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

SML Isuzu's board has recorded the completion of Mahindra & Mahindra's (M&M) acquisition of 58.96% equity shares from Sumitomo and Isuzu Motors. M&M is now the sole promoter, signifying a major ownership transition. The company's name will change to 'SML Mahindra Limited,' pending necessary approvals, to reflect this new chapter. A new leadership team has been appointed, including a new Executive Director and CEO, alongside other non-executive directors, replacing the outgoing board members. This comprehensive corporate restructuring signals a fresh strategic direction for the company under M&M's leadership.