Samvardhana Motherson International Ltd has revised the closing timeline for acquiring a 28.15% stake in HR Dhauliganga Private Limited to Q4 FY27, delaying the earlier expected completion of Q1 FY27. The transaction is intended to ensure compliance with regulatory requirements for captive power generation and consumption under Electricity Laws. The delay is attributed to the ongoing completion of conditions precedent required for the transaction.

The company and its subsidiaries had previously approved the execution of Power Delivery Agreements with HR Dhauliganga Private Limited, a special purpose vehicle established by Hinduja Renewables Energy Private Limited. This stake acquisition is part of a broader strategy to meet regulatory standards for power operations.

Transaction Details

The key parameters of the transaction are outlined below:

The disclosure was submitted to the exchanges pursuant to Regulation 30(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that all necessary approvals and agreements are being processed to meet the revised timeline.

Onega Solar Private Limited (OSPL-SPV) allotted 69,79,648 equity shares on a private placement basis on June 26, 2026, to comply with the shareholding requirements under the Group Captive framework. The shares, with a face value of ₹10 each, aggregate to ₹6,97,96,480. This allotment was made to samvardhana motherson international and other participating entities, including subsidiaries, joint ventures, associates, and promoter group entities.

OSPL-SPV is a special purpose vehicle established for the development of a 15 MWp Group Captive Solar Project in Uttar Pradesh. The acquisition of OSPL-SPV by Motherson New Energy Limited (MNEL), a wholly owned subsidiary, was completed on December 24, 2025. The strategic move aligns with the company's sustainability objectives, aiming to facilitate long-term cost efficiencies and reduce the carbon footprint of domestic operations.

Following the allotment, OSPL-SPV ceased to be a wholly owned subsidiary of MNEL. The company holds 11.72% of the equity share capital of OSPL-SPV on a fully diluted basis directly and 86.77% indirectly through its subsidiaries. Consequently, OSPL-SPV continues to remain an indirect subsidiary of the company.

The dilution in shareholding was undertaken solely to meet regulatory requirements and does not result in any change in the management or control of OSPL-SPV. The entity remains under the control of the company. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholding Details