This is further to our letter dated August 16, 2022, thereby informing regarding recommendation of the Board of Directors for issue of bonus shares in the ratio of 1 (one) bonus equity share against 2 (two) existing equity shares and letter dated September 23, 2022, thereby informing regarding approval of the shareholders for issue of aforesaid bonus shares by way of an Ordinary Resolution via Postal Ballot.
The Board of Directors of the Company on October 6, 2022 has approved and allotted 225,88,07,122 (Two Hundred Twenty Five Crores Eighty Eight Lakhs Seven Thousand One Hundred and Twenty Two) Equity Shares of face value of INR 1/- (Rupee One) each aggregating to INR 225,88,07,122/- (Rupees Two Hundred Twenty Five Crores Eighty Eight Lakhs Seven Thousand One Hundred Twenty Two Only) as fully paid-up bonus shares. The bonus shares allotted by the Company shall rank pari passu with existing equity shares of the Company.
The above is submitted pursuant to Regulation 30 read with Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Thanking You,
Yours truly,
For Samvardhana Motherson International Limited (formerly Motherson Sumi Systems Limited)
ALOK GOEL
Digitally signed by ALOK GOEL Date:
2022.10.06 19:57:21 +05'30'
Alok Goel
Company Secretary
Regd Office:
Unit - 705, C Wing, ONE BKC, G Block
Bandra Kurla Complex, Bandra East
Mumbai - 400051, Maharashtra (India)
Tel: 022-61354800, Fax: 022-61354801
CIN No.: L34300MH1986PLC284510
E-mail:investorrelations@motherson.com
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Samvardhana Motherson International Ltd. published this content on 06 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2022 14:51:04 UTC.
Samvardhana Motherson International Limited is a globally diversified manufacturer. It is a full system solutions provider to customers in automotive and other industries. It has a diversified product portfolio, which includes electrical distribution systems, fully assembled vehicle interior and exterior modules, automotive rear vision systems, molded plastic parts and assemblies, injection molding tools, molded and extruded rubber components, electronics, Industrial IT solutions and services and technologies, such as telematics and others. Its segments include Wiring harness, Modules and polymer products, Vision systems, Integrated assemblies and Emerging businesses. Wiring harness segment is engaged in in the business of manufacturing and trading of wiring harness, its components and rendering of support service function exclusively to wiring harness operations. Integrated assemblies segment is engaged in integrated module assembly and logistics tailored for the automotive sector.