NSEUpdates4d ago · 27 Oct 2026, 07:33 pm
Updates
Samvardhana Motherson International Limited · MOTHERSON
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Samvardhana Motherson International Limited has received a 'Notice of Penalty Rescission' from the New York State Workers' Compensation Board, revoking a penalty of USD 19,500 imposed on its subsidiary Motherson Technology Services USA Limited.
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Earnings Impact2/10
Growth Catalyst1/10
Governance Concern1/10
Regulatory Risk8/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment7/10
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Samvardhana Motherson International Limited has voluntarily submitted a disclosure on receipt of rescission notice on penalty, initially disclosed on October 14, 2026.
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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 27, 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: Update on penalty notice received by Motherson Technology Services USA
Limited
Dear Sir / Madam,
This is with reference to the intimation submitted by Samvardhana Motherson International
Limited (“Company”) dated October 14, 2026, thereby, inter-alia, informing about the notice of
penalty of USD 19,500 issued by the New York State Workers’ Compensation Board, Bureau
of Compliance, USA (“NYS WCB”) to Motherson Technology Services USA Limited (“MSID
USA”), an indirect wholly owned subsidiary of the Company.
In this regard, upon submission of the appeal with NYS WCB, MSID USA has received a “Notice
of Penalty Rescission” and accordingly notice of aforesaid penalty of USD 19,500 stands
revoked and ineffective.
Kindly note the above is an update on previous penalty imposed on MSID USA and submitted
for your information and records.
Thanking you,
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