Samvardhana Motherson International Ltd Subsidiary GIE Groupe AD Completes Dissolution and Deregistration
Samvardhana Motherson International Ltd announced the dissolution and deregistration of GIE Groupe AD ('GIE'), an indirect wholly owned subsidiary of the company. The dissolution process was completed on April 14, 2026, following the approval of the Commercial Register in France.GIE Groupe AD was initially acquired by Samvardhana Motherson International Ltd on May 13, 2024, as part of the larger acquisition of ADI Group. The company confirmed that GIE was not carrying out any business or operation, leading the shareholders to approve its dissolution. Accordingly, the Commercial Register formally approved the dissolution of GIE on April 14, 2026, with an effective date traced back to November 1, 2017.
The financial details regarding GIE's contribution during the last financial year, FY 2024-25, showed minimal impact on the parent company.
| Metric | Details | Value (FY 2024-25) |
|---|---|---|
| Other Income | Amount | Euro 122,917 (Euro One Hundred Twenty-Two Thousand Nine Hundred Seventeen only) |
| Net Worth | Amount | Nil |
| Contribution to Consolidated Revenue & Net Worth | Impact | 'negligible' / 0.00% |
The dissolution completes the administrative separation of GIE Groupe AD from the company's operational structure.
MOTHERSON Stock Price Movement
Samvardhana Motherson International Limited shares today slipped by 0.85% to settle at ₹122.82. The stock saw notable activity in the post-market session, trading on a total volume of 20.05 million shares.Source:
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