Samvardhana Motherson International Limited (SAMIL) has announced a revision in the timeline for its proposed acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL). Initially expected to close by the fourth quarter of the fiscal year 2026, the transaction is now anticipated to be completed in the first quarter of the fiscal year 2027.
The acquisition is part of SAMIL’s strategy to comply with regulatory requirements for captive power generation and consumption under the Electricity Laws. HRDPL, a special purpose vehicle, was set up by Hinduja Renewables Energy Private Limited. The adjustment in the timeline is attributed to the ongoing completion of condition precedents necessary for the transaction.
SAMIL had previously disclosed the execution of Power Delivery Agreements with HRDPL on June 19, 2025, September 26, 2025, and December 25, 2025. These agreements were part of the company’s broader efforts to enhance its energy management and sustainability initiatives.
The update was submitted in accordance with Regulation 30(7) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).