Samvardhana Motherson International Limited (SAMIL) has provided an update regarding its plan to make Motherson Technology Services Limited (MTSL) a 100% owned subsidiary. Due to ongoing regulatory processes following the approval for capital reduction, the expected closing date has been revised. The transaction, which will finalize SAMIL’s full ownership of MTSL, is now anticipated to be completed by the Second Quarter of Financial Year 2026-27, a slight delay from the previous estimate of Q4 FY26.
Revision of Subsidiary Completion Timeline
This communication serves to update stakeholders on the timeline for the acquisition of full ownership in Motherson Technology Services Limited (MTSL). Previously, SAMIL announced the Scheme for Reduction of Share Capital in MTSL, subject to approval from the Hon’ble National Company Law Tribunal.
SAMIL currently holds a substantial stake of 92.96% in MTSL. Upon the completion of the selective reduction of Equity Share Capital by MTSL for certain shareholders, MTSL will transition into a 100% wholly owned subsidiary of SAMIL.
Impact of Regulatory Processes
The original internal estimate for the transaction’s closing was targeted for the Fourth Quarter of Financial Year 2026. However, due to the ongoing nature of the necessary regulatory procedures, the completion schedule has been adjusted.
The new projected timeline for the final closing of this transaction is now set for the Second Quarter of Financial Year 2026-27. This revised expectation is being communicated for the information and records of the exchanges.
Source: BSE
