Samvardhana Motherson sets Sept 11 record date for CCD interest payment
- Record date for second-year CCD interest is September 11, 2026
- Interest payment of 6.50% per annum due on September 30, 2026
- Total allotment of 150,000 debentures at ₹100,000 face value each
- Instrument matures on September 20, 2027 with coupon deferability option
*this image is generated using AI for illustrative purposes only.
Samvardhana Motherson International Limited has fixed September 11, 2026 as the record date for the payment of interest on its listed Compulsorily Convertible Debentures. The company will pay the second-year installment to eligible debenture holders on September 30, 2026.
The auto components major allotted 150,000 6.50% Compulsorily Convertible Debentures to qualified institutional buyers on September 20, 2024. Each debenture carries a face value of ₹100,000. The interest accrues daily and is payable annually until conversion.
Interest Payment Schedule
The instrument bears interest at 6.50% per annum. The first installment was paid in September 2025. The second installment is due in September 2026, with the final maturity and third installment scheduled for September 20, 2027.
| Installment | Due Date | Status |
|---|---|---|
| First year | September 30, 2025 | Paid |
| Second year | September 30, 2026 | Upcoming |
| Third year | September 20, 2027 | Maturity |
Terms and Conditions
The CCDs are unsecured and unrated. Interest payments rank pari passu with other unsecured debentures. The instrument includes an option for coupon deferability and is non-cumulative. If the company delays payment, an additional interest of 2.00% per annum applies to the delayed period.
Holders who exercise their right to convert the debentures into equity shares will receive any accrued but unpaid interest within seven working days from the conversion date.
Historical Stock Returns for Samvardhana Motherson International
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.61% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How might the upcoming conversion of these Compulsorily Convertible Debentures into equity in 2027 impact Samvardhana Motherson's share price and existing shareholder dilution?
Given the coupon deferability option, what are the potential risks to the company's credit rating if it chooses to delay interest payments during economic downturns?
How does the 6.50% interest rate on these unsecured debentures compare to current market benchmarks for similar auto component manufacturers' debt instruments?
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