SML Isuzu Limited has informed the Exchange regarding Appointment of Mr. Dr. Venkataraman Srinivas as Chief Executive Officer of the company w.e.f. August 01, 2025.
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Mahindra & Mahindra (M&M) has completed the acquisition of 85,33,053 equity shares (58.96% stake) in SML Isuzu from Sumitomo Corporation (43.96%) and Isuzu Motors (15%), becoming the sole promoter with effect from August 1, 2025. Sumitomo has ceased to be a promoter. The board has approved changing the company name from 'SML Isuzu Limited' to 'SML Mahindra Limited', subject to MCA/RoC approval. The entire board was reconstituted: 6 new directors were inducted (mostly from the Mahindra Group ecosystem), and 7 outgoing directors resigned, including MD & CEO Yasushi Nishikawa. Dr. Venkataraman Srinivas (a 35-year automotive veteran with 11 years at Mahindra Group) has been appointed as the new Executive Director & CEO for a 3-year term ending July 31, 2028.
M&M now has full operational control, which could mean deeper product, technology and distribution synergies with the Mahindra commercial vehicle business. The name change and leadership overhaul signal a strategic rebranding aligned with the Mahindra identity, while the short-term stock may see volatility around the open offer and reclassification of promoter status.