Maruti Suzuki India Limited — Board Meeting, 29-01-2025: Outcome of Board Meeting

Maruti Suzuki India Limited has approved the amalgamation of its wholly owned subsidiary, Suzuki Motor Gujarat Private Limited (SMG), into itself. This decision, following a recommendation from the audit committee, aims to consolidate operations for improved efficiency and synergy, reducing administrative costs and enhancing decision-making agility. As of March 31, 2024, MSIL's net assets stood at ₹83,982 Cr, with revenues from operations of ₹1,40,933 Cr, while SMG had net assets of ₹12,886 Cr and revenues of ₹39,406 Cr. No new shares will be issued as part of this process.