Samvardhana Motherson International Limited has announced an interim dividend for its equity shareholders following a Board of Directors meeting held on March 19, 2026. The company has now issued comprehensive tax deduction guidelines for the dividend payment process, requiring shareholders to submit necessary documentation by March 26, 2026.

Dividend Declaration Details

The Board of Directors approved the declaration of an interim dividend of INR 0.35 per equity share with a face value of INR 1 each for the financial year 2025-26. This dividend announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Deduction Guidelines for Shareholders

In accordance with the Income Tax Act, 1961, the company will deduct Tax at Source (TDS) at applicable rates on dividend payments. The TDS rate varies based on residential status and documentation submitted by shareholders. For resident shareholders with valid PAN, TDS will be deducted at 10%, while those without valid PAN will face 20% deduction.

Resident Shareholder Tax Rates

Documentation Requirements and Submission Process

Shareholders must submit required documents through KFin Technologies Limited's portal at https://ris.kfintech.com/form15/forms.aspx?q=0 before March 26, 2026, 1700 Hours (IST). The company has specified different documentation requirements for various categories including mutual funds, insurance companies, and Alternative Investment Funds.

For non-resident shareholders, TDS will be deducted at 20% plus applicable surcharge and cess, or at Tax Treaty rates if proper documentation is provided. Non-residents can avail lower rates by submitting Tax Residency Certificate, Form 10F, and self-declaration as per prescribed formats.

Payment Timeline and Compliance

The interim dividend will be disbursed within 30 days of declaration date in accordance with applicable laws. The company has confirmed that all regulatory requirements under SEBI Listing Regulations will be followed for the dividend payment process. Shareholders whose names appear in the Register of Members or Depository records on March 27, 2026, will be eligible for the dividend payment.

The Board meeting was conducted from 1630 Hours to 1725 Hours (IST) on March 19, 2026, with the dividend declaration being a key decision demonstrating the company's commitment to shareholder value creation.

Source: None/Company/INE775A01035/f507e0b7-2dcb-49bb-afc0-eb5815ea2503.pdf

Samvardhana Motherson International Limited has announced the dissolution of its indirect wholly owned subsidiary SMR Real Estate Deutschland B.V. & Co. KG, located in Germany. The dissolution was confirmed by the Commercial Register on March 17, 2026, following an application submitted by the subsidiary.

Regulatory Compliance and Disclosure

The company has informed both BSE Limited and National Stock Exchange of India Limited about this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was made in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated January 30, 2026.

Subsidiary Details and Financial Impact

SMR Real Estate Deutschland B.V. & Co. KG was not carrying any business or operations at the time of dissolution. The subsidiary's financial contribution to the parent company was minimal, as detailed in the regulatory filing.

Dissolution Process

The dissolution process was initiated by SMR Real Estate itself through an application to the German Commercial Register. Given that the subsidiary was not engaged in any active business operations, the dissolution appears to be part of routine corporate housekeeping to streamline the company's subsidiary structure.

Corporate Communication

The formal intimation was signed by Alok Goel, Company Secretary of Samvardhana Motherson International Limited, and dated March 20, 2026. The communication included comprehensive details as required under SEBI regulations, covering various aspects of the dissolution including financial impact, transaction details, and regulatory compliance.

The dissolution of this non-operational subsidiary is expected to have no material impact on the company's operations or financial performance, given the subsidiary's nil contribution to revenue and net worth.