Motherson's French Subsidiary GIE Groupe AD Dissolved Under Regulation 30

Samvardhana Motherson International has announced the dissolution of its French subsidiary GIE Groupe AD following approval from the Commercial Register at France. The dissolution was completed on April 14, 2026, with an effective date of November 1, 2017, as part of the company's regulatory compliance under SEBI Listing Obligations and Disclosure Requirements Regulations.

Subsidiary Dissolution Details

The dissolution process was initiated through an application submitted by GIE Groupe AD, an indirect wholly owned subsidiary of Samvardhana Motherson International. The Commercial Register at France approved the dissolution on April 14, 2026, completing the deregistration process on the same date.

Parameter:	Details
Dissolution Date:	April 14, 2026
Effective Date:	November 1, 2017
Acquisition Date:	May 13, 2024
Business Status:	Non-operational

Financial Impact Assessment

GIE Groupe AD was acquired as part of the ADI Group acquisition on May 13, 2024, but was not carrying out any business operations. The subsidiary's financial contribution to the parent company remained minimal, with shareholders approving its dissolution due to its non-operational status.

Financial Metric:	FY 2024-25	Impact on Consolidated
Other Income:	Euro 122,917	Negligible/0.00%
Net Worth:	Nil	0.00%
Revenue Contribution:	Nil	0.00%

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company filed the intimation with BSE Limited and National Stock Exchange of India Limited, providing comprehensive details about the subsidiary dissolution in accordance with SEBI Master Circular requirements.

Corporate Structure Impact

The dissolution of GIE Groupe AD represents a streamlining of Samvardhana Motherson International's European operations. Since the entity was non-operational and contributed negligible amounts to the consolidated financials, its dissolution is expected to have minimal impact on the company's overall business operations and financial performance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.69%	+5.17%	+12.26%	+18.44%	+41.76%	+66.12%

Samvardhana Motherson International Limited has informed stock exchanges about a penalty imposed on its US subsidiary by California tax authorities. The disclosure was made under Regulation 30 of SEBI Listing Regulations on April 15, 2026.

Penalty Details

The State of California Franchise Tax Board has imposed a penalty on Motherson SAS Automotive Services USA Inc., an indirect wholly owned subsidiary of Samvardhana Motherson International Limited. The penalty stems from issues related to the income tax computation return filed for the year ended March 31, 2025.

Parameter:	Details
Penalty Amount:	$28,518 (USD)
INR Equivalent:	₹26,62,742 (approx.)
Authority:	State of California Franchise Tax Board
Order Date:	April 14, 2026
Subsidiary:	Motherson SAS Automotive Services USA Inc.

Nature of Violation

The penalty arises due to classification issues related to sales and vendors. According to the company's disclosure, certain sales were categorized as foreign, which impacted the calculation of eligible tax for the subsidiary. This misclassification led to the imposition of the penalty by the California tax authorities.

Financial Impact Assessment

The company has clarified that the penalty will not have any material impact on its financial position or operational activities. Both the subsidiary and the parent company are expected to continue their operations without significant disruption from this regulatory action.

Regulatory Compliance

The disclosure was made promptly, with the company receiving the order on April 14, 2026, and informing the exchanges on April 15, 2026. The company has indicated that there was no delay in making this disclosure to the stock exchanges, demonstrating adherence to regulatory requirements under SEBI Listing Regulations.