SML Isuzu Limited — Others, 01-08-2025: Appointment

SML Isuzu's board has approved significant changes following Mahindra & Mahindra (M&M) acquiring 58.96% equity, giving M&M sole control and reclassifying them as the new promoter. The company's name will change to "SML Mahindra Limited," pending approvals. This strategic shift sees the previous promoter, Sumitomo, stepping down. The board also appointed six new directors, including Mr. Vinod Kumar Sahay as Executive Director and Dr. Venkataraman Srinivas as Executive Director and CEO, replacing seven outgoing directors. This signifies a complete management overhaul under M&M's leadership, setting a new direction for the company.