Samvardhana Motherson International Limited announced that Mr. Norikatsu Ishida (DIN: 09443998), a nominee of Sumitomo Wiring Systems Limited, Japan ("SWS") has resigned from the Directorship of Samvardhana Motherson International Limited with effect from March 6, 2024. Reasons for resignation as required to be disclosed under Clause 7C of Part A of Schedule III to the SEBI LODR: The Board of Directors of the Company has noted reasons for resignation, including the following: SWS currently has one representative on the Board of SAMIL. Given that the equity shareholding of SWS along with H. K. Wiring Systems Limited (hereafter "HKWS") is below 10% in SAMIL and further the intent to dilute, SWS believes that its best for its representative to step down from the Board of Directors of SAMIL.

Also, since SWS has diluted its holdings below 10% (i.e. 9.89%), SAMIL will be requested by SWS and HKWS, to initiate process to reclassify SWS as a public shareholder in accordance with applicable regulations.