(s) Provisions and contingent liabilities
Provisions

Provisions for legal claims, product warranties and other obligations are recognised when the Company has a present (legal
or constructive) obligation as a result of past events, it is probable that an outflow of resources will be required to settle the
obligation and the amount can be reliably estimated. Provisions are not recognised for future operating losses.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by
considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to
any one item included in the same class of obligations may be small.

When the Company expects some or all of a provision to be reimbursed, for example, under an insurance contract, the
reimbursement is recognised as a separate asset, but only when the reimbursement is virtually certain. The expense relating
to a provision is presented in the statement of profit and loss net of any reimbursement.

If the effect of the time value of money is material, provisions are discounted using a current pre-tax rate that reflects, when
appropriate, the risks specific to the liability. When discounting is used, the increase in the provision due to the passage of
time is recognised as a finance cost.

Warranty provisions

In cases where the obligations include warranty liabilities, the Company provides warranties for general repairs of defects
that existed at the time of sale, as required by law. Provisions related to these assurance-type warranties are recognised when
the product is sold or the service is provided to the customer. Initial recognition is based on historical experience. The initial
estimate of warranty-related costs is revised annually.

Contingent Liabilities

Contingent liabilities are disclosed when there is a possible obligation arising from past events, the existence of which will be
confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of
the Company or a present obligation that arises from past events where it is either not probable that an outflow of resources
will be required to settle or a reliable estimate of the amount cannot be made.

(t) Employee benefits
Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months
after the end of the period in which the employees render the related service are recognised in respect of employees'

services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are
settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

Provident Fund & Employee State Insurance

Contribution towards provident fund and employee state insurance for employees is made to the regulatory authorities,
where the Company has no further obligations. Such benefits are classified as Defined Contribution Schemes as the
Company does not carry any further obligations, apart from the contributions made on a monthly basis.

Superannuation fund

The Company has a superannuation plan for the benefit of its employees. Employees who are members of the defined benefit
superannuation plan are entitled to benefits depending on the years of service and salary drawn. The Company contributes
up to 12% of the eligible employees' salary or 100,000 / 150,000, whichever is lower, every year. Such contributions are
recognised as an expense as and when incurred. The Company does not have any further obligations beyond this contribution.

Gratuity

The Company provides for gratuity, a defined benefit plan (the "Gratuity Plan") covering eligible employees in accordance
with the Payment of Gratuity Act, 1972. The Gratuity Plan provides a lump sum payment to vested employees at retirement,
death, incapacitation or termination of employment, of an amount based on the respective employee's salary and the tenure
of employment. The gratuity plan in Company is funded through annual contributions to Life Insurance Corporation of India
(LIC) under its Company's Gratuity Scheme whereas others are not funded.

The liability or asset recognised in the balance sheet in respect of defined benefit gratuity plans is the present value of the
defined benefit obligation at the end of the reporting period less the fair value of plan assets. The Company's liability is
actuarially determined (using the Projected Unit Credit method) at the end of each year. The present value of the defined
benefit obligation is determined by discounting the estimated future cash outflows using interest rates of government bonds.
Re-measurement gains and losses arising from experience adjustments and changes in actuarial assumptions are charged
or credited to equity through other comprehensive income in the period in which they arise. They are included in retained
earnings through OCI in the statement of changes in equity and in the balance sheet. Past-service costs are recognised
immediately in statement of profit and loss.

Compensated Absences

Accumulated compensated absences, which are expected to be availed or encashed within 12 months from the end of the
year end are treated as short term employee benefits. The obligation towards the same is measured at the expected cost of
accumulating compensated absences as the additional amount expected to be paid as a result of the unused entitlement
as at the year end.

