Samvardhana Motherson International Limited’s Board of Directors has granted in-principle approval for the issuance of Non-Convertible Debentures (NCDs) worth up to ₹5,000 crore. The decision was taken during a meeting held on May 20, 2026, under Regulation 30 and Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The proposed securities are rated, listed, unsecured, and redeemable NCDs with a face value of ₹1,00,000 each. The issuance will be conducted on a private placement basis in one or more series or tranches, targeting eligible investors as per applicable laws. The company intends to list these instruments on BSE Limited and the National Stock Exchange of India Limited.

Key Details of the Issuance

The aggregate principal amount of the issue is capped at ₹5,000 crore. The specific terms regarding the tenure, coupon rate, and payment schedules will be decided by the delegated authorized persons or a committee of directors. The company confirmed that no charge or security will be created over the assets for this issuance.

The Board meeting commenced at 1000 Hours IST and concluded at 1420 Hours IST on the same day. The issuance is subject to final approvals and market conditions.

Samvardhana Motherson International Limited has announced the appointment of M/s B S R & Co. LLP as its new Statutory Auditor. The decision was taken by the Board of Directors at its meeting held on May 20, 2026, based on the recommendation of the Audit Committee.

Appointment Details

The new auditor has been appointed for a term of five years. The tenure will commence from the conclusion of the 40th Annual General Meeting (AGM), scheduled for 2027, and will continue until the conclusion of the 45th AGM, to be held in 2032. This appointment is subject to approval by the shareholders and other statutory requirements, including auditor independence norms.

Transition from Current Auditor

M/s S. R. Batliboi & Co. LLP, the current Statutory Auditor, will continue to perform the audit duties until the conclusion of the 40th AGM in 2027. This marks the completion of their second consecutive five-year term with the company.

Profile of New Auditor

M/s B S R & Co. LLP was originally constituted as a partnership firm on March 27, 1990, and converted into a Limited Liability Partnership on October 14, 2013. The firm is a member entity of B S R & Affiliates, a network registered with the Institute of Chartered Accountants of India (ICAI). With over 4,000 staff members and 170 partners across 14 locations, the firm serves as a statutory auditor for several listed companies in India.