Board Approval and Timing
The Board of Directors of Samvardhana Motherson International Limited approved the acquisition at its meeting held on November 05, 2026. The meeting commenced at 1200 Hours (IST) and concluded at 1450 Hours (IST).
Acquisition Details
Target Entity: Golden Bridge Sociedad Anónima, a special purpose vehicle incorporated as a stock corporation under the laws of the Republic of Paraguay, South America.
Target Status:
- Incorporated on March 17, 2026 (registered at public registry in Paraguay on April 07, 2026)
- Special purpose vehicle with no business operations or transactions undertaken
- Zero turnover for all periods
- Proposed to be renamed as Motherson PKC Wirings Systems Paraguay S/A or another approved name
Business Purpose: The Target will set up and operate a new manufacturing facility at Guarambaré (Grand Asunción area), Paraguay, for automotive wiring harness systems, aligning with PKC Group's business within the Company's Wiring Harness Business Division.
Acquisition Structure:
- 100% stake acquisition
- Motherson Global Investments B.V. (99%) and PKC Wiring Systems OY (1%) will hold the equity share capital
- Both are indirect wholly-owned subsidiaries of the Company
Financial Terms:
- Purchase price: USD 1 (US Dollar One)
- Associated legal fees: approximately USD 8,000 (US Dollar Eight Thousand)
- Additional capitalization: PYG 68,430 million (approximately EUR 10 million) in tranches as per liquidity requirements
Timeline: Acquisition expected to be completed within Q3 of FY 2026-27.
Regulatory Approvals: No governmental or regulatory approval required other than customary registrations in Paraguay.
Related Party Transaction: Confirmed not a related party transaction. Promoter/promoter group/group companies have no interest in the entity being acquired.
Strategic Rationale:
- To set up a new manufacturing facility in Paraguay to support regional growth
- To provide a fast-track option to customers by acquiring an existing entity instead of incorporating a new legal entity