Accumulated compensated absences, which are expected to be availed or encashed beyond 12 months from the end of
the year end are treated as other long term employee benefits. The Company's liability is actuarially determined (using the
Projected Unit Credit method) at the end of each year. The present value of the defined benefit obligation is determined by
discounting the estimated future cash outflows using interest rates of government bonds. Re-measurement gains and losses
arising from experience adjustments and changes in actuarial assumptions are recognised in statement of profit or loss in the
period in which they arise. Past-service costs are recognised immediately in statement of profit and loss.

(u) Dividends

Provision is made for the amount of any dividend declared, being appropriately authorised and no longer at the discretion of
the entity, on or before the end of the reporting period but not distributed at the end of the reporting period.

(v) Earnings per share

(i) Basic earnings per share

Basic earnings per share is calculated by dividing the net profit or loss attributable to equity shareholders by the
weighted average number of equity shares outstanding during the period. Partly paid equity shares are treated as a
fraction of an equity share to the extent that they are entitled to participate in dividends relative to a fully paid equity
share during the reporting period.

The weighted average number of equity shares outstanding during the period is adjusted for events such as bonus
issue that have changed the number of equity shares outstanding, without a corresponding change in resources.

(ii) Diluted earnings per share

Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account:

- the after income tax effect of interest and other financing costs associated with dilutive potential equity shares,
and

- The weighted average number of additional ordinary shares that would have been outstanding assuming the
conversion of all dilutive potential equity shares.

1.2 Significant accounting judgements, estimates and assumptions

The preparation of financial statements requires management to make judgements, estimates and assumptions that affect the
reported amounts of revenues, expenses, assets and liabilities, the accompanying disclosures, and the disclosure of contingent
liabilities. Uncertainty about these assumptions and estimates could result in outcomes that require a material adjustment to the
carrying amount of assets or liabilities affected in future periods.

Judgements

In the process of applying the Company's accounting policies, management has made the following judgements, which have the
most significant effect on the amounts recognised in the consolidated financial statements.

In the process of applying the Company's accounting policies, management has made the following judgements, which have the
most significant effect on the amounts recognised in the consolidated financial statements.

(i) Determining the lease term of contracts with renewal and termination options - Company as lessee

The Company determines the lease term as the non-cancellable term of the lease, together with any periods covered by an
option to extend the lease if it is reasonably certain to be exercised, or any periods covered by an option to terminate the
lease, if it is reasonably certain not to be exercised.

The Company has several lease contracts that include extension and termination options. The Company applies judgement
in evaluating whether it is reasonably certain whether or not to exercise the option to renew or terminate the lease.

(ii) Revenue from contracts with customers

The Company applies the judgements in respect to transactions relating to tools development, Principal versus agent, that
significantly affect the determination of the amount and timing of revenue from contracts with customers. For more details,
refer note 2.1 (d)

Estimates and assumptions

The key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year, are

described below. The Company based its assumptions and estimates on parameters available when the financial statements were
prepared. Existing circumstances and assumptions about future developments, however, may change due to market change or
circumstances arising beyond the control of the Company. Such changes are reflected in the assumptions when they occur.

(i) Useful life of property, plant and equipment, intangible and investment properties

The Company uses its technical expertise along with historical and industry trends for determining the economic
useful life of an asset/component of an asset. The useful lives are reviewed by management periodically and revised,
if appropriate. In case of a revision, the unamortised amount is charged over the remaining useful life of the assets.

(ii) Defined benefit plans

The cost of the defined benefit gratuity plan and other post-employment defined benefits are determined using
actuarial valuations. An actuarial valuation involves various assumptions that may differ from actual developments in
the future. These include the determination of the discount rate, future salary increases and mortality rates. Due to
the complexities involved in the valuation and its long-term nature, a defined benefit obligation is highly sensitive to
changes in these assumptions. All assumptions are reviewed at each reporting date. Further details about gratuity
obligations are given in Note 21.

