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

SML Isuzu's board has approved a significant ownership change with Mahindra & Mahindra (M&M) acquiring 58.96% of the company's equity shares, making M&M the new sole promoter. This strategic shift will also lead to the company's name changing from "SML Isuzu Limited" to "SML Mahindra Limited," pending necessary approvals. Concurrently, the board appointed six new directors, including Mr. Vinod Kumar Sahay as Executive Director and Dr. Venkataraman Srinivas as Executive Director and CEO. Seven existing directors, including the former MD & CEO, have resigned, reflecting the change in control.