Samvardhana Motherson International Limited (SAMIL) has announced the incorporation of a new, wholly owned subsidiary, Motherson Energy Systems Naarangwadi Limited (MESNL), effective February 24, 2026. MESNL is established to primarily engage in the design, development, and operation of power and energy infrastructure projects, focusing on renewable sources for the captive use of the Motherson Group entities. The initial shareholding is held entirely by Motherson New Energy Limited (MNEL).
Formation of Wholly Owned Subsidiary
Samvardhana Motherson International Limited (SAMIL) has successfully incorporated a new, wholly owned subsidiary named Motherson Energy Systems Naarangwadi Limited (“MESNL”). The incorporation date for MESNL was officially recorded as February 24, 2026.
MESNL is a subsidiary of Motherson New Energy Limited (“MNEL”), which itself is a wholly owned subsidiary of SAMIL. The entire share capital of the newly formed entity is held by MNEL, along with its 6 nominees.
Strategic Purpose and Business Focus
The primary business objective of MESNL is focused on the Energy sector. Specifically, the subsidiary will be engaged in the business of designing, developing, owning, and operating power, energy, and infrastructure projects.
A key differentiator is the focus on projects primarily based on renewable sources. These facilities are intended for the captive use by various entities within the Motherson Group.
Capital Structure and Incorporation Details
The formation involved a new incorporation process, with no cash consideration or share swap mentioned for the acquisition of shares, as the entity was created de novo.
The initial authorized share capital of the Company will be divided into 50,000 equity shares, each having a Face Value of Rs. 10/- per share. Since MESNL is a newly incorporated entity, details regarding turnover or prior history are Not Applicable.
Source: BSE