(iii) Taxes

Uncertainties exist with respect to the interpretation of complex tax regulations, changes in tax laws, and the amount
and timing of future taxable income. Given the nature of business differences arising between the actual results and
the assumptions made, or future changes to such assumptions, could necessitate future adjustments to tax income
and expense already recorded. The Company establishes provisions, based on reasonable estimates. The amount of
such provisions is based on various factors, such as experience of previous tax audits and differing interpretations of
tax regulations by the taxable entity and the responsible tax authority. Such differences of interpretation may arise on a
wide variety of issues depending on the conditions prevailing in the respective domicile of the companies.

The Company recognises liabilities for anticipated tax audit issues based on estimates of whether additional taxes will
be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such
differences will impact the current and deferred tax assets and liabilities in the period in which such determination is
made.

(iv) Recognition of revenue over the period of time

The Company recognises revenue over the period of time for contracts related to the development of tools, as the
performance obligation is satisfied over the period. This approach requires the company to estimate revenue by
measuring the progress towards satisfaction of the performance obligation, using a method that best reflects the
transfer of control of goods or services to the customer.

Estimates and judgements are continually evaluated. They are based on historical experience and other factors,
including expectations of future events that may have a financial impact on the Company and that are believed to be
reasonable under the circumstances

(v) Provisions and liabilities

The Company estimates the provisions and liabilities and to the probability of expenses arising from warranty claims
and claims from legal disputes that have present obligations as a result of past events and it is probable that outflow of
resources will be required to settle the obligations. These provisions are reviewed at the end of each reporting date and
are adjusted to reflect the current best estimates.

* Sumitomo Wiring Systems Ltd., Japan (SWS) along with H.K Wiring Systems Limited, Hong Kong (HKWS) vide letter dated
May 17, 2024 has requested for re-classification from 'Promoter Group' to 'Non-Promotor Group' under Regulation 31A of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board of Directors of the Company in its
meeting held on May 29, 2024, has inter-alia, considered and approved the aforesaid request letters received for reclassifying
them from 'Promoter/Promoter Group' category to 'Public' category. Subsequent to year end the Stock Exchanges has
approved the aforesaid reclassification vide letter dated May 07,2025.

** Ms. Renu Alka Sehgal ceased to be part of the Promotor Group in terms of Regulation 31A(6)(c ) of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 upon her sad demise on May
01, 2024.

- Renu Sehgal Trust (RST) held 841,238,437 equity shares of SAMIL in the name of its Trustee Smt. Renu Alka Sehgal. Further
RST has opened two separate demat accounts in the name of other trustees and transfer of shares in its new demat accounts
on March 26, 2025 as details below:

(a) Transfer of 821,867,324 equity shares held by RST to its another Demat Account opened in the name of Shri Sehgals
Trustee Company Private Limited, Trustee of RST and disclosed in the shareholding as Renu Sehgal Trust (Trustee - Shri
Sehgals Trustee Company Private Limited) and

(b) Transfer of 19,371,113 equity shares held by RST to its another Demat Account opened in the name of Ms. Geeta Soni
jointly with Mr. Laksh Vaaman Sehgal, Trustees of RST and disclosed in the shareholding as Renu Sehgal Trust (Trustees
- Ms. Geeta Soni jointly with Mr. Laksh Vaaman Sehgal).

- Renu Sehgal held 585,127 equity shares of SAMIL in her name. These shares were transferred on March 26, 2025 as details
below:

(a) Transfer of 384,588 equity shares held by Ms. Renu Alka Sehgal to Mr. Laksh Vaaman Sehgal (son of Late Smt. Renu Alka
Sehgal) and

(b) Transfer of 200,539 equity shares held by Ms. Renu Alka Sehgal to Ms. Vidhi Sehgal Chopra (daughter of Late Smt. Renu
Alka Sehgal).

As per records of the Company, including its register of shareholders/ members and other declarations received from
shareholders regarding beneficial interest, the above shareholding represents both legal and beneficial ownerships of shares.

