Samvardhana Motherson International Limited has successfully completed the merger of its indirect wholly owned subsidiaries, Samvardhana Motherson Innovative Autosystems B.V. & Co. KG (SMIA) and SMIA Technology Germany GmbH (SMIA Technology). The merger was officially registered on April 2, 2026, with SMIA ceasing to exist as of March 31, 2026.
The financial year ending March 31, 2025, saw SMIA report a turnover of €157,664,444, while SMIA Technology reported no turnover. Following the merger, the assets and revenue of SMIA will be integrated into SMIA Technology, streamlining operations and enhancing efficiency.
SMIA Technology is engaged in the manufacturing and sale of automotive accessories, including plastic and injection-moulded parts, and provides management services for affiliated companies. SMIA was involved in the production and sale of injection moulded plastic parts, focusing on research and development and related machinery.
The merger aims to simplify the corporate structure and improve operational efficiency. No related party transactions or cash considerations were involved in the merger, and there are no changes in the shareholding pattern of the listed entity.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).