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

SML Isuzu Limited's board has approved major changes following Mahindra & Mahindra (M&M) acquiring 58.96% of its share capital from Sumitomo Corporation and Isuzu Motors. M&M is now the sole promoter. The company's name will change to SML Mahindra Limited, pending approvals. The board also saw significant restructuring: a new CEO, Dr. Venkataraman Srinivas, was appointed, along with five other directors. Seven directors, including the former MD & CEO and nominees from Sumitomo and Isuzu, have resigned. These moves signal a new era under M&M's control, impacting future strategy and operations.