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

SML Isuzu Limited has finalized the transfer of 85,33,053 equity shares (58.96% of its capital) to Mahindra & Mahindra (M&M), making M&M the new sole promoter. The board has approved renaming the company to "SML Mahindra Limited," pending approvals. This transition also brought a significant board overhaul: seven directors resigned, and six new directors were appointed, including Mr. Vinod Kumar Sahay as Executive Director and Dr. Venkataraman Srinivas as Executive Director & CEO. A new chapter begins under M&M's leadership.