SML MAHINDRA : BOARD APPROVES RIGHTS ISSUE WORTH UP TO RS 1450 CR

• Board approved raising funds via rights issue of fully paid-up equity shares to eligible shareholders, for an amount not exceeding ₹1450 Cr • Board meeting scheduled on 13 November 2026 to consider issue price, rights entitlement ratio, letter of offer and record date • Terms to be finalised after receipt of in-principle approval from stock exchanges and other regulatory authorities • Company was formerly known as SML Isuzu Limited; scrip codes 505192 (BSE) and SMLMAH (NSE) Impact: Neutral (Large ₹1450 Cr rights issue funds the company but terms, pricing and dilution are yet to be decided)

SML Mahindra Ltd

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