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

SML Isuzu's board has recorded Mahindra & Mahindra's acquisition of 85,33,053 equity shares, representing 58.96% of the company, making M&M the new promoter with sole control. The board also approved changing the company's name to SML Mahindra Limited, pending necessary approvals. Additionally, new directors, including Mr. Vinod Kumar Sahay and Dr. Venkataraman Srinivas (appointed Executive Director and CEO, respectively), were appointed. Seven previous directors resigned, reflecting the significant shift in company control and management alignment with Mahindra's vision.