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SML Isuzu's Board confirmed Mahindra & Mahindra (M&M) has acquired 8,533,053 equity shares, representing 58.96% of the company's share capital, thus gaining sole control and becoming the new promoter. Reflecting this shift, the company aims to change its name to 'SML Mahindra Limited'. Significant board changes include the appointment of Mr. Vinod Kumar Sahay as Executive Director and Dr. Venkataraman Srinivas as Executive Director and CEO, alongside four new directors. Seven previous directors, including the former MD & CEO, resigned due to the change in company control, marking a strategic transition for the firm.