Samvardhana Motherson International Limited has announced the dissolution of its indirect wholly owned subsidiary, Samvardhana Motherson Reflectec Group Holdings Limited (SMR-Jersey). The dissolution, effective from 10 April 2026, was confirmed following an application submitted by SMR-Jersey to the Commercial Register.
The decision to dissolve SMR-Jersey is part of a strategic move to simplify the group holding structure. Despite the dissolution, the company has assured stakeholders that there will be no impact on the consolidated net-worth of Samvardhana Motherson International Limited. This is because the net-worth of SMR-Jersey was distributed to Motherson Global Investments B.V. (MGI BV) prior to the dissolution, and MGI BV is also consolidated within the parent company.
For the financial year 2024-25, SMR-Jersey reported an income of €7,273,000 and a net-worth of €161,846,000. However, the income contributed negligibly, or 0.00%, to the consolidated revenue of the parent company, while it accounted for 4.62% of the consolidated net-worth.
The dissolution of SMR-Jersey has been executed without any agreement for sale, disposal, or related party transactions, and it does not fall under any scheme of arrangement. The company has also confirmed that there is no consideration received from any sale or disposal, and no buyer details are applicable as the dissolution does not involve any external parties.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).