Samvardhana Motherson International Limited has informed the Exchange regarding Notice of Postal Ballot
MOTHERSON · price
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Samvardhana Motherson International Limited has dispatched a Postal Ballot Notice seeking shareholder approval to issue bonus shares in the ratio of 1:2, i.e., 1 bonus equity share of ₹1 face value for every 2 existing fully paid-up equity shares held. The bonus will be issued by capitalizing up to ₹351.81 crore from the Securities Premium Account, which had a balance of ₹31,310 crores as on March 31, 2025. Post-bonus, the paid-up equity share capital will rise to about ₹1,055.44 crore. The bonus marks the 50th anniversary of the Motherson Group, which was founded in 1975, and follows strong FY25 financial performance. Shareholders can vote electronically between June 6, 2025 and July 5, 2025, with results to be declared on or before July 7, 2025.
If approved, eligible shareholders will receive 1 additional share for every 2 shares held, increasing total share count by 50% and improving liquidity. The stock price will adjust downward on the ex-bonus date, though underlying value remains unchanged. No cash outflow for the company since the bonus is funded from reserves.