Samvardhana Motherson International has completed the acquisition of the Autoelectric business, comprising Nexans autoelectric GmbH and Elektrokontakt GmbH, on July 03, 2026. The transaction, executed by Motherson Global Investments B.V. (MGI BV), an indirect wholly owned subsidiary, included the purchase of business assets, specific real estate, and shares in foreign subsidiaries. Following the completion of all conditions precedent, Autoelectric has become an indirect wholly owned subsidiary of the company, significantly expanding its global footprint.

Acquisition Scope

The deal encompasses the business operations, assets, and certain real estate properties of Nexans autoelectric GmbH and Elektrokontakt GmbH. Additionally, the acquisition includes shares in their foreign subsidiaries. MGI BV, along with its subsidiaries, served as the designated acquirer for the transaction.

Global Subsidiaries

Post-acquisition, the company has integrated 14 step-down subsidiaries and branch offices located in the United States, Mexico, China, Tunisia, Ukraine, Romania, Slovakia, Czech Republic, and Switzerland. Key entities now part of the group include Autoelectric Partnership GmbH & Co. KG in Germany, Autoelectric of America Inc. in the USA, and Confecta AG in Switzerland.

The company submitted the intimation regarding the completion to the exchanges on July 03, 2026, under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Samvardhana Motherson International has announced the dissolution of its indirect wholly owned subsidiary, Motherson DRSC Automotive Product Trading (Shanghai) Co. Ltd. The Market Regulation Administration of Shanghai approved the dissolution effective June 29, 2026, with the company receiving formal approval on July 1, 2026. The subsidiary had ceased operations and was not conducting any business activities, leading to the shareholders approving its closure.

Motherson DRSC was acquired on October 2, 2023, as part of the company's acquisition of the Dr. Schneider Holding GmbH Group. Despite the acquisition, the subsidiary did not contribute to the parent company's financial performance. During FY 2025-26, Motherson DRSC reported an income of INR 50 million and a net worth of INR 25 million. However, these figures represented a negligible contribution to the consolidated results.

The dissolution of Motherson DRSC has no impact on the consolidated net worth of Samvardhana Motherson International. The subsidiary's income contributed 0% to the consolidated revenue, and its net worth contributed 0% to the consolidated net worth as of the end of FY 2025-26. The closure was initiated as the entity was dormant and not generating any operational value.

The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the dissolution process was completed following the necessary regulatory approvals in Shanghai. No financial consideration was involved in the dissolution as the subsidiary was not engaged in any active business.

Financial Impact of Dissolution

The following table outlines the financial metrics of Motherson DRSC for FY 2025-26 and its contribution to the consolidated entity:

The subsidiary's removal from the register does not alter the financial standing of Samvardhana Motherson International. The company continues to focus on its core operations and strategic growth initiatives.