Motherson US Subsidiary Receives IRS Penalty of $43,200

Subsidiary Information

SMP Automotive Systems Alabama Inc. (SMP Alabama) is an indirect wholly owned subsidiary of Samvardhana Motherson International Limited.

Authority and Order Details

• Issuing Authority: Internal Revenue Service (IRS) - USA
• Order Type: Penalty imposition
• Penalty Amount: USD 43,200 (US Dollar Forty Three Thousand Two Hundred only)
• Indian Equivalent: INR 4.17 million
• Order Date: July 13, 2026
• Receipt Date: July 20, 2026

Violation Details

The penalty was imposed due to delay in filing of Form 8955-SSA (annual registration of separated participants with deferred vested benefits) for the year ended December 31, 2024.

Financial and Operational Impact

The company explicitly states: "There is no material impact on the financials or on operations or other activities of the company."

Disclosure Timing Explanation

The disclosure delay was attributed to: "The said order was under review by parties and due to difference in time zone."