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

SML Isuzu's board has recorded Mahindra & Mahindra's acquisition of 8,533,053 equity shares, representing 58.96% of the company's capital from Sumitomo Corporation and Isuzu Motors. This transaction makes M&M the new promoter, granting it sole control. The board has also approved changing the company's name to "SML Mahindra Limited," pending necessary approvals. Concurrently, seven directors have resigned due to the change in control, and six new directors have been appointed, including Executive Directors and a new Chief Executive Officer from the Mahindra Group, signaling a significant shift in leadership and strategic direction.