The Board of Directors of SML Isuzu Limited convened on 21st March 2025 in New Delhi to deliberate and approve key management changes, ensuring a smooth transition in leadership. These changes, effective from April 2025, mark a significant restructuring aimed at enhancing the company’s growth and operational efficiency.

Resignation of Mr. Junya Yamanishi

The board accepted the resignation of Mr. Junya Yamanishi, Managing Director and CEO (DIN No. 09174162), effective from 16th April 2025 (end of business hours). Mr. Yamanishi’s resignation is due to a change in his position at Sumitomo Corporation, Japan, the company’s promoter. During his tenure, Mr. Yamanishi contributed significantly to SML Isuzu’s growth and operational success.

In his resignation letter dated 13th March 2025, he expressed gratitude towards the Board and colleagues for their cooperation and support during his tenure. He also conveyed best wishes for the company’s continued progress.

Appointment of Mr. Yasushi Nishikawa as MD & CEO

To ensure smooth leadership transition, the Board approved the appointment of Mr. Yasushi Nishikawa as an Additional Director (Category: Non-Independent and Executive) and as the Managing Director & CEO of the company, effective from 17th April 2025. His appointment is subject to:

• Issuance of DIN by the Ministry of Corporate Affairs (MCA), Government of India.
• Approval from the Shareholders and the Central Government, if required.

Profile of Mr. Yasushi Nishikawa

Mr. Nishikawa brings 38 years of extensive global experience with Sumitomo Corporation, having worked across Japan and Mexico. His expertise includes leadership in Automotive Manufacturing, Business Development, Aerospace, and Planning & Coordination.

Key Positions Held by Mr. Nishikawa:

• July 2004 – Sept 2008: General Manager, Automotive Dept., Sumitomo Corporation de Mexico S.A. de C.V.
• Dec 2011 – Mar 2015: Executive Vice President & CFO, Mazda Motor Manufacturing de Mexico S.A. de C.V.
• Apr 2018 – Mar 2021: President, Sumitomo Corporation de Mexico S.A. de C.V.

Currently, Mr. Nishikawa serves as Assistant to General Manager, Aerospace Defense & Technology SBU and Sumitomo Precision Products Co., Ltd. His diverse experience makes him well-positioned to drive SML Isuzu’s strategic vision.

Re-appointment of Mr. Anuj Kumar Sethi as AVP

The Board also approved the re-appointment of Mr. Anuj Kumar Sethi as Associate Vice President (AVP) – Corporate Planning, IT and Special Application Cell for one year, effective from 1st April 2025. Mr. Sethi, a seasoned mechanical engineer with over 35 years of experience in the commercial vehicle industry, will continue his responsibilities post superannuation on 31st March 2025.

Profile of Mr. Anuj Kumar Sethi

A graduate from Malaviya Regional Engineering College (now MNIT Jaipur), Mr. Sethi has held diverse leadership roles in Marketing, Sales, Production, Quality Management, and Corporate Planning. He joined SML Isuzu in 1988 as an Engineer Trainee and steadily rose through various departments.

In his current role, he spearheads corporate planning, digital transformation, and specialized vehicle applications. His re-appointment ensures continuity in driving the company’s strategic objectives and innovation efforts.

Compliance with SEBI and Disclosure Regulations

The decisions taken during the Board Meeting have been disclosed in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.Conclusion

These strategic changes reflect SML Isuzu’s commitment to strong governance and smooth leadership transitions. The appointments of Mr. Nishikawa and Mr. Sethi position the company to maintain operational excellence and drive future growth. The company’s adherence to regulatory standards ensures transparency and shareholder confidence in its leadership decisions.

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