NSEGeneral Updates9h ago · 14 Oct 2026, 06:12 pm
General Updates
Samvardhana Motherson International Limited · MOTHERSON
✦ AI SummaryRegulatory
Samvardhana Motherson International Limited has received a penalty notice from the New York State Workers' Compensation Board for USD 19,500, equivalent to INR 18,67,106, for not providing workers' compensation insurance coverage for its employees from December 4, 2024, to January 3, 2026. The company's subsidiary, Motherson Technology Services USA Limited, will file an appeal.
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Full Announcement
Samvardhana Motherson International Limited has informed the Stock Exchange a disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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Samvardhana Motherson International Limited
Head Office: C-14 A & B, Sector 1, Noida – 201301 Distt. Gautam Budh Nagar, U.P. India
Tel: +91-120-6752100, 6752278, Fax: +91-120-2521866, 2521966, Website: www.motherson.com
October 14, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, 5th Floor, Phiroze Jeejeebhoy Towers,
Plot No. C/1, G-Block, Dalal Street,
Bandra-Kurla Complex, Mumbai– 400001,
Bandra (E), Mumbai – 400051, Maharashtra, India
Maharashtra, India
Symbol: MOTHERSON Scrip Code: 517334
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Dear Sir / Madam,
The details as required under Regulation 30 of SEBI Listing Regulations in respect of penalty
notice received by Motherson Technology Services USA Limited, an indirect wholly owned
subsidiary of Samvardhana Motherson International Limited, are enclosed herewith as
Annexure- I.
This is for your information and record.
Yours truly,
For Samvardhana Motherson International Limited
Alok Goel
Company Secretary
Regd. Office:
Unit – 705, C Wing, ONE BKC, G Block
Bandra Kurla Complex, Bandra East
Mumbai – 400051, Maharashtra (India)
Tel: 022-61354800, Fax: 022-61354801
CIN No.: L35106MH1986PLC284510
Email: investorrelations@motherson.com
Annexure I
S. No. Particulars Details
1. Name of the Authority New York State Workers’ Compensation Board,
Bureau of Compliance, USA (“NYS WCB”).
2. Nature and details of the NYS WCB has issued a notice of penalty (the
action(s) taken or order(s) “Notice”) to Motherson Technology Services
passed USA Limited (“MSID USA”) amounting USD
19,500 (Unites States Dollar Nineteen thousand
five hundred) equivalent to INR 18,67,106
(approx.) (Rupees Eighteen Lakh Sixty-Seven
Thousand One Hundred Six only).
MSID USA is an indirect wholly owned subsidiary
of Samvardhana Motherson International Limited
(the “Company”).
3. Date of receipt of direction or Notice was received by MSID USA on October
order, including any ad-interim or 12, 2026 at 1223 Hours EDT / 2153 Hours IST.
interim orders, or any other MSID USA has informed the Company on
communication from the October 13, 2026 at 1855 Hours (IST).
authority
4. Details of the violation(s) / NYS WCB has notified that MSID USA was
contravention(s) committed or required to provide workers’ compensation
alleged to be committed insurance coverage for its employees from
December 4, 2024, to January 3, 2026.
MSID USA will file an appeal with NYS WCB as it
had no employees in New York during the
aforementioned period.
5. Impact on financial, operation or There is no material impact on the financials,
other activities of the listed entity, operations or other activities of the Company.
quantifiable in monetary terms to
the extent possible
6. Explanation(s) for delay in Not Applicable
disclosure