Samvardhana Motherson International Limited — Important, 21-02-2025: General Updates

An order for CAD 28,740 (approximately INR 17.5 crore) has been received by PKC Group Canada Inc., a wholly owned subsidiary of Samvardhana Motherson International Limited, from the Tax Administration Service, Canada. This order stems from a violation related to the late closing of virtual pedimentos, which are essential for clearing goods through Mexican customs. Despite the order, the company asserts that there is no material impact on financials, operations, or other activities. The delay in disclosure was due to an ongoing review of the order by the parties involved. Investors should monitor this situation closely, though the company appears to maintain a stable operational outlook.