ALFA Filings
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Motherson's Indonesian subsidiary received a ₹8.13 Crore tax penalty for FY 2021 royalty and SAP license disallowance. No material financial or operational impact on the Company.
The Michigan Department of Treasury imposed a Rs. 0.46 Crore tax penalty on the company's subsidiary, SMR Automotive Systems USA, following an income tax audit.
Motherson Lumen North America, a subsidiary, received an erroneous USD 225,000 (₹2.15 Crore) IRS penalty. The company is appealing for complete abatement of this demand.
Samvardhana Motherson's Spanish subsidiary faces a penalty of Rs. 0.71 Crore imposed by the local Labour Department. The company is appealing the order.
The US IRS imposed a penalty of INR 0.42 Crore (USD 43,200) on SMIL's subsidiary, SMP Automotive Systems Alabama Inc., for a late filing.