Samvardhana Motherson International Limited has submitted with exchange an intimation of record date for payment of interest on CCDs.
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Samvardhana Motherson International has set September 14, 2025 as the record date for the first annual interest payment on its 6.50% Compulsorily Convertible Debentures (CCDs). The company had allotted 150,000 CCDs of face value ₹1,00,000 each (totalling ₹150 crore) to qualified institutional buyers on September 20, 2024. Interest of ₹97.5 crore (6.5% on ₹150 crore) is due on September 30, 2025, covering a period of one year and ten days. The CCDs are unsecured, unrated, and carry an optional non-cumulative coupon with deferability, maturing on September 20, 2027. A 2% per annum additional interest applies in case of any delay in payment.
This is a routine administrative filing confirming an upcoming interest obligation. It does not indicate any change in the company's financial health, and the CCDs are unrated so no rating signal is triggered. Existing shareholders should note the September 14, 2025 record date applies only to CCD holders, not equity shareholders.