Samvardhana Motherson International (MOTHERSON) — Corporate Action

Samvardhana Motherson International disclosed a GST penalty of INR 12.43 lakhs from the Assistant Commissioner of Chengalpattu, Tamil Nadu, split as INR 3.70 lakhs for the company and INR 8.73 lakhs for Motherson Sumi Wiring. The penalty relates to pre-demerger GST liabilities and was received on February 26, 2025. The company plans to appeal, stating it has a strong case on merits, and notes no material impact on financials or operations.

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About Samvardhana Motherson International Limited (MOTHERSON)

Automobile and Auto Components · Auto Components · Listed on NSE

Market Cap: ₹1,37,123.32 Cr P/E: 30.6

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