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

SML Isuzu's Board has approved significant changes following Mahindra & Mahindra's acquisition of 85,33,053 equity shares, representing 58.96% control. Mahindra & Mahindra is now the sole promoter, with Sumitomo Corporation ceasing its promoter status. The company also plans to change its name to SML Mahindra Limited, pending approvals, reflecting the new ownership. Furthermore, a major board overhaul sees six new directors appointed, including Mr. Vinod Kumar Sahay as Executive Director and Dr. Venkataraman Srinivas as Executive Director and CEO, while seven previous directors have resigned due to the change in control. This marks a new era for the company under M&M's leadership.