Samvardhana Motherson International Limited
Motherson Sumi Systems is engaged primarily in the manufacturer and sale of components to automotive original equipment manufacturers.
What Samvardhana files
- Important253
- Others219
- Updates128
- Investor Meet112
- Board Meeting26
- Dividend/Bonus14
Samvardhana Motherson International issued a corporate guarantee of ₹70 Cr for a credit facility to its wholly-owned digital tech subsidiary. Management anticipates no material financial impact.
Samvardhana Motherson set the record date for its second-year interest payment on 150,000 Compulsorily Convertible Debentures (CCDs). The 6.50% annual interest amounts to ₹97.5 Cr for debenture holders.
Samvardhana Motherson has incorporated MHSCL JVC Holding Ltd in Dubai, a 51% owned joint venture with Hellmann Worldwide Logistics. This JV, with initial capital of USD 1 million, will offer logistics solutions for the automotive industry globally (excluding Japan).
Samvardhana Motherson's US unit received an erroneous $225K (INR 2.15 Cr) IRS penalty for a reporting issue. The company will appeal, stating it expects no material financial or operational impact.
Motherson Technology Services' capital reduction approved. Minority shareholders (7.04%) get Rs 42.66/share for their illiquid stock, totaling ~Rs 33.52 Cr. This move makes MTSL a wholly-owned subsidiary, streamlining group structure.