Samvardhana Motherson International Limited announced initiation of incorporation of wholly owned subsidiary please find enclosed details of wholly owned subsidiary: Samvardhana Motherson International Leasings IFSC Limited. The turnover will not be applicable as the aforesaid entity is newly incorporated. The Company isIncorporated in GIFT City, Gujarat, which is being developed as a global financial services hub by Government of India.

Industry to which the entity being acquired belongs: Leasing Activities. To carry on business of leasing, sale and leaseback, purchase, asset management of moveable and immoveable assets. Indicative time period for completion of the acquisition: March 29, 2024 (Incorporation Date).

Nature of consideration - whether cash consideration or share swap and details of the same: New Incorporation. The entire share capital (i.e. 100%) of aforesaid entity will be held by Samvardhana Motherson International Limited.