SML Isuzu Limited — Board Meeting, 26-04-2025: Outcome of Board Meeting

The Board of Directors has authorized a share purchase agreement (SPA 1) with Sumitomo Corporation for the acquisition of 6,362,306 equity shares, representing 43.96% of the company’s equity, at ₹650 per share. Additionally, another agreement (SPA 2) with Isuzu Motors for the purchase of 2,170,747 shares, representing 15% of the equity, was also approved under similar terms. Both transactions are contingent on customary conditions, including CCI approval, and will trigger an open offer to public shareholders. Upon completion, the purchaser will gain control and become the new promoter, while existing promoters will be reclassified as public.