Motherson Sumi Wiring India Limited (MSWIL), a key player in the automotive wiring industry, has announced significant changes to its Board of Directors, effective July 24, 2025. The company, known for its expertise in automotive wiring systems, is set to welcome a new nominee director from its Japanese partner, Sumitomo Wiring Systems Limited.

Board Reshuffle

The changes in MSWIL's board composition include:

1. Resignation: Mr. Norikatsu Ishida, who served as a nominee director of Sumitomo Wiring Systems Limited, Japan, has stepped down from the Board.

2. New Appointment: Mr. Soichiro Namba has been appointed as an Additional Director, representing Sumitomo Wiring Systems Limited, Japan.

These changes were approved by the MSWIL Board of Directors during a meeting held on July 24, 2025.

Profile of the New Director

Mr. Soichiro Namba brings a wealth of experience to MSWIL:

• Educational Background: Graduate of Keio University, Tokyo
• Professional Experience: Over 30 years in sales and international business operations
• International Exposure: More than 10 years of working experience in Belgium and Germany
• Expertise: Extensive knowledge in marketing, international business, and management
• Career History: Worked with Sumitomo Electric Industries, Ltd. (SEI) and Sumitomo Wiring Systems, Ltd. (SWS) in various capacities

Mr. Namba's appointment as a Director will be subject to approval at the upcoming Annual General Meeting of MSWIL.

Additional Board Approvals

In the same board meeting, MSWIL also approved the appointment or re-appointment of key auditors:

1. Secretarial Auditor: M/s. SGS Associates LLP, appointed for five consecutive years from FY 2025-26 to FY 2029-2030
2. Internal Auditor: M/s PR Mehra & Co., re-appointed for FY 2025-26
3. Cost Auditor: M/s M.R Vyas and Associates, re-appointed for FY 2025-26

These appointments are part of MSWIL's commitment to maintaining robust corporate governance and compliance standards.

The board changes and auditor appointments reflect MSWIL's ongoing efforts to strengthen its leadership and ensure effective corporate oversight. As the company continues to navigate the dynamic automotive industry, these strategic moves are expected to contribute to its growth and operational excellence.

Motherson Sumi Wiring India , a key player in the automotive wiring industry, has made a significant announcement that is set to benefit its shareholders. The company's board has approved the issuance of bonus shares in a ratio of 1:2, a move that will increase the number of shares held by existing shareholders without any additional cost.

Bonus Share Details

The bonus issue, as approved by the company's board, will work as follows:

• Ratio: 1:2 (One bonus share for every two shares held)
• Eligibility: All existing shareholders of Motherson Sumi Wiring India
• Cost to Shareholders: No additional cost

This corporate action essentially means that for every two shares a shareholder currently owns, they will receive one additional share. For instance, if an investor holds 100 shares of Motherson Sumi Wiring India, they will receive 50 additional shares after the bonus issue is implemented.

Impact on Shareholders

The bonus issue is generally viewed positively by shareholders for several reasons:

1. Increased Holdings: Shareholders will see an increase in the number of shares they own without any extra investment.
2. Potential for Increased Liquidity: With more shares in circulation, there could be improved liquidity in the stock market.
3. Market Perception: Bonus issues are often interpreted as a sign of the company's confidence in its future prospects and financial health.

It's important to note that while the number of shares will increase, the proportional ownership of each shareholder in the company remains unchanged. The bonus issue effectively redistributes the company's reserves into its share capital.

Next Steps

Shareholders and potential investors should keep an eye out for further announcements from Motherson Sumi Wiring India regarding:

• The record date for determining eligible shareholders
• The ex-bonus date, after which new investors will not be eligible for the bonus shares
• The date of credit of bonus shares to shareholders' accounts

As always, investors are advised to consider their overall investment strategy and consult with financial advisors before making any investment decisions based on this corporate action.

Motherson Sumi Wiring India's decision to issue bonus shares reflects the company's commitment to rewarding its shareholders and potentially enhancing the stock's market appeal. As the automotive industry continues to evolve, such moves may position the company favorably in the eyes of both existing and potential investors.