Samvardhana Motherson International Limited on June 29, 2026 informed both BSE and NSE that the acquisition of a 28.15 percent stake in HR Dhauliganga Private Limited (HRDPL) is now expected to close in Q4 FY27, pushing back the earlier timeline of Q1 FY27. SAMIL first disclosed the proposed acquisition on June 19, 2025, with subsequent updates on September 26, 2025, December 25, 2025, and March 26, 2026.
HRDPL is a special purpose vehicle set up by Hinduja Renewables Energy Private Limited. SAMIL and its subsidiaries had approved the execution of Power Delivery Agreements with HRDPL as part of the overall transaction. Under these agreements, HRDPL is expected to supply power for captive consumption by SAMIL and its subsidiaries.
The proposed stake acquisition of 28.15 percent in HRDPL was structured to comply with regulatory requirements for captive power generation and consumption under Electricity Laws. Samvardhana Motherson International Limited said the delay results from ongoing completion of conditions precedent for the deal.
Both SAMIL and its subsidiaries are parties to the Power Delivery Agreements. The revised timeline targets completion of the transaction during Q4 FY27. The update was disclosed under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations after market hours on June 29, 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.