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SML Isuzu has announced a major corporate overhaul following Mahindra & Mahindra's (M&M) acquisition of 58.96% of its share capital from Sumitomo Corporation and Isuzu Motors. M&M now holds sole control, becoming the new promoter. The company's board has approved changing its name to 'SML Mahindra Limited,' pending necessary approvals. This strategic shift includes the appointment of six new directors, including new Executive Directors and a CEO, aligning leadership with the new ownership. Seven previous directors have stepped down, signaling a complete transition in company management and strategic direction.