Samvardhana Motherson International Ltd has revised the expected completion timeline for the acquisition of an 81% stake in Yutaka Giken Co. Ltd. The transaction, which was previously targeted for the first quarter of financial year 2026-2027, is now expected to be completed by the second quarter of financial year 2026-2027. This update was submitted to the exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The acquisition is being executed by Motherson Global Investments B.V., an indirect wholly owned subsidiary of Samvardhana Motherson International . The deal involves purchasing 81% of the voting rights in Yutaka Giken Co. Ltd, a company listed on the Tokyo Stock Exchange. Additionally, the transaction includes the acquisition of an 11% stake in Shinnichi Kogyo Co. Ltd, a subsidiary of Yutaka Giken Co. Ltd in which the latter holds a 62% ownership stake.

The revised timeline is subject to the satisfactory completion of all conditions precedent and the steps outlined in the original disclosure. The company had initially informed the exchanges regarding the indicative time period in a filing dated August 29, 2025.

Key Details of the Acquisition

The completion of the acquisition remains contingent upon fulfilling all regulatory and procedural requirements. The company stated that the update is for the information and records of the shareholders and the exchanges.

Samvardhana Motherson International expects to complete the acquisition of Nexans autoelectric GmbH and Elektrokontakt GmbH in July 2026. The transaction, which involves the purchase of business assets, real estate, and shares in foreign subsidiaries, is being executed by Motherson Global Investments B.V. (MGI BV), an indirect wholly owned subsidiary of the company. The revised timeline follows an earlier disclosure indicating the acquisition would conclude in the first quarter of financial year 2026-2027.

Acquisition Details

The acquisition encompasses the business operations, including assets and specific real estate properties of Nexans autoelectric GmbH and Elektrokontakt GmbH. Additionally, the deal includes the acquisition of shares in the foreign subsidiaries of these entities. MGI BV, along with its subsidiaries, is the designated entity undertaking the purchase.

Timeline and Conditions

The company initially projected the completion of the acquisition for the first quarter of financial year 2026-2027. In a regulatory filing submitted on June 30, 2026, the company updated this timeline, stating that the transaction is now expected to conclude during July 2026. The finalization of the deal remains contingent upon the satisfactory completion of all conditions precedent required for the transaction.