Samvardhana Motherson International subsidiary Samvardhana Motherson Adsys Tech Limited (SMAST) plans to acquire a 50.1% stake in Rotary Connectors Private Limited (RCPL) for an enterprise value of ₹5,004 crore.

Deal at a glance

The following table summarises the key parameters of the proposed acquisition:

The transaction involves SMAST securing a majority interest of 50.1% in RCPL from existing shareholders. Post-completion, RCPL will become an indirect subsidiary of Samvardhana Motherson International, with promoters retaining a 49.9% stake. The equity value will be determined as enterprise value plus net cash as on March 31, 2026, adjusted for leakage or cash withdrawal until closing.

Strategic rationale and target profile

The acquisition supports the Motherson Group’s vision of diversifying its Aerospace and Defence business vertical, specifically in Electrical Wiring Interconnect Systems (EWIS). RCPL manufactures military-grade circular connectors and interconnection solutions for aerospace and defence applications. It operates three manufacturing facilities in Bengaluru.

RCPL’s turnover has grown consistently over the last three years:

The deal is not a related-party transaction and requires no governmental or regulatory approvals. The Board of Directors approved the purchase on September 21, 2026.

Samvardhana Motherson International has scheduled a series of analyst and institutional investor meetings for late September 2026. The management team will engage with key financial institutions across virtual and physical platforms.

The company announced the schedule on September 17, 2026, disclosing engagements with ICICI Prudential Life Insurance, SBI Mutual Fund, and Franklin Templeton. These one-on-one sessions are designed to update stakeholders on the company's operational performance and strategic outlook.

Meeting Schedule

The interactions are structured as follows:

The final engagement is a non-deal roadshow in Japan organized by Nomura. This event will take place on September 28, 2026, running from 9:00 am to 6:00 pm Japan Standard Time.

Regulatory Disclosure

The company stated that no unpublished price-sensitive information will be shared during these meetings. The disclosure was made pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III.

The schedule remains subject to change due to exigencies on the part of investors or the company. Alok Goel, Company Secretary, signed the intimation on behalf of the management.