SML Mahindra Limited has informed the Exchange regarding Cessation of Dr. Venkataraman Srinivas (DIN: 11163042) as Executive Director & Chief Executive Officer of the Company with effect from the close of 30th June, 2026 on account of his transition to a new role within the Mahindra Group. Consequently, he will cease to be a Director and Key Managerial Personnel of the Company under the Companies Act, 2013 and the SEBI Listing Regulations with effect from the said date.
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Dr. Venkataraman Srinivas (DIN: 11163042) will step down as Executive Director & Chief Executive Officer of SML Mahindra Limited effective from the close of 30th June 2026. The reason given is his transition to a new role within the Mahindra Group, suggesting an internal group-level move rather than a departure from the group altogether. Consequently, he will also cease to be a Director and Key Managerial Personnel (KMP) of the company under the Companies Act, 2013 and SEBI Listing Regulations from the same date. The company has not yet announced his successor in this filing.
Short-term uncertainty is possible as the CEO transition may temporarily affect strategic continuity, but since the move is internal to the Mahindra Group, it is likely seen as a routine reshuffle with limited negative impact on shareholders.