Motherson Delays Acquisition of 28.15% Stake in HR Dhauliganga to Q1 FY27

Samvardhana motherson international Limited has informed stock exchanges about a delay in completing its proposed acquisition of a 28.15% stake in HR Dhauliganga Private Limited. The transaction timeline has been extended from the originally anticipated Q4 FY26 to Q1 FY27.

Transaction Background

The acquisition forms part of a broader strategic initiative involving Power Delivery Agreements that Samvardhana Motheron International Limited and its subsidiaries have executed with HR Dhauliganga Private Limited. These agreements were approved through disclosures made on June 19, 2025, September 26, 2025, and December 25, 2025.

Parameter:	Details
Stake Acquisition:	28.15% in HR Dhauliganga Private Limited
Original Timeline:	Q4 FY26
Revised Timeline:	Q1 FY27
Reason for Delay:	Ongoing completion of condition precedents

Strategic Purpose

The proposed stake acquisition is designed to ensure compliance with regulatory requirements for captive power generation and consumption under Electricity Laws. HR Dhauliganga Private Limited operates as a special purpose vehicle established by Hinduja Renewables Energy Private Limited, focusing on renewable energy initiatives.

Regulatory Compliance

The company has submitted this update pursuant to Regulation 30(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows previous communications made on three separate dates in 2025, demonstrating the company's commitment to maintaining transparency with stakeholders regarding this strategic transaction.

Current Status

While the acquisition timeline has been extended, the fundamental structure and strategic rationale for the transaction remain unchanged. The delay is attributed to the ongoing completion of condition precedents, which are standard requirements in corporate acquisitions of this nature.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.75%	-5.59%	-19.90%	+0.76%	+22.19%	+37.54%

Samvardhana Motherson International Limited has announced a revised timeline for the completion of its subsidiary transaction involving Motheron Technology Services Limited (MTSL). The company submitted an update to BSE and NSE on March 23, 2026, regarding the acquisition disclosure originally made on August 29, 2025.

Transaction Details and Current Status

The transaction involves a scheme for reduction of share capital by MTSL under Section 66 and other applicable provisions of the Companies Act, 2013. This scheme requires approval from the Hon'ble National Company Law Tribunal before implementation.

Parameter:	Details
Current SAMIL Shareholding in MTSL:	92.96%
Post-Transaction Shareholding:	100% wholly owned subsidiary
Original Expected Completion:	Q4 FY26
Revised Expected Completion:	Q2 FY27

Revised Timeline and Regulatory Process

The company has extended the expected completion timeline from Q4 FY26 to the Second Quarter of Financial Year 2026-27. This delay is attributed to the ongoing regulatory process that governs such corporate restructuring transactions.

The selective reduction of equity share capital by MTSL will affect certain shareholders, ultimately resulting in Samvardhana Motherson International Limited becoming the sole owner of MTSL. This corporate action requires careful adherence to regulatory procedures and tribunal approvals.

Compliance and Disclosure

The update was submitted pursuant to Regulation 30(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Alok Goel signed the disclosure document, ensuring compliance with stock exchange notification requirements.

The company maintains transparency with stakeholders by providing timely updates on significant corporate developments that may impact the subsidiary structure and business operations.