^A % change during the year are not comparable because of impact of accounting for the scheme (refer note 50)

f. The Board of directors of the Company recommended issue of bonus shares on its meeting held on May 29, 2025 1 equity
share for every 2 equity shares held. These bonus shares are subject to approval of shareholders at the ensuing Annual
General Meeting.

Reserve on amalgamation

This reserve was created at the time of amalgamation and mergers carried out in earlier years. The reserve will be utilised in
accordance with the provisions of the Act as is defined.

Securities premium

Securities premium is used to record the premium on issue of shares. The reserve is utilised in accordance with the provisions
of the Act.

Capital reserve

The Capital Reserve has been generated in previous years because of the Amalgamation and Mergers in past years.

The reserve will be utilised in accordance with the provisions of the Act.

General reserve

General reserve is the retained earnings of the Company which is kept aside out of the Company's Net profits to meet any
future obligations.

FVOCI equity investments

The Company has elected to recognise changes in the fair value of certain investments in equity securities in other
comprehensive income. These changes are accumulated within the FVOCI equity investment reserve within equity. The
Company transfers amounts from this reserve to retained earnings when the relevant equity securities are sold or otherwise
derecognised.

Cash flow hedging reserve

The Company uses hedging instruments as part of its management of foreign currency risk and interest rate risk associated
on borrowings. For hedging foreign currency and interest rate risk, the Company uses foreign currency forward contracts,
cross currency swaps and interest rate swaps. To the extent these hedges are effective, the change in fair value of the
hedging instrument is recognised in the effective portion of cash flow hedges. Amounts recognised in the effective portion
of cash flow hedges is reclassified to the statement of profit and loss when the hedged item affects profit or loss (e.g. interest
payments).

Bracket denotes appropriations / deductions / debit balances.

Above sensitivity analysis is based on a change in assumption while holding all the other assumptions constant. In
practice, this is unlikely to occur, and change in some of the assumptions may be correlated. When calculating the
sensitivity of the defined benefit obligation to significant actuarial assumptions the same method (present value of the
defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been
applied as when calculating the defined benefit liability recognised in balance sheet.

(x) Risk exposure

The gratuity scheme is a Defined Benefit Plan that provides for lump sum payment made on exit either by way of
retirement, death, disability or voluntary withdrawal. The benefits are defined on the basis of last drawn salary and the
period of service and paid as lump sum at exit. The plan design means the risk commonly affecting the liabilities and
the financial results are expected to be:

(a) Interest rate risk: The defined benefit obligation calculated uses a discount rate based on government bonds, if
bond yield fall, the defined benefit obligation will tend to increase.

(b) Salary inflation risk: Higher than expected increases in salary will increase the defined benefit obligation.

(c) Demographic risk: This is the risk of variability of results due to unsystematic nature of decrements that include
mortality, withdrawal, disability and retirement. The effect of these decrements on the defined benefit obligation
is not straight forward and depends upon the combination of salary increase, discount rate and vesting criteria.

Note:

In accordance with the requirements, changes in ratios of more than 25% as compared to previous year have been explained.

(I) The current ratio has decreased due to higher portion of long-term borrowings becoming due within the next twelve months
compared financial year ended March 31, 2024. Additionally the Company declared interim dividend in month of March 2025
and related liability is standing in the books as on March 31, 2025.

(ii) The debt service coverage ratio has decreased primarily due to the recognition of interest expense on compulsorily
convertible debentures during the year included in finance cost.

*The carrying amounts of trade receivables, borrowings, cash and cash equivalents, other financial assets, trade payables and
other financial liabilities are considered to be the same as their fair values.

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices. This includes listed equity instruments
that have quoted price. The fair value of all equity instruments which are traded in the stock exchanges is valued using the
closing price as at the reporting period.

Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques
which maximise the use of observable market data and rely as little as possible on entity-specific estimates. If all significant
inputs required to fair value an instrument are observable, the instrument is included in level 2.

