The Board of Directors of Samvardhana Motherson International in its meeting held on 27 November 2023 inter-alia, approved to make investment of Rs. 12.50 crore in Indian Foundation for Quality Management (IFQM).Powered by Capital Market - Live News

Samvardhana Motherson International has received the approval of the Hon`ble National Company Law Tribunal, Mumbai Bench on 21 November 2023 for the Scheme of Amalgamation of Motherson Consultancies Service and Motherson Invenzen Xlab and Samvardhana Motherson Polymers and MS Global India Automotive (collectively referred to as Transferor Companies) with Samvardhana Motherson International (formerly Motherson Sumi Systems) (Company/ Transferee Company) and their respective shareholders and creditors. The certified copy of the sanction order was received by the Company today, 23 November 2023. Powered by Capital Market - Live News

Net profit of Samvardhana Motherson International declined 18.21% to Rs 201.55 crore in the quarter ended September 2023 as against Rs 246.43 crore during the previous quarter ended September 2022. Sales rose 28.52% to Rs 23294.33 crore in the quarter ended September 2023 as against Rs 18125.73 crore during the previous quarter ended September 2022. ParticularsQuarter Ended�Sep. 2023Sep. 2022% Var. Sales23294.3318125.73 29 OPM %8.117.93 - PBDT1640.111306.68 26 PBT772.72557.96 38 NP201.55246.43 -18 Powered by Capital Market - Live News

Samvardhana Motherson Intl. will hold a meeting of the Board of Directors of the Company on 9 November 2023.Powered by Capital Market - Live News

Samvardhana Motherson International announced the incorporation of Motherson Group Investments USA Inc., Delaware (USA) as an indirect wholly owned subsidiary of the company. Powered by Capital Market - Live News