SML Isuzu Limited has informed the Exchange regarding Resignation of Mr. Takahiro Jitosho 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 a 58.96% stake in SML Isuzu Limited (43.96% from Sumitomo Corporation and 15% from Isuzu Motors) on August 1, 2025, becoming the new sole promoter of the company. Sumitomo has ceased to be the promoter. The company will be renamed 'SML Mahindra Limited' subject to MCA/ROC approval. The board saw a major reshuffle: 7 directors resigned (including MD & CEO Yasushi Nishikawa and all Sumitomo/Isuzu nominees, plus 2 independent directors), and 6 new directors were appointed. Dr. Venkataraman Srinivas was named the new CEO (from within the Mahindra Group), and Mr. Vinod Kumar Sahay was appointed Executive Director. New independent directors Mr. Arun Kumar Malhotra, Ms. Smita Mankad, and Mr. Ravi Venkatraman were also inducted.
This is a landmark ownership change that brings SML Isuzu fully under the Mahindra umbrella, giving shareholders a re-branded Mahindra-owned commercial vehicle entity with strengthened group leadership. The stock may see re-rating as M&M consolidates the business, though the name change and leadership transition could bring short-term volatility.