Samvardhana Motherson International Limited has received approval from the Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, for its composite scheme of arrangement. This scheme involves the company and its wholly-owned subsidiaries, Samvardhana Motherson Innovative Solutions Limited, Samvardhana Motherson Auto System Private Limited, and Motherson Machinery and Automations Limited. The approval, dated October 26, 2026, sanctions the scheme previously agreed upon by the participating entities and their shareholders.
NCLT Sanctions Composite Scheme of Arrangement
Samvardhana Motherson International Limited, along with its wholly-owned subsidiaries Samvardhana Motherson Innovative Solutions Limited, Samvardhana Motherson Auto System Private Limited, and Motherson Machinery and Automations Limited, has successfully obtained approval for a composite scheme of arrangement. The Hon’ble National Company Law Tribunal (NCLT), Mumbai Bench, in its order dated October 26, 2026, has sanctioned this scheme.
Scheme Details and Objectives
The scheme, which was previously discussed in letters dated February 07, 2025, February 28, 2025, May 31, 2025, and September 18, 2025, aims to consolidate the corporate structure. The NCLT’s approval signifies the finalization of this arrangement under Sections 230 to 232 of the Companies Act, 2013. The details of the approved scheme, which was uploaded on the Hon’ble Tribunal’s website, are appended to this disclosure.
Official Filing and Record
This disclosure is made in compliance with Regulation 30 read with Schedule III (Part A) to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided the information for the information and records of the exchanges.
The approved scheme is effective from the ‘Appointed Date’, i.e., April 01, 2024. Upon the scheme becoming effective, Samvardhana Motherson Auto System Private Limited and Motherson Machinery and Automations Limited will stand dissolved without being wound up, as per the terms of the scheme.
The NCLT’s order also clarifies that it does not grant any exemption from payment of stamp duty, taxes, including Income Tax and GST, or any other charges payable under applicable law. The Income Tax Department retains the liberty to examine any tax payable as a result of this scheme.
Source: BSE
