Samvardhana Motherson International Limited (SAMIL) has announced a delay in the completion of its acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL). Initially expected to close by the fourth quarter of FY26, the transaction is now projected to be finalised in the first quarter of FY27.
The acquisition is part of SAMIL’s strategy to comply with regulatory requirements for captive power generation and consumption under Indian Electricity Laws. HRDPL, a special purpose vehicle, was established by Hinduja Renewables Energy Private Limited. The delay is attributed to the ongoing completion of condition precedents necessary for the transaction.
This update follows previous disclosures made by SAMIL on June 19, 2025, September 26, 2025, and December 25, 2025, regarding the execution of Power Delivery Agreements with HRDPL.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).