Outcome of Board Meeting

SML Mahindra Limited Trucks & Buses Regd. Office & Works: Village Asron, Dis(cid:425). Shahid Bhagat Singh Nagar (Nawanshahr) Punjab – 144533 Tel +91 1881 270155 SML/SEC/2026-27- 062 19th October, 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 Dear Sirs, Subject : Outcome of Board Meeting - Regulation 30 of SEBI (LODR) Regulations, 2015 Dear Sir(s), This is to inform you that the Board of Directors of the Company at its Meeting held today i.e. 19th October, 2026 (Monday) have approved the Un-audited Financial Results for the second quarter and half year ended on 30th September, 2026. A copy of the Un-audited Financial Results along with Limited Review Report issued by the Statutory Auditors of the Company is enclosed herewith. This intimation is also being uploaded on the website of the Company http:// smlmahindra.com. The Board meeting commenced at 03:25 P.M. and concluded at 03:58 P.M. You are requested to kindly take note of the above information on your records. Thanking you, For SML Mahindra Limited (formerly SML Isuzu Limited) (PARVESH MADAN) Company Secretary & Compliance Officer madan.parvesh@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 (Formerly SML Isuzu Limited) Regd. Office : Village Asron, Distt. Shahid Bhagat Singh Nagar (Nawanshahr) - 144 533, Punjab CI;N : L50101PB1983PLC005516, Website: https://smlmahindra.com/, Email id : investors@smlmahindra.com, T : 91 1881 270155, F: 91 1881 270223 STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER 2026 (Rupees in crores, except for per share data unless otherwise stated) Quarter ended Half year ended Year ended S.No.Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 31.03.2026 Unaudited Audited 1 INCOME a) Revenue from operations 669.79 957.54 555.11 1,627.33 1,401.00 2,837.92 b) Other income 1.60 1.19 2.12 2.79 4.18 8.32 Total Income (1) 671.39 958.73 557.23 1,630.12 1,405.18 2,846.24 2 EXPENSES a) Cost of materials consumed 523.34 622.39 448.05 1,145.73 1,018.37 2,139.16 b) Purchases of stock-in-trade 25.83 32.00 24.14 57.83 50.36 100.04 c) Changes in inventories of finished goods, work-in-progress (22.52) 89.38 (52.18) 66.86 (6.10) (72.20) and stock-in-trade d) Employee benefits expense 67.25 68.91 56.73 136.16 114.70 227.58 e) Finance cost 0.90 2.74 2.87 3.64 7.96 20.74 f) Depreciation and amortisation expense 13.36 13.27 12.89 26.63 25.32 52.03 g) Other expenses 47.38 44.76 36.45 92.14 76.74 164.94 Total Expenses (2) 655.54 873.45 528.95 1,528.99 1,287.35 2,632.29 3 Profit before tax (1-2) 15.85 85.28 28.28 101.13 117.83 213.95 4 Tax expense - Current tax 4.70 24.16 6.94 28.86 31.16 52.51 - Deferred tax (0.55) (2.50) 0.29 (3.05) (1.34) 1.69 5 Profit for the period/year (3-4) 11.70 63.62 21.05 75.32 88.01 159.75 6 Other Comprehensive Income (i) Items that will not be reclassified to Profit or Loss - Remeasurements of the defined benefit plans (0.50) (0.50) (0.54) (1.00) (1.07) 3.98 (ii) Income tax related to items that will not be reclassified to Profit or Loss 0.14 0.12 0.14 0.26 0.27 (1.00) 7 Total Comprehensive Income for the period/year (5+6) 11.34 63.24 20.65 74.58 87.21 162.73 8 Paid-up equity share capital (face value Rs. 10 per share) 14.48 14.48 14.48 14.48 14.48 14.48 9 Other equity 504.86 Basic and diluted earnings per share in Rs. (not annualised for the 10 8.09 43.96 14.55 52.05 60.82 110.39 quarters and half years) See accompanying notes to the unaudited statement of financial results Statement of Unaudited Assets and Liabilities (Rupees in crores) 30.09.2026 31.03.2026 Particulars Unaudited Audited A. ASSETS 1 Non-current assets Property, plant and equipment 284.63 291.19 Capital work-in-progress 45.21 23.30 Right of use assets 6.72 7.64 Intangible assets 30.15 38.27 Intangible