Samvardhana Motherson International Limited has submitted with the Stock Exchange a disclosure on voluntary dissolution of foreign indirect subsidiary.
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Samvardhana Motherson International Limited has disclosed the voluntary dissolution of GIE Groupe AD, a foreign indirect wholly-owned subsidiary based in France. The dissolution was approved by the Commercial Register in France on April 14, 2026, effective retrospectively from November 1, 2017. GIE was acquired by the company on May 13, 2024, as part of the ADI Group acquisition. The subsidiary had no active business or operations. In FY 2024-25, GIE reported other income of Euro 122,917 with a net worth of Nil, contributing a negligible 0.00% to the consolidated revenue and net worth of the company.
This is a routine housekeeping event with no material impact on the company's financials. The subsidiary was dormant and had zero contribution to group revenue, so shareholders are unaffected.