Samvardhana Motherson International Limited has incorporated a new joint venture company, MHSCL JVC Holding Limited (MHSCL), in Dubai on August 19, 2026. This incorporation follows the execution of a Joint Venture Agreement with Hellmann Worldwide Logistics (MESA) Holding Limited, as previously disclosed on March 19, 2026.
The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Details of the Subsidiary
- Entity Name: MHSCL JVC Holding Limited (MHSCL)
- Date of Incorporation: August 19, 2026
- Place of Incorporation: Dubai
- Industry: Logistics Solutions Services
Ownership Structure
Samvardhana Motherson International Limited holds 51% of the share capital, while Hellmann Worldwide Logistics (MESA) Holding Limited holds the remaining 49%.
Business Objectives
MHSCL is established to:
- Offer world-class supply chain solutions to the automotive industry and support customers with essential logistics requirements
- Enhance resilience, efficiency, and stability in supply chains by providing integrated third-party logistics and fourth-party logistics services globally (excluding Japan)
Financial Details
- Initial Subscribed Share Capital: 1,000 shares
- Face Value per Share: USD 1,000
- Total Initial Capital: USD 1,000,000
- Share Allocation:
- Samvardhana Motherson International Limited: 510 shares (51%)
- Hellmann Worldwide Logistics (MESA) Holding Limited: 490 shares (49%)
Regulatory Approvals
No governmental or regulatory approvals were required for the incorporation.
Consideration Details
No cash consideration or share swap was involved in this incorporation.
The above information is submitted for the exchange's records and information.
Signed:
Alok Goel, Company Secretary