Samvardhana Motherson International Limited has successfully concluded its postal ballot process, with shareholders overwhelmingly approving both proposed resolutions. The company announced the results on December 22, 2025, following the completion of the remote e-voting period that ended on December 21, 2025.

Postal Ballot Results Overview

The e-voting process witnessed significant shareholder participation, with both resolutions receiving strong approval from members. The scrutinizer, Mr. D.P. Gupta, Managing Partner of SGS Associates LLP, submitted the voting results report confirming the passage of both resolutions with requisite majority.

Director Appointment Approved with Overwhelming Support

Shareholders approved the appointment of Mr. Dinesh Kumar Khara as Independent Director with exceptional support. The Special Resolution received 99.92% votes in favour, demonstrating strong confidence in the proposed appointment.

Mr. Khara, former Chairman of State Bank of India, will serve as Independent Director for five years from September 25, 2025, to September 24, 2030. His extensive 40-year banking experience in treasury, risk management, IT, and compliance is expected to strengthen the company's board expertise.

Executive Remuneration Revision Receives Strong Approval

The Ordinary Resolution for revising Mr. Pankaj Mital's remuneration as Whole-time Director also received substantial shareholder support, with 99.64% votes in favour.

The approved remuneration structure includes a basic salary of ₹32.74 lakh per month for Mr. Mital, who will be designated as President - SAMIL. His annual remuneration for FY 2025-26 is capped at ₹5.56 crore, with eligibility for employee stock options and annual increments up to 15% based on performance.

Corporate Governance and Transparency

The postal ballot process was conducted in accordance with the Companies Act, 2013, and SEBI regulations. The voting results and scrutinizer's report have been uploaded on the company's website and the e-voting agency's platform for transparency.

These successful resolutions reflect Samvardhana Motherson International's commitment to strengthening its leadership team and aligning executive compensation with growth objectives. The overwhelming shareholder support demonstrates confidence in the company's strategic direction and governance practices.

Samvardhana Motherson International Limited , a leading auto components manufacturer, has reported strong financial results for the second quarter of fiscal year 2026, demonstrating resilience and growth amid evolving market dynamics.

Financial Highlights

The company delivered impressive performance across key financial metrics:

Operational Performance

Samvardhana Motherson's operational excellence was evident across various business segments:

• Order Book: The company's order book stands at Rs. 87.20 billion as of September 2025, reflecting strong customer confidence and future growth potential.

• Aerospace Division: Demonstrated exceptional growth with a 37% year-on-year increase in the first half of FY26, showcasing the company's successful diversification strategy.

• Consumer Electronics: Exhibited strong momentum with a 36% quarter-on-quarter growth, indicating the company's successful foray into new sectors.

• European Operations: The transformative measures implemented in European operations are showing positive results, particularly in the polymer business, where profitability improved from 6.4% to 7.4%.

Strategic Initiatives and Future Outlook

Laksh Vaaman Sehgal, Director of Samvardhana Motherson, highlighted the company's strategic focus:

• Diversification: The company is making significant strides in aerospace and consumer electronics sectors, with a combined order book of 3 billion for these segments.

• Operational Efficiency: Transformative measures in European operations, especially in the polymer business, are yielding positive results.

• Technology Focus: Plans to hire over 5,000 engineers in the next five years to enhance capabilities in AI and automation.

• Balanced Approach to EV: While the share of EV in the order book slightly decreased from 24% to 22%, the company maintains a balanced portfolio across different powertrain technologies.

Market Position and Customer Relations

Vivek Chaand Sehgal, Chairman of Samvardhana Motherson, emphasized the company's strong market position:

• Customer Trust: The company's growing order book reflects continued customer confidence.
• Global Expansion: Recent acquisitions and partnerships, particularly in Japan, are strengthening the company's global footprint and technological capabilities.

Conclusion

Samvardhana Motherson's Q2 FY26 results demonstrate the company's ability to navigate challenging market conditions while pursuing strategic growth initiatives. With a strong order book, diversification into high-growth sectors, and ongoing operational improvements, the company appears well-positioned for sustained growth in the coming quarters.