Samvardhana Motherson International Limited has submitted with the Stock Exchange regarding disclosure under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015
MOTHERSON · price
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Samvardhana Motherson International Limited informed stock exchanges that its indirect wholly owned subsidiary, SMR Hyosang Automotive Ltd. (South Korea), entered into a Mediation Agreement with a sub-contractor on April 6, 2026, through the Subcontracting Dispute Mediation Committee (SDMC) of the Korea Fair Trade Mediation Agency. The parties have settled all dues and claims arising from sub-contracting transactions. As per the agreement, SMR Hyosang will pay KRW 360 million (approximately INR 2.22 crore, excluding VAT) to the sub-contractor by April 27, 2026. The company has stated that there is no material impact on the financial position, operations, or other activities of SMR Hyosang or the parent company. No violation or contravention has been alleged against the company.
The settlement amount (~INR 2.22 crore) is small relative to Motherson's overall scale, and the company has confirmed no material financial or operational impact. Shareholders are unlikely to see any meaningful effect on the stock from this disclosure.