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

SML Isuzu has announced key outcomes from its board meeting. Mahindra & Mahindra (M&M) has finalized its acquisition of 85,33,053 equity shares, representing 58.96% of SML Isuzu, taking sole control and becoming the new promoter. Following this, the company plans to change its name to SML Mahindra Limited, pending necessary approvals. The board also approved the appointment of new directors, including Mr. Vinod Kumar Sahay as Executive Director and Dr. Venkataraman Srinivas as Executive Director and CEO. Several previous directors, including the former MD and CEO, have resigned, signifying a complete management transition. This marks a strategic shift for the company under M&M's leadership.