Samvardhana Motherson International Limited's Board of Directors, in a meeting on May 29, 2025, approved the issuance of bonus shares in the ratio of 1:2 (one bonus share for every two existing shares).
The bonus issue commemorates the 50th anniversary of the Motherson Group, founded in 1975.
The bonus shares will be equity shares of Re. 1/- each, fully paid-up, ranking pari-passu with existing equity shares.
The total number of securities proposed to be issued is 3,51,81,47,534 equity shares, amounting to ₹351,81,47,534.
The bonus shares will be issued from the securities premium account.
Pre-bonus paid-up equity share capital was ₹703,62,95,067, divided into 703,62,95,067 equity shares of Re. 1/- each.
Post-bonus paid-up equity share capital will be ₹1055,44,42,601, divided into 1055,44,42,601 equity shares of Re. 1/- each.
The securities premium account required for the bonus issue is ₹351,81,47,534.
As of March 31, 2025, the securities premium account has ₹31,310 crore available on a standalone basis.
The company allotted 1,50,000 compulsorily convertible debentures (CCDs) on September 20, 2024.
The number of equity shares issuable upon conversion of the CCDs will be proportionately adjusted, resulting in a minimum conversion price of ₹126.67 (post bonus) instead of ₹190.00 (pre bonus).
The record date for determining eligible shareholders for the bonus shares will be fixed and intimated in due course.
The bonus shares are expected to be credited/dispatched within 2 months from the date of board approval, i.e., by July 28, 2025.