Samvardhana Motherson International Limited has announced the dissolution of its indirect wholly owned subsidiary, GIE Groupe AD, as per the Commercial Register in France. The decision was made after GIE, acquired as part of the ADI Group on 13 May 2024, was found to be non-operational. The dissolution was approved on 14 April 2026, effective retroactively from 1 November 2017.
The financial impact of GIE’s dissolution on Samvardhana Motherson is negligible. During the financial year 2024-25, GIE recorded other income of €122,917, but its net worth was reported as nil. This income and net worth contributed 0.00% to the consolidated revenue and net worth of Samvardhana Motherson for the same period.
The company clarified that GIE’s dissolution does not involve any sale or disposal agreement, and thus, no consideration was received. Additionally, there are no related party transactions involved in this process, nor does it fall under any Scheme of Arrangement.
Samvardhana Motherson’s decision to dissolve GIE is aligned with its strategy to streamline operations and focus on active business units. The company continues to maintain its focus on enhancing operational efficiency and optimising its business portfolio.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).