Key Event Details

  • The Ministry of Finance of Ontario, Canada consented to the dissolution of Yachiyo Canada from its Register of Companies on October 14, 2026.
  • The dissolution was effective from October 14, 2026.
  • Yachiyo Canada was an indirect subsidiary of Samvardhana Motherson International Limited.
  • The subsidiary was acquired by the company on March 26, 2024, as part of the acquisition of Motherson Yachiyo Automotive Systems Co., Ltd.

Financial Impact Assessment

  • Yachiyo Canada was not carrying out any business or operations at the time of dissolution.
  • For the financial year 2025-26, Yachiyo Canada reported:
  • Income: INR 1.5 million
  • Net worth: INR 1.2 million
  • The income contributed 'negligible'/0% to the company's consolidated revenue for FY 2025-26.
  • The net worth contributed 'negligible'/0% to the company's consolidated net worth as at the end of FY 2025-26.
  • The dissolution has no impact on the consolidated net-worth of the company.

Procedural Details

  • The sole shareholder of Yachiyo Canada approved its dissolution.
  • Articles of Dissolution were filed with the Ontario Business Registry.
  • The Ministry of Finance of Ontario provided consent for the dissolution.

Additional Information

  • No consideration was received from the dissolution (not a sale/disposal).
  • The transaction does not qualify as related party transactions.
  • The dissolution does not involve any scheme of arrangement.