Mumbai, February 4, 2026 – Samvardhana Motherson International Limited (NSE: MOTHERSON, BSE: 517334) on Tuesday disclosed that its indirect wholly owned subsidiary in France, SMRC Automotive Modules France SAS, has been levied a monetary penalty following a routine audit related to social contribution calculations.
The penalty has been imposed on SMRC France after an audit covering the periods 2022, 2023, and 2024, relating to adjustments in social security contribution computations.
Penalty Details and Financial Exposure
According to the disclosure, the French subsidiary has been directed to pay a penalty of €74,592, which translates to approximately ₹79.41 lakh. The order was dated January 28, 2026, and was received by the subsidiary on February 3, 2026.Key Financial Details
| Particulars | Details |
|---|---|
| Subsidiary | SMRC Automotive Modules France SAS |
| Audit Period | 2022 to 2024 |
| Penalty Amount | €74,592 |
| Approx. INR Value | ₹79.41 lakh |
| Date of Order | January 28, 2026 |
| Date of Receipt | February 3, 2026 |
Appeal Status and Potential Reduction
SMRC France has already filed an initial appeal, which resulted in the reassessed penalty being reduced to the current level of €74,592. The subsidiary is evaluating the option to contest one additional aspect of the assessment within the permitted timeframe. If successful, the penalty could be further reduced to €70,924.80.Impact Assessment
The company stated that the penalty does not have any material impact on the financial position, operations, or business activities of either the French subsidiary or the parent company. Given the scale of Motherson’s global operations, the monetary exposure remains immaterial.About the Company
Samvardhana Motherson International Limited is a globally diversified automotive components manufacturer with operations across multiple geographies, supplying wiring harnesses, modules, mirrors, and polymer components to leading automotive OEMs worldwide. The company is listed on both the NSE and BSE and continues to maintain a strong international manufacturing footprint.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.