SS.M. Auto Industries, is a partnership firm, between Paridhi Minda (holds 37.50%), Suman Minda (holds 50.00%) and Sanjeev Garg (holds 12.50%). It is engaged in Manufacturing of automotive bulbs and Lever/yoke.

SThe Board approved the investment upto Rs. 3.21 crore in S.M. Auto Industries for acquisition of 37.50% stake from Paridhi Minda and 50.00% stake from Suman Minda. Post this acquisition, MIL will hold 87.50% stake in S.M. Auto Industries.

The transaction is expected to be completed on or before 31 March 2022.