Samvardhana Motherson Issues Rs 200 Cr Commercial Paper to Kotak Mahindra Bank

Samvardhana Motherson International Limited issued commercial paper worth Rs 200 crore in favour of Kotak Mahindra Bank Limited on September 30, 2026, the company informed the NSE and BSE in a filing the same day.

The issue comprises 4,000 commercial papers with a face value of Rs 500,000 each. The paper has a tenure of 83 days and a coupon of 6.25%. It matures on December 22, 2026, when the principal will be paid.

Interest is charged upfront, so no interest payment schedule applies. The paper is unsecured and carries no special rights.

The company marked as not applicable the fields on any delay or default in payment of interest or principal, and on any letters or comments concerning payment or the security.

Samvardhana Motherson International Limited is an automotive components manufacturer. It was formerly known as Motherson Sumi Systems Limited and adopted its present name in May 2022. The company is headquartered in Noida, Uttar Pradesh, and has a business presence in 44 countries across Asia Pacific, Europe, Africa and the Americas. The filing lists its registered office in Mumbai.

Its products include wiring harnesses, rearview mirrors for passenger cars, injection-moulded products, and modules such as dashboards, door trims and bumpers. The company reports five segments: wiring harness, modules and polymer products, integrated assemblies, vision systems and emerging businesses. Most of its revenue comes from the modules and polymer products segment. Besides automotive customers, it also serves industries such as aerospace, logistics, health and medical, and information technology.

The company’s financial year ends on March 31. The commercial paper issue is the kind of short-term borrowing companies commonly use to manage working capital. The filing does not state how the company will use the Rs 200 crore raised.