Samvardhana Motherson Acquires 51% Stake in Nissin India

• Board approved acquisition of 51% equity stake in Nissin Advanced Coating Indo Co. for INR 9.23 Crores.
• Post-acquisition, Nissin India becomes a 100% indirect wholly-owned subsidiary via SAMIL and its subsidiary SMISL.
• Target company reported FY26 turnover of INR 30.4 Crores and EBITDA of INR 10.3 Crores.
• Transaction is expected to be completed by end of Q1 FY27, subject to conditions precedent.