Yutaka Giken Co.,Ltd.
Notice on the Conclusion of a Share Transfer Agreement Involving a Change in Consolidated Subsidiaries (Disclosure Item Progress)
A share transfer agreement was concluded on March 10, 2026, to transfer all 111,799,999 shares of consolidated subsidiary Yutaka Autoparts India Private ltd. to Samvardhana Motherson International Limited, with the transfer scheduled for March 16, 2026.
Key Figures
- Number of shares transferred: 111,799,999 shares (All shares of YAI)
- Transfer price: Not disclosed
- Share transfer agreement date: 2026-03-10
AI要約
Overview of Share Transfer
Yutaka Giken Co., Ltd. entered into a share transfer agreement on March 10, 2026, to transfer all 111,799,999 shares (99.9999991% voting rights) of its consolidated subsidiary Yutaka Autoparts India Private ltd. (YAI) to Samvardhana Motherson International Limited (Motherson) or its wholly owned subsidiary. The transfer price is undisclosed due to a confidentiality agreement. The transfer execution date is scheduled for March 16, 2026.
Background and Future Outlook of the Transfer
This transfer is part of a tender offer aimed at privatization of the company and consolidation as a subsidiary by Motherson Global. Due to foreign investment regulations in India requiring approval from Indian authorities for Motherson Global’s acquisition of the company's shares, the transfer of YAI shares is being conducted ahead of schedule to enhance the certainty of securing such approval. The impact of this share transfer on the company's consolidated financial results is currently being examined and will be promptly disclosed as necessary.
