Date: July 23, 2026
Corporate Guarantee Disclosure
Samvardhana Motherson International Limited has issued a corporate guarantee in favor of HDFC Bank Limited for credit facilities availed by its indirect wholly-owned subsidiary, Motherson Electro Components Limited (MECL).
Guarantee Details
- Guarantor: Samvardhana Motherson International Limited
- Beneficiary: HDFC Bank Limited
- Date of Guarantee: July 23, 2026
- Facility Amount: ₹2,400,000,000 (Indian Rupees Two Billion Four Hundred Million only)
- Purpose: To secure credit facility for Motherson Electro Components Limited
Subsidiary Business Profile
Motherson Electro Components Limited is engaged in the business of manufacturing, assembling, marketing, importing, exporting and sourcing of:
- Printed Circuit Boards Assembly
- Body Control Module
- Zonal ECU
- Light Emitting Diode Modules
- Other related assembly/sub-assembly including other mounted printed circuit boards
- For both automotive and non-automotive industry
Guarantee Terms and Conditions
- The corporate guarantee secures credit facility aggregating up to ₹2,400,000,000
- The company's potential liability under the guarantee is capped at the facility amount (₹2,400,000,000) plus interest thereon
- The transaction is at arm's length with no promoter/promoter group/group company interest
Impact Assessment
The company has stated that there is no material impact of this corporate guarantee on the financial position, operations, or other activities of Samvardhana Motherson International Limited.