Motherson Sumi Group Reorganization plan

Approves group reorganization plan

Part 1

Demerger of domestic wiring harness biz from motherson sumi into separate co The demerged entity will eventually be listed Demerged entity will be largest listed automotive wiring harness player in india For every 1 share held in motherson sumi , 1 share of new demerged entity would be allotted.

Part 2

The merger of promoter holding co samvardhan motherson into motherson sumi systems ltd merger will be EPS accretive in first year of merger , i.e fy22 merger of SAMIL ( samvardhan motherson) into MSSL will create strong listed entity having diversified product portfolio reinfornce MSSL position as a leading globally diversified component supplier

Benefits of Reorganization

Simplify group structure All auto related businesses will now be under listed entities Create a separate entity for domestic wiring harness biz Motherson sumi shareholders to benefit through 100% stake in SMRP BV To bring all auto component and allied businesses under motherson sumi systems ltd Offers greater operational and financial flexibility to pursue organic and inorganic acquisitions Full benefits of group synergies by bringing support functions like logistic, travel inhouse

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