SML Isuzu Limited — Others, 02-08-2025: Resignation

SML Isuzu's board has approved significant leadership and governance changes. Mr. Vinod Kumar Sahay is the new Executive Chairman. Mr. Rakesh Bhalla will transition from Chief Financial Officer to Advisor, with Mr. Pushkar Patwardhan taking over as CFO from October 1. Mr. Ritesh Agrawal is appointed Chief Operating Officer. Existing auditors, Walker Chandiok & Co LLP, resigned due to independence concerns after the company became a Mahindra & Mahindra subsidiary. B S R & Co. LLP has been appointed as the new statutory auditor, initially filling the vacancy and then for a five-year term, pending shareholder approval. This signals a major organizational overhaul.