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

SML Isuzu's board has approved a major ownership transition: Mahindra & Mahindra has acquired 85,33,053 equity shares, a 58.96% stake from Sumitomo Corporation and Isuzu Motors, gaining sole control and becoming the new promoter. Sumitomo Corporation is no longer a promoter. The company plans to change its name to 'SML Mahindra Limited', pending necessary approvals. This strategic shift also brings significant board restructuring, with seven directors resigning and six new members, including a new Executive Director and CEO, joining to align with the new leadership.