Samvardhana Motherson International Limited discloses the dissolution of its indirect wholly owned subsidiary SMR-Jersey under SEBI regulations.
SMR-Jersey had income of €7.273 million and net worth of €161.846 million in FY2024-25, contributing 0.00% to revenue and 4.62% to net worth.
The dissolution was effective April 10, 2026, for simplification of group holding structure, with no impact on consolidated net worth.
The net worth was distributed to another subsidiary, MGI BV, which is also consolidated, ensuring no material change.