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.
Samvardhana Motherson's Chinese subsidiary received a ₹0.27 Crore penalty from Beijing Customs for wrongful delivery term declarations. The company reports no material financial impact.
Samvardhana Motherson's US subsidiary, Motherson SAS, received a $28,518 (₹0.27 Crore) tax penalty from California's Franchise Tax Board. The penalty relates to sales classification in tax returns for the year ended March 31, 2025. Management states there is no material impact on the company's financials or operations.