Outcome of Board Meeting

SML Mahindra Limited Trucks & Buses Regd. Office & Works: Village Asron, Distt. Shahid Bhagat Singh Nagar (Nawanshahr) Punjab – 144533 Tel +91 1881 270155 SML/SEC/2026-27-029 30th June, 2026 Dy. General Manager- The Secretary, Corporate Relationship Department National Stock Exchange of India Ltd. BSE Limited Exchange Plaza, 5th Floor, P.J Towers, Plot no. C/1, G Block Dalal Street Fort, Bandra- Kurla Complex Mumbai-400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 505192 Scrip Code: SMLMAH Sub: Outcome of Board Meeting - Regulation 30 of SEBI (LODR) Regulations, 2015 Ref: SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”) and SEBI Master Circular No. HO/49/14/14(7) 2025-CFD-POD2/I/3762/2026 dated 30th January 2026 (“SEBI LODR Master Circular”) Dear Sir/Ma’am This is to inform that the Board of Directors of SML MAHINDRA LIMITED (“the Company”) at its meeting held today i.e. 30th June, 2026, based on the recommendation of Audit Committee, inter alia, took note of / approved the following: - Cessation of Mr. K. N. Vaidyanathan as the Internal Auditor of the Company, with effect from the close of business hours on 30th June 2026, upon conclusion of his term as the Group Chief Internal Auditor of Mahindra & Mahindra Limited, Holding Company. - Appointment of Mr. Vimal Agarwal as the Internal Auditor of the Company with effect from 1st July, 2026, who has been appointed as the Group Chief Internal Auditor of Mahindra & Mahindra Limited, Holding Company, effective 1st July, 2026. The details as required under the SEBI LODR Master Circular, are attached as “Annexure A” to this intimation. The Board meeting commenced at 11:00 AM and concluded at 11:15 AM. This intimation is also being uploaded on the Company’s website at https://smlmahindra.com/ . The above is for your information and records. Yours faithfully, For SML MAHINDRA LIMITED (Formerly SML ISUZU Limited) (PARVESH MADAN) Company Secretary & Compliance Officer pmadan@smlmahindra.com ACS-31266 SML Mahindra Limited (Formerly SML Isuzu Limited) Corporate Office: 1st Floor, T-7 Tech Park, C-119, Industrial Area Phase-7, SAS Nagar (Mohali) – 160055 (Punjab), Telephone 0172 - 2647700-02 CIN No. L50101PB1983PLC005516 Website: www.smlmahindra.com SML Mahindra Limited Trucks & Buses Regd. Office & Works: Village Asron, Distt. Shahid Bhagat Singh Nagar (Nawanshahr) Punjab – 144533 Tel +91 1881 270155 Annexure A Details of Mr. K. N. Vaidyanathan Sr. Details of Events that need to be Information of such event(s) No. provided a) reason for change viz. appointment, Cessation of Mr. K. N. Vaidyanathan as the Internal resignation, removal, death or otherwise Auditor of the Company, with effect from the close of business hours on 30th June 2026, upon conclusion of his term as the Group Chief Internal Auditor of Mahindra & Mahindra Limited, Holding Company. b) date of appointment/ cessation (as Cessation with effect from close of business hours on applicable) & term of appointment; 30th June 2026 c) brief profile (in case of appointment); Not Applicable d) disclosure of relationships between Not Applicable directors (in case of appointment of a director); e) Information as required pursuant to Not Applicable BSE Circular with ref. no. LIST/ COMP/ 14/ 2018-19 and the National Stock Exchange of India Ltd with ref. no. NSE/ CML/ 2018/24, dated 20th June, 2018. SML Mahindra Limited (Formerly SML Isuzu Limited) Corporate Office: 1st Floor, T-7 Tech Park, C-119, Industrial Area Phase-7, SAS Nagar (Mohali) – 160055 (Punjab), Telephone 0172 - 2647700-02 CIN No. L50101PB1983PLC005516 Website: www.smlmahindra.com SML Mahindra Limited Trucks & Buses Regd. Office & Works: Village Asron, Distt. Shahid Bhagat Singh Nagar (Nawanshahr) Punjab – 144533 Tel +91 1881 270155 Details of Mr. Vimal Agarwal Sr. Details of Events that need to be provided Information of such event(s) a) reason for change viz. appointment, Appointment of Mr. Vimal Agarwal as the Internal resignation, removal, death or otherwise Auditor of the Company with effect from 1st July 2026. b) date of appointment/ cessation (as Appointment is effective from 1st July 2026. applicable) & term of appointment; c) brief profile (in case of appointment); Mr. Vimal Agarwal is a Chartered Accountant and MBA with 25 years of experience in finance, governance, and business strategy across multinational corporations and listed Indian entities. He is recognized for strengthening governance frameworks, enhancing internal controls, and enabling Boards and leadership teams in shaping and executing growth strategies. During his tenure at PepsiCo India, Mr. Agarwal advanced through multiple leadership roles, driving financial operations, planning & analytics, and supply chain finance while embedding strong internal controls and governance practices. After joining Mahindra Lifespaces as CFO, he had partnered with business leaders to scale sales, increase market capitalization while leading fundraising, digitalization, and private equity joint ventures. As CFO of Mahindra Holidays & Resorts, over the last 2 years, he has enabled a comprehensive growth strategy and leveraged his expertise in financial planning, investor relations, and performance optimization. d) disclosure of relationships between directors Not Applicable (in case of appointment of a director); e) Information as required pursuant to Not Applicable BSE Circular with ref. no. LIST/ COMP/ 14/ 2018-19 and the National Stock Exchange of India Ltd with ref. no. NSE/ CML/ 2018/24, dated 20th June, 2018. SML Mahindra Limited (Formerly SML Isuzu Limited) Corporate Office: 1st Floor, T-7 Tech Park, C-119, Industrial Area Phase-7, SAS Nagar (Mohali) – 160055 (Punjab), Telephone 0172 - 2647700-02 CIN No. L50101PB1983PLC005516 Website: www.smlmahindra.com