Level 3: If one or more of the significant inputs is not based on observable market data, the instrument is included in level 3.
This is the case for unlisted equity securities included in level 3.

ii. Valuation technique used to determine fair value

Specific valuation techniques used to value financial instruments include:

a. a. the use of quoted market prices or dealer quotes for similar instruments.

b. the fair value of forward foreign exchange contracts and principal swap is determined using forward exchange rates at
the balance sheet date.

The fair value of non-current financial assets and financial liabilities (except Non-convertible debentures, which are valued
at their respective traded prices as at March 31, 2025 available at Bloomberg)) carried at amortized cost is substantially same
as their carrying amount.

²The Company has taken interest rate swap amounting to INR 10,500 million (March 31, 2024: INR 17,850 million) and a
borrowing with fixed interest rate amounting INR 36,000 (March 31, 2023: INR 21,000 million).

Note: The carrying amounts of current financial assets and current financial liabilities i.e. trade receivables, loans, other
financial assets, trade payables, short term borrowings and other financial liabilities are considered to be the same as their
fair values, due to their short-term nature.

37 (a) Financial risk management

The Company in its capacity as an internationally active supplier for the automobile industry is exposed to various risks
i.e., market risk, liquidity risk and credit risk. The Company has global presence and decentralized management structure.
Concentrating on the plants make it necessary for implementing an organized risk management system. The Company is
therefore exposed to risks associated with global organizations and automotive industry in particular.

The Company has set up a Risk Management Committee (RMC) at the board level to periodically review operating, financial
and strategic risks in the business and their mitigating factors. RMC has formulated Risk Management Policy for the Company
which outlines the risk management framework to help minimize the impact of uncertainty on the Company's strategic
goals. The framework enables a structured and disciplined approach to risk management. The Company has developed
guidelines on risk controlling and the use of financial instruments. These guidelines contain a clear allocation of duties. Risks
are controlled and monitored by means of operational and financial measures.

Below are the major risks which can impact the Company:

A Market risk:

Market risk is the risk that the fair value of future cashflows of a financial instruments will fluctuate because of changes
in market price/ rate. Market risk comprises three types of risk: interest rate risk, foreign currency risk and other price
risks. Financial instruments affected by market risk include loans and borrowings, deposits and payables/ receivables
in foreign currencies.

a. Price risk:

Fluctuation in commodity price in global market affects directly and indirectly the price of raw material and
components used by the Company in its various products segment. Substantial pricing pressure from major
OEMs to give price cuts and inability to pass on the increased cost to customers may also affect the profitability of
the Company. The Group has set up Global Sourcing Procurement (GSP) at Sharjah which gives leverage of bulk
buying and helps in controlling prices to a certain extent.

The key raw material for the Company's wiring harness business is Copper. There are substantial fluctuations
in prices of Copper. The Company has arrangements with its major customers for passing on the price impact.

The major raw materials used by Polymer Division of the Company are polypropylenes, polycarbonates and
various grades of nylons and resins. The Company is having arrangement with major customers for actualization
of raw material price variations periodically. The setting up of Global Sourcing Procurement division further
strengthens the procurement function.

The Company is regularly taking initiatives like VA-VE (value addition, value engineering) to reduce its raw material
costs to meet targets set up by its customers for cost downs. In respect of customer nominated parts, the
Company has back to back arrangements for cost savings with its suppliers.

b. Foreign currency risk:

The exchange variations in India impacts the imports, however the Company has arrangements with its major
domestic customers for passing on the exchange impact on import purchase and has considerably increased its
export sales during last few years to attain natural hedge. The Company also does selective hedging to hedge its
risks associated with foreign currency.

c. Interest rate risk:

Interest rate risk is the risk that the fair value of future cash flows of the financial instruments will fluctuate because
of changes in market interest rates. The Company's main interest rate risk arises from long-term borrowings with
variable rates, which exposes the Company to cash flow interest rate risk. During March 31, 2025 and March 31,
2024, the Company's borrowings at variable rate were mainly denominated in INR.

