Samvardhana Motherson shares soar over 3% as board approves JV; interim dividend declared

The stock surged as its board of directors approved executing a joint venture (JV) agreement with Hellmann Worldwide Logistics (MESA) Holding Limited. Furthermore, it declared an interim dividend for FY26.

The scrip was trading 1.24% higher at ₹113.14 per equity share as of 11:11 AM.

The stock has declined nearly 1% in the past week and about 13% over the month. On a year-to-date basis, it has fallen approximately 8%.

While the share hit a 52-week high of ₹136.15 on February 27, 2026, it touched a year’s low of ₹71.50 per unit on April 7, 2025.

SAMIL executes JV agreements

In a regulatory filing dated March 19, the company said that at a meeting on Thursday, its board approved the execution of a JV agreement with Hellmann Worldwide Logistics (MESA) Holding Limited, a company duly incorporated and existing under the laws of Dubai International Financial Centre, United Arab Emirates (UAE).

It added that the strategic relationship will be operationalised through the establishment of a new joint venture in Dubai, UAE, with SAMIL holding a 51% stake and Hellmann holding the remaining 49% stake.

It noted that the JV company (JVC) will be incorporated with an authorised share capital of $10 million (or equivalent to AED 36.72 million) and paid-up share capital of $1 million (or about AED 3.67 million) based on the business requirements.

The firm added that both parties to the joint venture will subscribe to paid-up share capital in their respective shareholding ratio.

Under the strategic partnership, SAMIL, via its logistics solution division, will provide supply chain solutions to the automotive industry and support customers with essential logistics requirements.

“The collaboration, inter alia, aims to bring greater resilience, efficiency, and stability to supply chains by providing integrated third-party and fourth-party logistics services globally (excluding Japan),” it said.

Board declares dividend

In a separate regulatory filing dated Thursday, SAMIL stated that its board approved the declaration of an interim dividend of ₹0.35 per equity share, with a face value of ₹1 each, for the 2025-26 financial year (FY26) to the equity shareholders of the firm.

Furthermore, it fixed Friday, March 27, 2026, as the record date for the payment of the aforementioned interim dividend.

SAMIL has a total market capitalisation of ₹1.19 lakh crore, as of March 20, 2026, according to data on the NSE.