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

SML Isuzu's board has taken significant actions following Mahindra & Mahindra's (M&M) acquisition of a 58.96% stake from Sumitomo Corporation and Isuzu Motors. M&M is now the company's controlling shareholder. Reflecting this shift, the board approved changing the company name to 'SML Mahindra Limited,' subject to approvals. A major leadership reshuffle also occurred, with seven directors resigning and six new directors appointed, including a new Executive Director and CEO, Dr. Venkataraman Srinivas. This marks a new chapter for the company under M&M's strategic direction, signaling potential operational and branding changes ahead.