Samvardhana Motherson International Limited , a leading auto component manufacturer, has announced the appointment of Mr. Dinesh Kumar Khara as an Additional Director and Non-Executive Independent Director. This strategic move brings a wealth of banking experience to the company's board.

Board Approval and Appointment Details

The Board of Directors of Samvardhana Motherson, based on the recommendation of the Nomination and Remuneration Committee, approved Mr. Khara's appointment in a meeting held on September 25, 2025. The appointment is for a five-year term, commencing from September 25, 2025, to September 24, 2030, subject to shareholder approval.

Dinesh Kumar Khara's Impressive Banking Career

Mr. Khara brings nearly four decades of extensive experience in the banking sector to his new role. His illustrious career includes:

• Serving as the Chairman of State Bank of India (SBI) from October 2020 to August 2024
• Managing Director roles at SBI, overseeing Global Banking and Subsidiaries, and Associates and Subsidiaries
• Managing Director and CEO of SBI Funds Management Private Limited from November 2013 to August 2016

During his tenure at SBI, Mr. Khara played a pivotal role in the successful merger of five Associate Banks and Bhartiya Mahila Bank with SBI. He also managed key functions such as Risk, Information Technology, and Compliance.

Educational Background and Expertise

Mr. Khara's educational qualifications include:

• Master's in Business Administration from the Faculty of Management Studies, University of Delhi
• Post Graduate degree in Commerce from the Delhi School of Economics
• Fellow of the Indian Institute of Banking & Finance

His expertise lies in leveraging analytics and technology to drive innovation and enhance operational efficiency in corporate entities.

Compliance and Independence

The company has confirmed that Mr. Khara is not related to any existing directors of Samvardhana Motherson International Limited. Furthermore, he is not debarred from holding directorship positions by any regulatory authority.

Board Meeting Details

The board meeting that approved Mr. Khara's appointment commenced at 16:00 Hours (IST) and concluded at 16:25 Hours (IST) on September 25, 2025.

This appointment of Mr. Dinesh Kumar Khara is expected to bring valuable insights and expertise to Samvardhana Motherson International Limited, potentially strengthening its strategic decision-making capabilities in the evolving automotive component industry.

Samvardhana Motherson International Limited , a company headquartered in Noida, Uttar Pradesh, has disclosed that its wholly owned subsidiary, Motherson Auto Solutions Limited (MASL), has received a penalty order of INR 10,20,166 from the Assistant Commissioner in Chengalpattu, Tamil Nadu. The penalty was imposed under section 73(9) read with section 17(5) of the Tamil Nadu Goods and Services Tax (TNGST) Act, 2017, concerning the eligibility of input tax credit availed during the financial year 2021-22.

Penalty Details

The order, received by MASL on September 15, 2025, was issued by the Assistant Commissioner (ST), Maraimalainagar, Chengalpattu, Tamil Nadu. The penalty amount of INR 10.20 lakh specifically addresses issues related to the eligibility of input tax credit claimed by the company during FY 2021-22.

Company's Response

In a disclosure to the stock exchanges, Samvardhana Motherson International Limited stated that there is no material impact on the financials or operations of the company due to this penalty. However, MASL intends to contest the order and plans to file an appeal against the penalty.

Regulatory Compliance

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Samvardhana Motherson International Limited promptly informed the National Stock Exchange of India Limited and BSE Limited about the development, adhering to its obligations as a listed entity.

About the Company

Samvardhana Motherson International Limited operates through various subsidiaries, including Motherson Auto Solutions Limited, which is at the center of this recent tax penalty.

As the matter is subject to appeal, stakeholders and investors will likely keep a close watch on further developments and the potential financial implications, if any, on the Samvardhana Motherson group.