(i) Interest rate risk exposure

The exposure of the Company's borrowing to interest rate changes at the end of the reporting period are
as follows:

subjected to credit assessments as a precautionary measure, and the adherence of all clients to payment due dates is
monitored on an on-going basis, thereby practically eliminating the risk of default and impairment.

Financial instruments and cash deposits

The Company has deposited liquid funds at various banking institutions. Primary banking institutions are major Indian
and foreign banks. In long term credit ratings these banking institutions are considered to be investment grade. Also,
no impairment loss has been recorded in respect of fixed deposits that are with recognised commercial banks and are
not past due.

C Liquidity risk:

The liquidity risk encompasses any risk that the Company cannot fully meet its financial obligations. To manage the
liquidity risk, cash flow forecasting is performed in the operating divisions of the Company and aggregated by Company
finance. The Company's finance monitors rolling forecasts of the Company's liquidity requirements to ensure it has
sufficient cash to meet operational needs while maintaining sufficient headroom on its undrawn committed borrowing
facilities / overdraft facilities at all times so that the Company does not breach borrowing limits or covenants (where
applicable) on any of its borrowing facilities.

B Credit risk:

The credit risk is the risk of financial loss to the Company if a customer or counterparty to a financial instrument fails
to meet its contractual obligations towards the Company and arises principally from the Company's receivables from
customers and deposits with banking institutions.

Trade receivables

The Company has developed guidelines for the management of credit risk from trade receivables. The Company's
primary customers are major Indian automobile manufacturers (OEMs) with good credit ratings. Non-OEM clients are

38 Capital management
(a) Risk management

The Company's objectives when managing capital is to safeguard their ability to continue as a going concern, so that they can
continue to provide returns for shareholders and benefits for other stakeholders, and maintain an optimal capital structure
to reduce the cost of capital.

Consistent with others in the industry, the Company monitors Net Debt to EBITDA ratio i.e. Net debt (total borrowings
(including lease liabilities) net of cash and cash equivalents) divided by EBITDA (Earnings before interest, depreciation,
dividend income, interest income and exceptional items)

The Company's strategy is to ensure that the Net Debt to EBITDA is managed at an optimal level considering the above
factors. The Net Debt to EBITDA ratios were as follows:

41 Segment Information:

The Company is primarily in the business of manufacture and sale of components to automotive original equipment manufacturers.

The Chief Operating Decision Maker "CODM" reviews the operations of the Company in the following operating segments i.e.
'Wiring Harness', 'Modules and polymer products', 'Vision systems', 'Integrated assemblies' and residual as 'Emerging businesses'
at a consolidated level. Segment information had been reported in the Company's standalone financial results in past on voluntary
basis, though not required as per para 4 of Ind AS 108 "Operating Segments" as the Company presents consolidated financial
results along with Standalone financial results. Hitherto, the Company has opted not to disclose segment information in the
standalone financial results and disclose segment information in the consolidated financial results only.

A. During the year the Company has given below corporate guarantees to group companies:-

1) The Company has given corporate guarantee of INR 9,708 million (EUR 105 million) representing 105% of the initial
aggregate principal amount to the subsidiary, Samvardhana Motherson Automotive Systems Group B.V.in favour of
CitiCorp International Limited in connection with issuance of EUR 100 million of Senior Secured Notes due 2025 issued
by Samvardhana Motherson Automotive Systems Group B.V.

2) The Company has given corporate guarantee of INR 68,138 million (EUR 737 million) representing 110% of the initial
aggregate principal amount to the step down subsidiary, Motherson Global Investments B.V. (formerly SMRC Automotive
Holdings Netherlands B.V.) in favour of Axis Trustee Services Limited in connection with issuance of revolving credit
facilities of Euro 67,000,000.

