Samvardhana Motherson International Limited (MOTHERSON) — Announcement

📢 Key Event
Motherson acquired 100% of Onega Solar Private Limited via share allotment

🔄 What Changed
OSPL-SPV transitioned from wholly owned to subsidiary with diluted equity stakes

💡 Investor Takeaway
This restructuring secures regulatory compliance for the solar project while preserving the Company's control and long-term sustainability goals.

Samvardhana Motherson International Limited disclosed on June 26, 2026, that its subsidiary Motherson New Energy Limited acquired 100% of Onega Solar Private Limited (OSPL-SPV), a special purpose vehicle holding a 15 MWp captive solar project in Uttar Pradesh. Post allotment of 6,979,648 equity shares of Rs. 10 each (Rs. 6.98 crores) to Motherson and group entities, OSPL-SPV became a subsidiary with the Company holding 11.72% directly and 86.77% indirectly on a fully diluted basis. This restructuring complies with Group Captive solar regulations and maintains management control without altering operational oversight.

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