Dormant indirect subsidiary Yachiyo of Ontario dissolved; no impact on consolidated net worth
Samvardhana Motherson International Ltd has informed the exchanges that its indirect subsidiary, Yachiyo of Ontario MFG., Inc., Canada, has been dissolved from Ontario's Register of Companies, effective October 14, 2026.
By ScoutQuest · · 2 min read
- Income (FY2025-26)
- INR 1.5 million
- Net Worth (FY2025-26)
- INR 1.2 million
- Contribution to consolidated revenue/net worth
- 'negligible' /0%
What happened
Samvardhana Motherson International Limited has informed the stock exchanges that Yachiyo of Ontario MFG., Inc., Canada, an indirect subsidiary of the Company, has been dissolved from the Register of Companies in Ontario, Canada. The Ministry of Finance of Ontario consented to the dissolution, effective from October 14, 2026.
Background given in the update
- Yachiyo Canada was acquired by the Company on March 26, 2024, as part of the acquisition of Motherson Yachiyo Automotive Systems Co., Ltd.
- The update states Yachiyo Canada was not carrying out any business or operation.
- Its sole shareholder approved the dissolution, and the Articles of Dissolution were shared with the Ontario Business Registry seeking the Ministry of Finance of Ontario's consent.
Numbers to note
- Income of Yachiyo Canada during the financial year 2025-26: INR 1.5 million
- Net worth of Yachiyo Canada during the financial year 2025-26: INR 1.2 million
- Contribution of this income to the consolidated revenue and consolidated net worth of the Company, as at the end of FY2025-26: 'negligible' / 0%
- The update states the dissolution has no impact on the consolidated net worth of the Company.
How a reader can look at this
This relates to closing down a non-operating overseas entity. The amounts involved are small in the context of a consolidated group, and the update itself puts the contribution of that entity to group revenue and net worth at 'negligible' / 0%, with no impact on consolidated net worth.
The disclosure does not involve a sale, and the annexure marks the items on agreement date, expected completion of sale/disposal, consideration received, buyer details, related-party treatment and scheme-of-arrangement questions as "Not Applicable".
What to take away
- The event is the dissolution of an indirect subsidiary that was not running any business.
- The entity's FY2025-26 income was INR 1.5 million and net worth INR 1.2 million.
- Its contribution to consolidated revenue and net worth was 'negligible' / 0%, and the Company states there is no impact on consolidated net worth.
Also from Samvardhana Motherson International
Samvardhana Motherson schedules Q2 FY27 earnings conference call for November 5, 2026 at 1700 hrs IST
23 Oct 2026
Board meeting on November 5, 2026 to approve second quarter and half year results
23 Oct 2026
Interest for eight days and fractional entitlements paid to CCD holders who opted for conversion
16 Oct 2026
More numbers
- Income of Yachiyo Canada, FY2025-26INR 1.5 million
- Net worth of Yachiyo Canada, FY2025-26INR 1.2 million
- Contribution to consolidated revenue and net worth0%
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.