Intimation of Right issue is enclosed.

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/2026-27-068 6th November, 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 Sir / Madam, Sub: Outcome of the Meeting of the Board of Directors of SML Mahindra Limited (“the Company”) held on 6th November, 2026 pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 In furtherance to our intimation dated 2nd November, 2026, we wish to inform that the Board of Directors of the Company at its meeting held today i.e. 6th November, 2026 has inter-alia, considered and approved raising of funds through the issuance of fully paid-up equity shares of the Company of the face value of Rs. 10/- each by way of a rights issue (the "Rights Issue") for an amount not exceeding Rs. 1450 Crore (Rupees One Thousand Four Hundred and Fifty Crore) to the eligible equity shareholders of the Company as on the record date (to be determined and notified subsequently), subject to receipt of regulatory and statutory approvals, as may be applicable in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws. For the purposes of giving effect to the rights issue, the Board or the Rights Issue Committee shall, decide and approve the detailed terms and conditions of the Rights issue, including but not limited to determination of issue price, rights entitlement ratio, record date, rights issue period, timing and terms of payment and any such other matters as may be necessary and incidental thereto. The meeting of the Board commenced at 11:30 AM and concluded at 12:03 PM. Requisite details for the aforesaid in terms of Regulation 30 read with Schedule III of the Listing Regulation and SEBI Master Circular no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 (“SEBI Master Circular”), is enclosed as Annexure A. This intimation is also being uploaded on the Company’s website and can be accessed at the weblink: https://smlmahindra.com/IN. You are requested to take the same on record. 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 Trucks & Buses Regd. Office & Works: Village Asron, Dis(cid:425). Shahid Bhagat Singh Nagar (Nawanshahr) Punjab – 144533 Tel +91 1881 270155 Annexure A Disclosures as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Sr. Details of events that need to be provided Information of such event(s)* 1. Type of securities proposed to be issued Equity Shares 2. Type of issuance Rights Issue 3. Total Amount for which the Securities will be Not exceeding Rs. 1450 Crore (Rupees One issued Thousand Four Hundred and Fifty Crore)* *Number of securities proposed to be issued, and issue price shall be determined after receiving in-principle approval from the Stock Exchanges. 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