The company seeks to raise funds through bonds/debentures/non-convertible debt securities or through any other permissible mode or any combination thereof.
In an exchange filing the company said, "The meeting of the Board of Directors of the Company is scheduled on 08/02/2023 ,inter alia, to consider and approve Board Meeting Intimation to inter alia, consider a proposal for raising of funds by the Company through issuance of bonds / debentures / non-convertible debt securities or through any other permissible mode."Samvardhana Motherson International is engaged primarily in the manufacture and sale of components to automotive original equipment manufacturers.
The company's consolidated net profit rose 13.6% to Rs 246.43 crore on 29.5% jump in net sales to Rs 18,085.04 crore in Q3 FY23 over Q3 FY22.
The scrip rose 0.53% to Rs 76.30 on the BSE.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve hit your limit of {{free_limit}} free articles this month, subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
and get complimentary access to
Smart Quarterly
₹900
3 Months
₹300/Months/month
Smart Essential
₹2,700
1 Year
₹225/Months/month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Unlimited access to all articles
30+ premium stories daily, handpicked by our editor
Complimentary Access to The New York Times
News, Games, Cooking, Audio
Wirecutter & The Athletic
Complimentary Access to Our e-Paper
Digital replica of our daily newspaper
Read, save, share any article
Curated Newsletters on Diverse Topics
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Smart Investment Tips
In-depth stock analysis & insights
The Smart Investor for wealth growth tips
Access to Extensive Historical Archives
Repository of articles and publications dating back to 1997
Ad-free Reading Experience
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Repository of articles and publications dating back to 1997