3) The Company has given corporate guarantee of INR 4,231 million (USD 49.5 million) representing 110% of the initial
aggregate principal amount to the step down subsidiary, SMP Automotive Systems Alabama Inc. in favour of Citibank,
N.A., Hong Kong Branch in connection with issuance of term loan facility with an initial aggregate principal amount of
USD 45 million.

4) The Company has given corporate guarantee of INR 2,350 million (USD 27.5 million) representing 110% of the outstanding
principal amount of USD 25 million to the step down subsidiary, SMP Automotive Systems Alabama Inc. in favour of DBS
Bank Ltd. in connection with issuance of term loan facility with an initial aggregate principal amount of USD 50 million.

5) The Company has given corporate guarantee of INR 4,701 million (USD 55 million) representing 110% of the outstanding
principal amount of USD 50 million to the step down subsidiary, SMR Automotive Systems USA Inc. in favour of DBS
Bank Ltd in connection with issuance of term loan facility with an initial aggregate principal amount of USD 100 million.

6) The Company has given corporate guarantee of INR 5,461 million (AUD 102.3 million) representing 110% of the initial
aggregate principal amount to the step down subsidiary, SMR Holding Australia Pty Limited in favour of Axis Trustee
Services Limited in connection with issuance of term loan facility with an initial aggregate principal amount of AUD 93
million.

7) The Company has given corporate guarantee of INR 31,410 million (USD 367.5 million) representing 105% of the
initial aggregate principal amount to the step down subsidiary, Motherson Global Investments B.V (formerly SMRC
Automotive Holdings Netherlands B.V) in favor of HSBC Bank USA, National Association in connection with issuance
of USD 350 million of Senior Secured Notes due 2029 issued by Motherson Global Investments B.V in one or more
tranches.

8) The Company has given corporate guarantee of INR 14,000 million representing 100% of the initial aggregate principal
amount to the step down subsidiary, Motherson Electronic Components Private Limited in favour of HSBC Bank in
connection with issuance of term loan facility with an initial aggregate principal amount of INR 14,000 million.

9) The Company has given corporate guarantee of INR 469 million representing 100% of the initial aggregate principal
amount to the subsidiary, Fritzmeier Motherson Cabin Engineering Private Limited in favour of HDFC Bank in connection
with issuance of term loan and working capital facilities with an initial aggregate principal amount of INR 469 million.

10) The Company has given corporate guarantee of INR 100 million representing 100% of the initial aggregate principal
amount to the subsidiary, Samvardhana Motherson Adsys Tech Limited in favour of Axis Bank in connection with
issuance of term loan facility with an initial aggregate principal amount of INR 100 million.

B. During the year, corporate guarantee of INR 12,376 million (EUR 137.5 million) to subsidiary MSSL (GB) Limited in
favour of Axis Trustee Services Ltd. has been closed.

C. The Company has given performance guarantee amounting to INR 2,589 million (EUR 28 Million) in favour of
Aktiebolaget Volvo (publ), Volvo Truck Corporation and its group entities ("Volvo") in respect of performance of
contracts by step down subsidiaries PKC Group Oy and PKC Wiring Systems Oy.

The Company has also issued a letter for financial and operational support in certain cases where Group entities
required such support for their operations.

Contract assets are initially recognised for revenue earned from development of tools and secondary equipment as receipt of
consideration is conditional on successful completion and acceptance by the customer. Upon completion and acceptance by the
customer, the amounts recognised as contract assets are reclassified to trade receivables. The expected credit loss on contract
assets is considered very low and hence no provision for credit loss is recorded in respect of contract assets.

46 Leases

The Company assesses each lease contract and if the contract conveys the right to control the use of an identified asset for a
period of time in exchange for consideration, the Company recognised right to use assets and lease liabilities for those lease
contracts except for short-term lease and lease of low-value assets.

