Notice to 6.50% CCD Holders: Entitlement Date September 30, 2026 and Conversion Procedure

The company has notified holders of its 6.50% CCDs (face value ₹1,00,000 each; 1,50,000 CCDs issued at ₹1,00,000 each) that the Entitlement Date is September 30, 2026.

Mon 21 Sep 2026

CCDs Issued

1,50,000 CCDs at ₹1,00,000 face value each

Coupon Rate

6.50%

Entitlement Date

September 30, 2026

First Conversion Window

October 1–7, 2026, conversion on October 8, 2026

What are the terms?

📌 What was shared

The company shared with the exchanges a notice sent to holders of its 6.50% unsecured, unrated, listed Compulsorily Convertible Debentures (CCDs), explaining when and how they can convert into equity shares.

🔢 The issue

• 1,50,000 CCDs were allotted to eligible qualified institutional buyers on September 20, 2024.
• Face value and issue price: ₹1,00,000 per CCD.
• Coupon: 6.50%.
• Equity shares on conversion have face value of ₹1 each.

🗓️ Timeline

• Entitlement Date: September 30, 2026 — conversion possible on or after this date.
• First window: October 1, 2026 to October 7, 2026, indicative Conversion Date October 8, 2026.
• Further windows in the first 7 days of January, April and July 2027, each with conversion on the 8th day.
• Maturity Date: September 20, 2027 — any CCDs still outstanding convert compulsorily and automatically, with no action from the holder.
• If a Conversion Date is a trading holiday, the next trading day applies.

💰 Conversion Price

The price is the higher of (i) a price at a discount of 13.83% to the conversion VWAP and (ii) the floor price of ₹188.85 per equity share, subject to a discount of up to 5% as the Board or its committee may decide, and never below the Equity Issue Price of Rs. 190/- per share. The conversion VWAP is the volume weighted average price on NSE over the 7 trading days preceding the relevant date. After the bonus issue in the ratio 1:2 (record date July 18, 2025), the number of shares issuable and the price parameters stand proportionately adjusted, and the minimum Conversion Price stands adjusted to ₹126.67 per equity share.

⚙️ How conversion works

• Holders may convert all or part of their CCDs; notices received in a window are clubbed together.
• Interest accrued but unpaid is paid within 7 working days from the Conversion Date.
• Fractional amounts are paid in cash within 7 working days from the Conversion Date.
• New shares are credited in demat form and will rank pari passu with existing equity shares, including for dividend and voting.
• Conversion notices are irrevocable; incomplete notices are liable to be rejected. Documents go to SAMIL.CCD@motherson.com followed by physical copies.

👀 Why investors watch this

Conversion of CCDs adds new equity shares, so the share count rises as and when holders convert. The final number of shares depends on the Conversion Price determined by the formula above at each window.

Not investment advice. ScoutQuest reports what companies say.