SML Isuzu Limited has informed the Exchange regarding Resignation of Ms. Atima Khanna as Non- Executive Independent Director of the company w.e.f. August 01, 2025.
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Mahindra & Mahindra Limited has completed the takeover of SML Isuzu Limited on August 1, 2025, acquiring 85,33,053 equity shares (58.96%) from Sumitomo Corporation (43.96%) and Isuzu Motors (15%). M&M is now the sole promoter of the company, replacing Sumitomo. The board has approved changing the company's name from 'SML Isuzu Limited' to 'SML Mahindra Limited', pending MCA approval. Seven directors resigned—including MD & CEO Mr. Yasushi Nishikawa (Sumitomo nominee), four other Sumitomo/Isuzu nominees, and two independent directors (Ms. Atima Khanna and Mr. Sanjeev Mehan). Six new directors were appointed, including Dr. Venkataraman Srinivas as new CEO and Mr. Vinod Kumar Sahay as Executive Director, both from the Mahindra Group.
This is a major ownership change — M&M now controls the company, which will be rebranded as SML Mahindra Limited. Existing shareholders should expect strategic shifts aligned with Mahindra's auto business, potential synergies in commercial vehicles, and a new leadership team taking charge. The stock could see re-rating based on Mahindra's scale and distribution strengths.