Samvardhana Motherson International merges two Spanish subsidiaries
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- Modulos Ribera Alta SL (MRA) merged into Celulosa Fabril SA (CEFA), both indirect subsidiaries of Samvardhana Motherson International, effective 14 April 2026 (registration 20 April 2026).
- The two firms together generated roughly €174 million in FY 2025 turnover (€92.3 million from MRA and €81.6 million from CEFA).
- The transaction involved no cash or share consideration, did not affect the listed company’s shareholding, and is treated as a purely structural move under SEBI Regulation 30.
- Immediate financial impact is minimal—consolidated revenue and profit stay unchanged—but the merger is expected to yield medium‑term cost synergies and modest margin improvement by streamlining overlapping plastic‑processing operations in Spain.
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