Samvardhana Motherson International Limited has submitted with the Stock Exchange regarding voluntary dissolution of indirect wholly owned subsidiary.
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Samvardhana Motherson International Limited has disclosed the voluntary dissolution of its indirect wholly owned subsidiary, SMRC Automotive Interior Modules Croatia d.o.o. (SMRC-Croatia). The subsidiary was dissolved by the Commercial Court of Zagreb effective April 11, 2026, following an application by SMRC-Croatia. The reason for dissolution was that the subsidiary had no foreseeable new business and was incurring significant annual costs. The subsidiary's turnover for FY 2024-25 was Euro 256,362 and its net worth was €6,448, which the company has stated is negligible at 0.00% of consolidated revenue and net worth.
This dissolution has no material impact on the company or its shareholders, as SMRC-Croatia contributed a negligible 0.00% to the consolidated financials. The voluntary wind-up is a routine housekeeping exercise to eliminate a loss-making entity with no business prospects.