Key Quantitative Figures

  • Total Shareholders on Record Date (31st July 2026): 37,312
  • Total Outstanding Shares: 14,471,646
  • Resolution 1 Total Votes Polled: 1,937,847 shares (13.3906% of outstanding shares)
  • Resolution 1 Votes in Favor: 1,937,573 shares (99.9859% of votes polled)
  • Resolution 1 Votes Against: 274 shares (0.0141% of votes polled)
  • Resolution 2 Total Votes Polled: 1,937,696 shares (13.3896% of outstanding shares)
  • Resolution 2 Votes in Favor: 1,937,422 shares (99.9859% of votes polled)
  • Resolution 2 Votes Against: 274 shares (0.0141% of votes polled)

Dates of Action

  • Postal Ballot Notice Date: 7th August 2026
  • Remote E-voting Period: Saturday, 8th August 2026 at 9:00 AM IST to Sunday, 6th September 2026 at 5:00 PM IST
  • Scrutinizer Report Date: 7th September 2026
  • Deemed Passing Date: 6th September 2026 (last date of remote e-voting)

Parties Involved

  • Related Party: Mahindra & Mahindra Limited
  • Scrutinizer: Mr. Kanwaljit Singh Thanewal, Practicing Company Secretary (Membership No: 5901; CP No. 5870)
  • Exchanges Notified: BSE Limited (Scrip Code: 505192) and National Stock Exchange of India Ltd. (Scrip Code: SMLMAH)

Resolution Details

Resolution 1: Acquisition Approval

  • Description: To approve Material Related Party Transaction in connection with the acquisition of the truck and bus division of Mahindra & Mahindra Limited on a slump sale basis
  • Resolution Type: Ordinary Resolution
  • Promoter Interest: Yes (promoter/promoter group interested)
  • Voting Breakdown by Category:
  • Promoter and Promoter Group: 8,533,726 shares held, 0 votes polled (0.0000%)
  • Public Institutions: 821,500 shares held, 556,676 votes polled (67.7634%), 100% in favor
  • Public Non-Institutions: 5,116,420 shares held, 1,381,171 votes polled (26.9949%), 99.9802% in favor

Resolution 2: Ongoing Transactions Approval

  • Description: To approve Material Related Party Transactions with Mahindra & Mahindra Limited
  • Resolution Type: Ordinary Resolution
  • Promoter Interest: Yes (promoter/promoter group interested)
  • Voting Breakdown by Category:
  • Promoter and Promoter Group: 8,533,726 shares held, 0 votes polled (0.0000%)
  • Public Institutions: 821,500 shares held, 556,676 votes polled (67.7634%), 100% in favor
  • Public Non-Institutions: 5,116,420 shares held, 1,381,020 votes polled (26.9919%), 99.9802% in favor

Scrutinizer's Report Details

  • Scrutinizer Appointment: Board of Directors meeting held on 29th July 2026
  • Legal Basis: Section 110 of Companies Act 2013 and Rule 22(9) of Companies (Management and Administration) Rules 2014
  • Voting Methodology: Remote e-voting provided by National Securities Depository Limited (NSDL)
  • Advertisement Published: Financial Express, Indian Express (English), and Ajit (Punjabi) on 8th August 2026

Resolution 1 Scrutinizer Results:

  • Total Members Voted: 235
  • Total Shares Voted: 1,937,847
  • Members Voting in Favor: 228
  • Shares Voting in Favor: 1,937,573 (99.99% of valid votes)
  • Members Voting Against: 7
  • Shares Voting Against: 274 (0.01% of valid votes)
  • Invalid Votes: None

Resolution 2 Scrutinizer Results:

  • Total Members Voted: 236
  • Total Shares Voted: 1,937,696
  • Members Voting in Favor: 229
  • Shares Voting in Favor: 1,937,422 (99.99% of valid votes)
  • Members Voting Against: 7
  • Shares Voting Against: 274 (0.01% of valid votes)
  • Invalid Votes: None

Disclosure and Record Keeping

  • The results have been uploaded to the company's website (https://smlmahindra.com/IN) and NSDL (https://www.evoting.nsdl.com/)
  • The scrutinizer will maintain custody of voting records until the Chairman approves and signs the minutes

Financial Impact

Financial impact not quantified in the disclosure.