USA, the penalty has been revoked and is now ineffective. This update clarifies the status of the previously reported penalty.