Subsidiary fined CNY 188,537 by Chinese customs

SMP Automotive Interiors (Beijing) Co., Ltd, an indirect wholly owned subsidiary of samvardhana motherson international , has been penalized CNY 188,537 by the Customs of Yizhuang Town, Daxing District, Beijing, China. The penalty order, dated June 5, 2026, was received on June 8, 2026, and amounts to INR 26,58,093. The company stated that there is no material impact on its financials, operations, or other activities as a result of this order.

The penalty was imposed due to an alleged wrongful declaration of delivery terms of the goods. Specifically, the subsidiary declared Free on Board (FOB) terms, whereas the actual terms were Ex-works (EXW). The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Penalty Order

The following table outlines the key details of the regulatory action:

Particulars	Details
Name of the Authority	Customs of Yizhuang Town, Daxing District, Beijing, China
Nature of Action	Penalty order imposed on SMP Automotive Interiors (Beijing) Co., Ltd
Penalty Amount	CNY 188,537 (INR 26,58,093)
Date of Order	June 5, 2026
Date of Receipt	June 8, 2026
Reason for Penalty	Alleged wrongful declaration of delivery terms (EXW actual instead of FOB declared)
Impact on Company	No material impact on financials or operations

The subsidiary, SMP Automotive Interiors (Beijing) Co., Ltd, is classified as an indirect wholly owned subsidiary of Samvardhana Motherson International. The company confirmed that the explanation for delay in disclosure was not applicable in this instance.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.03%	-3.34%	+6.60%	+21.04%	+32.91%	+54.59%

Samvardhana Motherson International has commissioned its first ground-mounted captive solar power project in Uttar Pradesh via its subsidiary Onega Solar Private Limited. Located in Mahoba, the 15 MWp solar facility marks a significant milestone in the Group's clean energy transition strategy and industrial decarbonization efforts.

Developed as a group captive renewable energy project, the solar plant is expected to generate approximately ~23.4 GWh of renewable electricity annually. This initiative will reduce ~17000 MT of CO2 emissions each year, supplying clean energy to multiple Motherson manufacturing plants across the state. The project aims to improve long-term energy cost visibility and operational resilience.

Parameter	Details
Project Type	Ground-mounted Captive Solar
Location	Mahoba, Uttar Pradesh
Capacity	15 MWp
Annual Generation	~23.4 GWh
CO2 Reduction	~17000 MT/year

The project was developed in partnership with ib vogt, a renewable energy development company, which supported the initiative through land acquisition, regulatory approvals, technical designing, and EPC execution. Laksh Vaaman Sehgal, Vice Chairman, Motherson Group, highlighted that the commissioning strengthens energy resilience and reduces the environmental footprint. Kunal Vohra, COO, Energy Business, Motherson Group, noted that the project establishes the foundation for scaling the renewable energy portfolio.

Motherson New Energy Limited (MNEL) continues to evaluate additional renewable energy opportunities across multiple Indian states as part of the group's long-term energy transition roadmap. This move aligns with the company's broader sustainability ambitions to increase renewable energy adoption and reduce carbon intensity across operations.