SML Isuzu Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 26, 2025. Further, the company has informed the Exchange regarding voting results.
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SML Isuzu Limited held its 41st Annual General Meeting on September 26, 2025 via video conferencing, and all 14 resolutions were passed with the requisite majority. Shareholders approved the audited financial statements for FY25 and declared a final dividend of Rs. 18 per equity share (on a face value of Rs. 10). B S R & Co. LLP was appointed as Statutory Auditors, both to fill a casual vacancy from August 2, 2025 and for the new term. Key leadership changes were approved: Mr. Vinod Kumar Sahay was redesignated as Executive Chairman and Dr. Venkataraman Srinivas was appointed as Executive Director & CEO. Three new Independent Directors (Mr. Ravi Venkatraman, Mr. Arun Kumar Malhotra, Ms. Smita Mankad) and one Non-Executive Director (Ms. Mahima Chugh) were appointed. Shareholders also approved a change in the company's name and amendments to the MOA/AOA. Around 60.94% of outstanding shares participated in voting.
The Rs. 18 final dividend is a positive cash return for shareholders and signals management confidence. The board refresh, including a new Executive Chairman and CEO, signals strategic leadership transition. Worth noting that public institutions voted 54.7% against the appointment of Ms. Smita Mankad as Independent Director, indicating some institutional discomfort, though the resolution still passed with overall 99.69% support.