Samvardhana Motherson International Limited has inaugurated a state-of-the-art automotive lighting manufacturing facility in Sanand, Gujarat on February 23, 2026. The facility represents a significant expansion of the company's manufacturing capabilities through its strategic joint venture with Marelli Europe SPA.

Strategic Joint Venture Partnership

The new facility operates under Marelli Motherson Automotive Lighting India Private Limited (MMLI), a strategic joint venture where Samvardhana Motherson International holds 50% equity share capital. This partnership combines Marelli's global technology leadership with Motherson's manufacturing excellence and customer relationships in the Indian market.

Advanced Manufacturing Capabilities

The world-class manufacturing facility spans 8,200 square meters and utilizes cutting-edge technologies to serve the rising demand for premium lighting solutions. The plant is equipped with high-tonnage multi-colour moulding machines ranging from 2,000T to 2,700T, enabling advanced manufacturing processes.

Industry-First Innovations

The facility achieves several significant milestones for the Indian automotive industry:

• First facility in India capable of manufacturing edge-to-edge single-piece long lighting parts
• Localization of the slimmest headlamp module in the country
• India's first single-piece, end-to-end Daytime Running Lights (DRL) manufacturing capability
• First single-piece Rear Combination Lamps (RCL) production in India

Leadership Perspectives

Mr Laksh Vaaman Sengal, Vice Chairman, Motherson, commented on the inauguration: "The inauguration of our cutting-edge automotive lighting plant underscores Motherson's unwavering commitment to innovation, excellence, and customer-centricity. This strategic investment strengthens our ability to deliver advanced, future-ready lighting solutions while meeting the evolving needs of our customers."

Frank Huber, President of Marelli's Lighting business, emphasized the facility's significance: "Our new facility in Sanand is a key milestone in bringing advanced lighting technologies to our customers in India. Together with our partner Motherson, we are uniting global innovation with strong local manufacturing capabilities to deliver cutting-edge solutions for the Indian market."

Sustainability Commitment

The facility demonstrates the company's commitment to environmental responsibility through integrated sustainability features. The plant incorporates rooftop solar power generation, with additional plans underway to source open-access green power, aligning with modern manufacturing sustainability standards.

Source: None/Company/INE775A01035/bb7b87ee-ccdf-4216-ace2-e5e894088e0f.pdf

Samvardhana Motherson International Limited delivered strong financial performance in Q3FY26, with the Board of Directors approving the unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, at their meeting held on February 10, 2026.

Board Meeting and Regulatory Compliance

The Board meeting commenced at 1000 Hours (IST) and concluded at 1345 Hours (IST) on February 10, 2026. Pursuant to Regulation 33 and Regulation 52 of SEBI LODR, the company submitted comprehensive financial documentation including unaudited standalone and consolidated financial results, limited review reports, performance presentation, and press release to BSE Limited and National Stock Exchange of India Limited.

Strong Revenue Growth Across Operations

The company demonstrated robust operational performance with total revenue from operations reaching ₹31,409.39 crores in Q3FY26, representing a significant 13.5% increase from ₹27,665.92 crores in Q3FY25. This growth was primarily driven by revenue from contracts with customers, which rose to ₹31,185.29 crores from ₹27,231.61 crores in the previous year.

For the nine-month period, total revenue from operations stood at ₹91,794.36 crores compared to ₹84,345.74 crores in the corresponding period of the previous year, marking an 8.8% year-on-year growth.

Profitability Performance

Net profit for Q3FY26 reached ₹1,072.27 crores, up 8.9% from ₹984.35 crores in Q3FY25. However, the company's profitability was impacted by exceptional expenses of ₹46.48 crores during the quarter, primarily related to new Labour Code compliance requirements and operational restructuring costs.

Segment-wise Performance Analysis

The company's diversified business portfolio showed mixed performance across segments. The Modules and Polymer Products segment led revenue generation with ₹15,775.29 crores in Q3FY26, while the Wiring Harness segment contributed ₹9,082.61 crores.

Exceptional Items and Operational Challenges

The company faced exceptional expenses totaling ₹46.48 crores in Q3FY26 and ₹219.13 crores for the nine-month period. These expenses primarily comprised ₹33.3 crores related to reassessment of Employee Benefits obligations following the notification of four new Labour Codes effective November 21, 2025. Additionally, ₹13.2 crores in Q3FY26 and ₹185.8 crores for the nine-month period were attributed to phased operational restructuring at certain units, primarily located in Europe.

Balance Sheet and Financial Position

The company maintained a strong financial position with total segment assets of ₹101,291.66 crores as of December 31, 2025, compared to ₹87,769.94 crores in the previous year. The debt-equity ratio stood at 0.46 times, while the current ratio was maintained at 1.05 times.

Corporate Actions and Strategic Initiatives

The company successfully implemented a bonus share issue during the period, with shareholders approving the issuance of one bonus equity share for every two existing shares on July 7, 2025. The paid-up capital increased to ₹1,055.44 crores with 10,554,442,601 equity shares of ₹1 each.

Additionally, the Board and shareholders approved an Employee Stock Option Plan (ESOP) scheme, with the company constituting an Employees Welfare Trust on September 30, 2025. The Trust acquired 1,50,00,000 equity shares from the secondary market during the quarter.

Earnings Conference Call Recording Available

Following the disclosure letter dated January 23, 2026, regarding the schedule of earnings conference call on the unaudited financial results, the company has uploaded the audio recording of the conference call on its website at www.motherson.com under the section 'Investor Section / Analyst Call Transcripts'. This disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.