Samvardhana Motherson Forms Hungarian Subsidiary with Sanko Co. Ltd.
Filing Summary
Samvardhana Motherson International Limited has informed the BSE about the incorporation of a new subsidiary in Hungary. This development follows a joint venture agreement between Motherson Global Investments B.V., a wholly-owned subsidiary of Samvardhana Motherson, and Sanko Co. Ltd., Japan. The newly formed entity, Motherson Sanko Sustainable Packaging Products EU Korlátolt Felelősségű Társaság, will focus on the packaging and manufacturing industry. The equity shareholding is divided with Motherson holding 51% and Sanko 49%. The total subscribed capital for this new entity is Euro 10,000.
Samvardhana Motherson International Limited has announced the incorporation of a new subsidiary in Hungary. This action is in line with a joint venture agreement executed by Motherson Global Investments B.V., a wholly-owned subsidiary of Samvardhana Motherson, and Sanko Co. Ltd., Japan. The new entity, named Motherson Sanko Sustainable Packaging Products EU Korlátolt Felelősségű Társaság, was incorporated on November 3, 2025.
The newly formed subsidiary will operate in the packaging and manufacturing industry. Its business activities will include designing, developing, marketing, manufacturing, and distributing plastic packaging materials and molded products related to material handling solutions. These products will encompass pallets, crates, and containers.
The equity shareholding structure of the subsidiary is defined by the joint venture agreement. Motherson Global Investments B.V. holds a 51% stake, while Sanko Co. Ltd. holds the remaining 49%. The total subscribed capital for this new entity amounts to Euro 10,000, with the consideration paid in cash by both shareholders according to their shareholding ratio.
No governmental or regulatory approvals were required for the incorporation of this subsidiary. The turnover details are not applicable as the entity is newly incorporated. The incorporation was officially communicated on November 4, 2025.
Sanko Co. Ltd. is a Japanese company involved in various business sectors, including manufacturing and distribution. The company focuses on expanding its global footprint through strategic partnerships and joint ventures.
Samvardhana Motherson International Limited is a global supplier of automotive components and solutions. The company is committed to expanding its operations and enhancing its product offerings through strategic collaborations and joint ventures in diverse industries.