Samvardhana Motherson International Limited intimates CCD holders about conversion details
Samvardhana Motherson International Limited has notified holders of its 6.50% Compulsorily Convertible Debentures (CCDs) about the conversion process. Holders can convert CCDs into equity shares starting September 30, 2026. Conversion windows are available from October 1-7, 2026, and subsequently after each quarter until the maturity date of September 20, 2027.
This is a standard procedural communication for debenture holders and does not involve new fundraising or significant changes to the company's capital structure that would materially impact its operations or valuation.
The announcement is a procedural update regarding the conversion of Compulsorily Convertible Debentures and does not contain information that inherently boosts or detracts from the company's value.
Samvardhana Motherson International Limited has issued a notice to holders of its 6.50% Compulsorily Convertible Debentures (CCDs) regarding the procedure for conversion into equity shares. The notice, dated September 21, 2026, informs debenture holders that they are entitled to convert their CCDs into equity shares of face value ₹1 each on or after September 30, 2026, which is designated as the Entitlement Date.
The conversion can be applied for within the first seven calendar days after the Entitlement Date, specifically from October 1, 2026, to October 7, 2026. Alternatively, conversions can be made after the end of every subsequent calendar quarter until the maturity date of September 20, 2027. All CCDs will be automatically and compulsorily converted on the Maturity Date if not converted earlier.
The conversion price will be determined based on a formula outlined in the Placement Document dated September 20, 2024, which is the higher of a price at a 13.83% discount to the volume-weighted average price (VWAP) or a floor price of ₹188.85 per equity share, subject to a potential further discount of up to 5%. The Equity Issue Price was ₹190 per equity share. Following a bonus issue in a 1:2 ratio (record date July 18, 2025), the minimum conversion price has been adjusted to ₹126.67 per equity share.
Debenture holders intending to convert must submit a duly completed Conversion Notice along with necessary supporting documents. The company will allot equity shares in dematerialised form and facilitate their listing and trading on the stock exchanges. Fractional amounts and accrued interest will be paid in cash within seven working days from the conversion date.
What to do with a filing like this
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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See the model portfoliosA plain-language summary of a public exchange filing by Samvardhana Motherson International Limited. Read the original for the full detail.