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 The company submitted an update to BSE and NSE on March 23, 2026, regarding the acquisition disclosure originally made on August 29, 2025.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.

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.

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