Samvardhana Motherson International Ltd

Samvardhana Motherson International Ltd (SAMIL) announced that its step-down subsidiary, Onega Solar Pvt Ltd (OSPL-SPV), has allotted 69,79,648 equity shares. This allotment, valued at ₹6,97,96,480, was made on a private placement basis to SAMIL and other related entities. OSPL-SPV is a special purpose vehicle developing a 15 MWp Group Captive Solar Project in Uttar Pradesh. The share allotment was necessary to comply with Group Captive framework requirements, resulting in OSPL-SPV ceasing to be a wholly owned subsidiary of SAMIL's subsidiary, Motherson New Energy Limited (MNEL). Despite the dilution, OSPL-SPV remains an indirect subsidiary of SAMIL and under its control, aligning with the company's sustainability goals and aiming for long-term cost efficiencies and reduced carbon footprint.

Samvardhana Motherson International Limited has successfully listed Commercial Papers worth INR 300 crores on BSE Limited. The issuance comprises 6,000 Commercial Papers with a face value of INR 5,00,000 each, maturing on September 11, 2026. The coupon rate for this unsecured issuance is 7.20%, with interest charged upfront. This move indicates the company's active management of its short-term financing needs.

Samvardhana Motherson International Ltd (SAMIL) announced that its indirect wholly-owned subsidiary, SMR Automotive (Langfang) Co., Ltd, will acquire a controlling stake in Shenzhen Autocruis Technology Co., Ltd. The acquisition will be executed through a primary capital increase of CNY 153.3 million (approximately USD 22.6 million) for a 64.76% equity stake. Post completion and a subsequent buy-back by the target, SMR Langfang's stake will increase to 67.78%. Shenzhen Autocruis specializes in automotive vision and camera-based systems. This move aims to expand SAMIL's product portfolio, strengthen in-house technology, and gain access to the Chinese automotive market. The transaction is subject to regulatory approvals in China and is expected to close by Q3 FY2027.

Samvardhana Motherson International Ltd has informed shareholders about tax deductions on the final dividend for FY2025-26. The recommended dividend of Re. 0.25 per share is subject to shareholder approval at the AGM on July 30, 2026. Shareholders must submit necessary declarations and documents by July 14, 2026, to determine the applicable Tax Deducted at Source (TDS) rates, which vary based on residency status and submitted documentation. Rates range from 10% for resident shareholders with valid PAN to 20% for those with invalid or missing PAN, with specific nil deduction provisions for certain entities and those providing valid lower/nil deduction certificates.

Samvardhana Motherson International Ltd has issued a corporate guarantee for a credit facility of up to INR 16,000,000,000 (₹1600 Cr) availed by its subsidiary, Motherson Electronic Components Private Limited (MECPL). The guarantee is in favour of The Hongkong and Shanghai Banking Corporation Limited. The company holds a 90% stake in MECPL. Samvardhana Motherson International stated that this corporate guarantee will have no material impact on its financial or operational activities.

Samvardhana Motherson International Ltd announced that its indirect wholly owned subsidiary, SMP Automotive Interiors (Beijing) Co., Ltd, has been fined CNY 188,537 (approximately INR 26.58 Lakhs) by the Customs of Yizhuang Town, Daxing District, Beijing. The penalty was imposed due to an alleged wrongful declaration of delivery terms for goods, specifically declaring Free on Board (FOB) instead of Ex-works (EXW). The company stated that this penalty has no material impact on its financials or operations. The penalty order was dated June 5, 2026, and received on June 8, 2026.

Samvardhana Motherson International Limited, through its subsidiary Motherson New Energy Limited (MNEL), has commissioned its first captive solar power project in Mahoba, Uttar Pradesh. The 15 MWp facility, developed in partnership with ib vogt, will supply clean energy to Motherson's manufacturing plants in the state. This project is expected to generate approximately 23.4 GWh of renewable electricity annually, reducing CO2 emissions by an estimated 17,000 MT per year. It aims to reduce the company's carbon footprint, improve energy cost visibility, and enhance operational resilience, aligning with Motherson's broader sustainability goals and clean energy transition strategy.

Samvardhana Motherson International Ltd announces the merger of its indirect wholly-owned subsidiary, SMR Automotive Operations Japan K.K. (SMR Auto-Japan), into its holding company, Misato Industries Co. Ltd. (Misato). The merger was registered at the Commercial Registry of Japan. Misato ceased to exist with effect from April 1, 2026. For FY26, Misato had a turnover of ¥14,061.99 Million (₹8,437.20 Million) and SMR Auto-Japan had a turnover of ¥82.07 Million (₹49.24 Million). The rationale for the merger is to simplify the corporate structure and increase operating efficiency.

Samvardhana Motherson International Ltd's board approved the audited financial results for FY26 and recommended a final dividend of ₹0.25 per equity share, subject to shareholder approval at the AGM scheduled for July 30, 2026. The record date for determining eligible shareholders is July 14, 2026. This final dividend is in addition to an interim dividend of ₹0.35, bringing the total dividend for FY26 to ₹0.60 per share, compared to ₹0.57 in FY25.

Samvardhana Motherson International Ltd's Board approved the appointment of cost and internal auditors for the financial year 2026-27 during its meeting on May 20, 2026. M/s. M.R. Vyas and Associates were appointed as Cost Auditors, while M/s P.R. Mehra & Co., M/s Protiviti India Member Private Limited, M/s Arth & Associates, and M/s TAMS & CO LLP were appointed as Internal Auditors for identified business divisions.