Samvardhana Motherson International Limited — Others, 06-02-2025: Action(s) taken or orders passed

SMR Automotive Mirror Technology Hungary Bt., a wholly owned subsidiary of Samvardhana Motherson International Limited, has received a tax demand amounting to EUR 49,862, plus an additional penalty of EUR 21,663.84 from Italian tax authorities for a VAT issue dating back to 2020. Despite this, the company anticipates no material impact on its overall financial health, as operations remain steady. The subsidiary is preparing to submit the necessary documentation to counter the demand. This situation may invoke a neutral impact on investor sentiment, with a focus on timely compliance and resolution.