The Company has leases contracts for land, building, plant & machinery and vehicles. These lease arrangements for land are for a
period upto 99 years, for building are for a period upto 10 years, plant & machinery are for a period upto 5 years and vehicles are
for a period upto 5 years. The Company also has certain leases of machinery, computers, vehicles with lease terms of 12 months
or less and leases of office equipment with low value. The Company applies the 'short-term lease' and 'lease of low-value assets'
recognition exemptions for these leases.

All loans are Unsecured loans.

The tenure and interest rate on these shall vary in the range of 1-3 years and between 4.50% to 9.50% depending upon
currency and tenure.

The purpose of above loans are Investment/ advances to other group companies and meeting other financial obligations.

50 Pursuant to implementation of Composite scheme, domestic wiring harness business of the Company was transferred to
Motherson Sumi Wiring India Limited (MSWIL). There are various common facilities/functions with the Company and cost in
respect of the same are incurred by the Company. Motherson Sumi Wiring India Limited (MSWIL) reimburses these costs at actual
basis or shared basis to the Company based on mainly in the ratio of sales of domestic and non-domestic wiring harness business
as mutually decided by both the Companies with effect from the appointed date of April 1, 2021. These costs are excluded in the
respective expense head as mentioned below:

51 The Company has raised INR 64,376 million through Qualified Institutional Placement (QIP) on September 20, 2024 , by way of
issue of 259,873,701 equity shares of INR 1 each at a premium of INR 189 per share and issue of 150,000 Compulsory Convertible
Debenture of INR 100,000 each. The said proceeds have been fully utilized as at March 31, 2025 for the purpose it was raised.
Aggregate expenditure incurred for the purpose of QIP amounting INR 630 million.

52 Other Statutory Information

(i) The Company does not have any charges or satisfaction which is yet to be registered with ROC beyond the statutory period
except few charges which are in process of satisfaction.

(ii) The Company has not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the
understanding (whether recorded in writing or otherwise) that the Company shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
Funding Party (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries,

(iii) The Company has not advanced or loaned or invested funds to any other person(s) or entity(ies), including foreign entities
(intermediaries) with the understanding that the intermediary shall:

(a) directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the
company (Ultimate Beneficiaries) or

(b) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries"

(iv) The Company does not have any such transaction which is not recorded in the books of accounts that has been surrendered
or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (such as, search or survey or
any other relevant provisions of the Income Tax Act, 1961.

53 The Company has used multiple accounting software(s) for maintaining its books of account which have a feature of recording
audit trail (edit log) facility and the same were operating throughout the year for all relevant transactions recorded in the software(s),
except that in two accounting software(s) audit trail feature on database tables was enabled with effect from February 12, 2025 and
February 27, 2025 respectively. Further there was no instance of audit trail feature being tampered with respect to the accounting
software(s). Additionally, the Company has preserved the audit trail of relevant prior year as per the statutory requirements.

54 Standards notified but not yet effective

There are no standards that are notified and not yet effective as on the date.

55 Previous year's figures has been regrouped and /or reclassed wherever applicable necessary to confirm to the current year's
groupings and classifications.

56 Amounts appearing as zero "0" in financial are below the rounding off norm adopted by the Company.

For S.R. Batliboi & Co. LLP For and on behalf of the Board of

Chartered Accountants Samvardhana Motherson International Limited

ICAI Firm Registration Number: 301003E/E300005

per ASHOK NARAYANASWAMY V.C. SEHGAL PANKAJ MITAL

Partner Chairman Whole-time Director/

Membership No.: 095665 DIN: 00291126 Chief Operating Officer

DIN: 00194931

Place: Noida Place: Noida

Date: May 29, 2025 Date: May 29, 2025

KUNAL MALANI ALOK GOEL

Chief Financial Officer Company Secretary

FCS: 4383

Place: Gurugram Place: Noida Place: Noida

Date: May 29, 2025 Date: May 29, 2025 Date: May 29, 2025