Motherson Sumi Wiring India Limited — Important, 02-12-2024: General Updates

An oral family settlement has been reached regarding the transmission of 2,10,119 equity shares held by the late Smt. Renu Alka Sehgal, a member of the promoter group of Motherson Sumi Wiring India Limited. The shares are set to be transferred to her children: Mr. Laksh Vaaman Sehgal (1,05,060 shares) and Ms. Vidhi Sehgal Chopra (1,05,059 shares). This transmission does not involve the company directly and will not affect the control or management of the firm, nor will it change the overall promoter shareholding. The completion of this process will classify Ms. Vidhi Sehgal Chopra as part of the promoter group. This development is relatively neutral in terms of the company's overall governance structure, indicating stability within the organization. Shareholders are advised to watch closely as this internal family reorganization unfolds without any overarching impact on company strategy or performance.