SML Isuzu Limited has informed the Exchange regarding Resignation of Mr. Ryusuke Miyake as Non- Executive Director 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%) of SML Isuzu from Sumitomo Corporation (43.96%) and Isuzu Motors (15%), becoming the new sole promoter while Sumitomo ceases 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. Six new directors were appointed, including Dr. Venkataraman Srinivas as Executive Director & CEO and Mr. Vinod Kumar Sahay as Executive Director, both designated as KMPs, alongside three independent directors and one non-executive non-independent director. Seven directors stepped down — the MD & CEO, four Sumitomo/Isuzu nominee directors, and two independent directors — all citing the change in control.
This is a landmark ownership change for SML Isuzu, moving from Japanese joint control (Sumitomo-Isuzu) to full Mahindra Group control, which may unlock synergies with Mahindra's automotive operations but also brings significant governance and strategic shifts. Shareholders should expect closer integration with Mahindra's vehicle business, a refreshed leadership team, and eventual rebranding to SML Mahindra.