assets under development 34.28 23.60 Financial assets - Loans 0.87 0.74 - Other financial assets 1.36 3.28 Income tax assets (net) 4.44 2.65 Other non-current assets 15.57 17.39 Total non-current assets (A) 423.23 408.06 2 Current assets Inventories 593.54 660.68 Financial assets - Trade receivables 96.82 270.21 - Cash and cash equivalents 4.45 4.51 - Bank balances other than cash and cash equivalents 15.03 16.19 - Loans 1.11 0.85 - Other financial assets 2.08 1.92 Other current assets 29.82 34.36 Total current assets (B) 742.85 988.72 Total assets (A+B) 1,166.08 1,396.78 B. EQUITY AND LIABILITIES 1 Equity Equity share capital 14.48 14.48 Other equity 545.43 504.86 Total equity (C) 559.91 519.34 2 Liabilities Non-current liabilities Financial liabilities - Borrowings 1.24 10.65 - Lease liabilities 6.16 6.68 - Other financial liabilities 14.74 13.72 Provisions 38.47 33.40 Deferred tax liabilities (net) 17.22 20.52 Other non-current liabilities 2.98 2.76 Total non-current liabilities (D) 80.81 87.73 Current liabilities Financial liabilities - Borrowings 28.70 269.50 - Lease liabilities 2.27 2.28 - Trade payables (a) total outstanding dues of micro enterprises and small enterprises 27.31 36.21 (b) total outstanding dues of creditors other than micro enterprises and 345.88 369.33 small enterprises - Other financial liabilities 28.80 13.06 Other current liabilities 44.88 58.58 Provisions 44.48 40.60 Current tax liabilities (net) 3.04 0.15 Total current liabilities (E) 525.36 789.71 Total liabilities (D+E) 606.17 877.44 Total equity and liabilities (C+D+E) 1,166.08 1,396.78 STATEMENT OF CASH FLOWS (Rupees in Crores) Half year ended Half year ended Particulars 30 September 2026 30 September 2025 Unaudited Unaudited A. CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax 101.13 117.83 Adjustments for : Depreciation and amortization expense 26.63 25.32 Unrealised (gain) on foreign exchange fluctuation (net) (0.11) (0.02) Finance costs 3.64 7.96 Interest income (1.08) (2.14) Property, plant and equipment written off (net) 0.25 0.03 Net (gain) on sale of property, plant and equipment (0.12) (0.07) Loss allowance for trade receivables (0.42) 0.68 Provision for inventories written down 3.12 1.45 Bad debts / advances written off * 0.00 0.04 Liabilities / provisions no longer required written back (0.08) (0.81) Operating profit before working capital changes 132.96 150.27 Working capital adjustments : Decrease in Trade receivables 173.94 129.00 Decrease / (Increase) in Inventories 64.02 (18.66) (Increase) in other financial assets (0.29) (0.09) (Increase) / Decrease in other non-current and current loans (0.39) 0.25 Decrease in other non-current and current assets 4.68 11.95 (Decrease) in Trade payables (32.33) (82.29) Increase in Non-current and current provisions 7.24 2.45 Increase / (Decrease) in other financial liabilities 15.19 (0.48) (Decrease) in other non-current and current liabilities (13.48) (40.37) Cash generated from operations 351.54 152.03 Less: Income tax paid (net) 27.76 22.91 Net cash generated from operating activities (A) 323.78 129.12 B. CASH FLOWS FROM INVESTING ACTIVITIES : Payment for property, plant and equipment, intangible assets, (41.67) (29.69) capital work in progress and intangible assets under development Proceeds from sale of property, plant and equipment 0.80 0.11 Investment in bank deposits (including margin money deposits) (1.26) (0.02) Proceeds from maturity of bank deposits (including margin money deposits) 5.16 1.05 Movement in unpaid dividend accounts (net) (0.86) - Interest income received 1.25 2.21 Net cash (used in) investing activities (B) (36.58) (26.34) C. CASH FLOWS FROM FINANCING ACTIVITIES Long-term bor [Showing first 8,000 characters — download PDF for full document]