Samvardhana Motherson International Limited — Important, 24-04-2025: Agreements

SMRP B.V has successfully acquired the assets of Dr. Schneider, previously under insolvency administration, as part of a strategy to enhance long-term competitiveness. The acquisition included commitments to develop a business roadmap with key customers to ensure stability. A significant move involves the planned wind-down of operations at the Judenbach plant, which, while contributing annualized revenue of INR 2,668 million (0.27% of consolidated revenue), will not materially affect SMRP B.V or its parent company, Samvardhana Motherson International Limited, as these developments were anticipated during the acquisition process. Operations will be transferred to other group facilities, maintaining customer supply and optimizing resources. The negotiations regarding the works council are expected to commence in May 2025, with an estimated closure timeframe set for Q2FY27. This strategic realignment indicates a positive outlook, reinforcing the company's adaptability in managing acquired operations. Investors should watch closely for updates on execution and customer partnerships.