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MOTHERSON · Samvardhana Motherson International Limited · NSE · Filed 29 Jun · 1 min read

Motherson Pushes Captive-Power Stake Acquisition Timeline to Q4 FY27

Samvardhana Motherson International told exchanges its planned 28.15% stake purchase in HR Dhauliganga, tied to captive power arrangements, is now likely to close in Q4 FY27 rather than Q1 FY27.

What was filed

Samvardhana Motherson International (SAMIL) filed an update on an acquisition first disclosed in June 2025 and revised through subsequent disclosures dated September 2025, December 2025 and March 2026. The company and its subsidiaries had approved entering into Power Delivery Agreements with HR Dhauliganga Private Limited (HRDPL), and, to comply with regulatory requirements for captive power generation and consumption under Electricity Laws, proposed to acquire a stake in HRDPL. HRDPL is described in the filing as a special purpose vehicle set up by Hinduja Renewables Energy Private Limited.

The change in this update

The substance of this particular filing is a timing revision. The company said the transaction, earlier expected to close by Q1 FY27, is now likely to be completed during Q4 FY27. The reason cited is the ongoing completion of conditions precedent. No change to the size of the stake or the structure of the arrangement is stated in this update.

Stake to be acquired in HRDPL
28.15%

For holders, the update is procedural rather than transformative: it pushes the expected closing of a captive-power-linked stake acquisition by roughly three quarters, with the stake size and rationale unchanged from earlier disclosures.

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