Samvardhana Motherson International Limited — Important, 15-04-2025: General Updates

Motherson Auto Solutions Limited (MASL), a wholly owned subsidiary of Samvardhana Motherson International Limited, has received a penalty order from the Assistant Commissioner (ST), Chengalpattu, totaling INR 12.5 Cr related to input tax credit eligibility for FY 2020-21. This action was initiated under section 73(9) of the TNGST Act, 2017. MASL stated that this matter has no material impact on its financials, operations, or activities, and plans to file an appeal against the order. Investors should monitor this situation closely, although the immediate implications appear limited.