Samvardhana Motherson International Limited has announced the dissolution of its indirect wholly owned subsidiary, SMRC Automotive Interior Modules Croatia d.o.o. (SMRC-Croatia). The dissolution was effective as of April 11, 2026, following an order from the Commercial Court of Zagreb.
SMRC-Croatia, which had no foreseeable new business and was incurring significant annual costs, applied for dissolution with the Commercial Court. The court issued its dissolution order on March 24, 2026.
The financial performance of SMRC-Croatia during the fiscal year 2024-25 was negligible in the context of Samvardhana Motherson’s consolidated figures. The subsidiary reported a turnover of €256,362 and a net worth of €6,448, both of which were deemed ‘negligible’ or ‘0.00%’ in relation to the parent company’s consolidated revenue and net worth.
This development is part of Samvardhana Motherson’s strategic decision-making, focusing on streamlining operations and reducing costs associated with non-performing subsidiaries.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).