The Board of Directors of SML Mahindra Limited held a meeting on 6th November, 2026, which commenced at 11:30 AM and concluded at 12:03 PM. The Board approved the raising of funds through a rights issue of fully paid-up equity shares with a face value of Rs. 10 each, for an amount not exceeding Rs. 1450 crore (Rupees One Thousand Four Hundred and Fifty Crore). The rights issue is intended for eligible equity shareholders as on a record date that is to be determined and notified subsequently.
The issuance is subject to receipt of regulatory and statutory approvals, including those under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.
The Board or a Rights Issue Committee will decide and approve the detailed terms and conditions of the rights issue, such as the issue price, rights entitlement ratio, record date, issue period, timing and terms of payment, and any other incidental matters.
Annexure A provides additional disclosures:
- Type of securities: Equity Shares
- Type of issuance: Rights Issue
- Total amount: Not exceeding Rs. 1450 crore
- The number of securities and issue price will be determined after receiving in-principle approval from the stock exchanges.
The company's corporate office is at 1st Floor, T-7 Tech Park, C-119, Industrial Area Phase-7, SAS Nagar (Mohali) – 160055, Punjab, with CIN No. L50101PB1983PLC005516.
The letter is signed by Parvesh Madan, Company Secretary & Compliance Officer (ACS-31266), on 6th November, 2026 at 12:17:56 +05:30.