Samvardhana Motherson International Limited — Others, 14-02-2025: Statement of deviation(s) or variation(s) under Reg. 32

Samvardhana Motherson International Limited has announced a board meeting to review the utilization of proceeds from its recent Qualified Institutions Placement (QIP). The company confirmed there has been no deviation in the use of the INR 64,376 million raised. The funds have been allocated for the repayment of borrowings and general corporate purposes, totaling INR 63,746 million with full compliance in their planning. This stability in fund usage reflects sound financial management, potentially enhancing investor confidence amid strategic growth initiatives. Overall, this could foster a neutral impact on investor sentiment as the company maintains transparency and adherence to planned objectives.