Summary of Key Information:

Reporting Period (Quarter/Year): Not Applicable

Nature of Filing / Announcement: Change in Key Managerial Personnel & Senior Management Personnel

Audit Opinion:

Not Specified

Key Financial Highlights:

Not Specified

Standalone Results:

Not Specified

Consolidated Results:

Not Specified

Segment-wise Performance:

Not Specified

Corporate Actions:

Not Specified

Cessation:

  • Mr. Pushkar Patwardhan ceases as Chief Financial Officer and Key Managerial Personnel with effect from close of 19th October 2026
  • Reason: Decision to pursue career opportunity outside Mahindra Group

Appointments:

1. Ms. Manaswini Goel appointed as Chief Financial Officer and Key Managerial Personnel, designated as Interim Chief Financial Officer

  • Effective: 20th October 2026 to 31st December 2026
  • Profile: Current CFO for Aerospace, Advanced Technologies, and Trucks & Buses businesses at Mahindra Group. Previously Group Head - Corporate Finance and Treasury. Chartered Accountant (ICAI and ICAEW), Bachelor's degree in Commerce from Shri Ram College of Commerce, University of Delhi. Played key role in Mahindra's acquisition of stake in SML Isuzu Limited.

2. Mr. Surender Kalra appointed as Chief Financial Officer and Key Managerial Personnel

  • Effective: 1st January 2027
  • Term: Full time
  • Profile: Chartered Accountant with over three decades of experience across finance, governance, business planning, and transformation. Associated with Swaraj business for nearly 30 years, currently Vice President - Finance, Swaraj Division and member of Swaraj Executive Council.

3. Mr. Ashudeep Saddi appointed as Chief Human Resources Officer (CHRO) and Senior Management Personnel

  • Effective: 19th October 2026
  • Profile: MBA in HR from UBS, Chandigarh, and Law Graduate from Panjab University, Chandigarh. Nearly 30 years of HR experience across consumer durables, telecom, FMCG, engineering, and manufacturing sectors. Previously Head HR - International Operations Business Group at Voltas.

Other Significant Information:

  • The changes were made pursuant to Regulation 30 read with Para A(7) of Part A of Schedule III of SEBI Listing Regulations
  • Compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
  • The intimation is being uploaded on company website at http://smlmahindra.com/IN