Samvardhana Motherson International Limited has announced the incorporation of a wholly owned subsidiary, Motherson Digital Technologies Limited (MDTL), on April 30, 2026. The new entity is set to operate in the information technology sector, focusing on software development, technical support, and related professional services.
MDTL will engage in various channel services, including web hosting, web designing, web marketing, and internet training. Additionally, it will provide integrated services in electronics and telecommunication, such as integrated digital networks, VOIP networks, and internet-based solutions. The company will also deal in multimedia, internet, networking, and allied fields.
The incorporation of MDTL is not classified as a related party transaction, and the promoter group of Samvardhana Motherson International has no interest in the new entity. The acquisition does not require any governmental or regulatory approvals.
The initial authorised share capital of MDTL is divided into 1,00,000 equity shares, each with a face value of ₹10, amounting to a total of ₹1,000,000 (₹10 lakh). The entire share capital is held by Samvardhana Motherson International, along with six nominees.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).