Motherson's subsidiary SMISL to sell 26% stake in AES India for ₹68.64 Lakhs
Samvardhana Motherson's subsidiary, SMISL, will sell its 26% stake in AES India to T-Net Japan for ₹68.64 Lakhs. The transaction is non-material, with AES India contributing negligibly to Motherson's consolidated revenue and net worth. The sale is expected to close by Q3 FY27.
The stake being sold represents a negligible portion of the company's overall revenue and net worth, indicating a minimal financial impact on Samvardhana Motherson International Limited.
The transaction involves the sale of a non-material stake in a joint venture. While it represents a strategic shift, the financial impact on the parent company is negligible, leading to a neutral sentiment.
Samvardhana Motherson International Limited (SAMIL) announced that its wholly owned subsidiary, Samvardhana Motherson Innovative Solutions Limited (SMISL), has agreed to sell its entire 26% shareholding in AES (India) Engineering Limited (AES India). AES India is a joint venture with T-Net Japan Co., Ltd. (T-Net), established in 2005 for automotive-related engineering and digital engineering activities.
SMISL holds 26% equity in AES India, with SAMIL holding 100% of SMISL. The decision for both joint venture partners to pursue independent business strategies led to this proposed transaction. The purchase consideration for SMISL's shares is ₹68,64,000. The buyer is T-Net Japan Co., Ltd., an existing shareholder, who does not belong to the promoter group.
For the financial year ended March 31, 2026, AES India reported a revenue of ₹178.6 million (₹17.86 crore) and a net worth of ₹4.7 million (₹0.47 crore). These figures represent a negligible percentage of SAMIL's consolidated revenue of ₹12,61,036.7 million (₹1,26,103.67 crore) and net worth of ₹3,47,228.8 million (₹34,722.88 crore), respectively. Consequently, the transaction is considered non-material for SAMIL.
The agreement is expected to be executed in due course, and the transaction is anticipated to close within the third quarter of FY 2026-27, subject to the satisfaction of condition precedents. This sale of shares is outside any scheme of arrangement.
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Samvardhana Motherson International Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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