Samvardhana Motherson International Limited (SAMIL) filed a regulatory disclosure under SEBI Listing Regulations (Regulation 30) regarding changes in the shareholding structure of its solar energy subsidiary, Onega Solar Private Limited (OSPL-SPV).

Background and Acquisition History

The disclosure references previous filings dated November 13, 2025 and December 24, 2025 regarding the acquisition of OSPL-SPV through SAMIL's wholly owned subsidiary, Motherson New Energy Limited (MNEL). MNEL had acquired 100% ownership of OSPL-SPV on December 24, 2025 through equity shares and compulsorily convertible debentures.

Project Details

OSPL-SPV is a special purpose vehicle established for developing a 15 MWp Group Captive Solar Project in Uttar Pradesh. The project aligns with the company's sustainability objectives and aims to achieve long-term cost efficiencies while reducing the carbon footprint of domestic operations.

Equity Allotment Details

On June 26, 2026, OSPL-SPV allotted 69,79,648 equity shares with a face value of ₹10 each, aggregating to ₹6,97,96,480 (Six Crore Ninety-Seven Lakh Ninety-Six Thousand Four Hundred Eighty) through private placement. The allotment was made to SAMIL and other participating entities including subsidiaries, joint ventures, associates, and promoter group entities of the company.

Ownership Structure Change

Post-allotment, OSPL-SPV ceased to be a wholly owned subsidiary of MNEL and became a subsidiary of MNEL. The company now holds 11.72% of OSPL-SPV's equity share capital directly and 86.77% indirectly through its subsidiaries on a fully diluted basis. OSPL-SPV continues to remain an indirect subsidiary of SAMIL.

Regulatory Compliance and Control

The shareholding dilution was undertaken solely to comply with shareholding requirements prescribed under the Group Captive framework in accordance with applicable electricity laws and regulations. The disclosure explicitly states that this change does not result in any change in the management or control of OSPL-SPV, which shall continue to remain under the control of SAMIL.

Disclosure Basis

The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.