Outcome of Board Meeting

mal,indra 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/2026-27-035 20th July, 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 Symbol: SMLMAH 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 their Meeting held today i.e. 20th July, 2026 (Monday) at Mohali, Punjab have approved the Un-audited Financial Results for the first quarter ended on 30th June, 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 Company’s website at https://smlmahindra.com/IN. The Board meeting commenced at 03:45 P.M. and concluded at 05:20 P.M. You are requested to kindly take note of the above information on your 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 (Formerly SML Isuzu Limited) Regd. Office: Village Asron, Distt. Shahid Bhagat Singh Nagar (Nawanshahr) -144 533, Punjab CIN: L50101PB1983PLC005516, Website: https://smlmahindra.com/, Email id: investors@smlmahindra.com, T: 911881 270155, F: 91 1881 270223 STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30 JUNE 2026 (Rupees in crorcs, except for sharo data unless otherwiso stated) Quarter ended Year Ended S.No. Particulars 30.06.2026 31.03.2026 30.06.2025 31.03.2026 Unaudited Audited Unaudited Audited (Refer note 41 1 INCOME a) Revenue from operations 957.54 897.65 845.89 2,837.92 b) Other income 1.19 2.58 2.06 8.32 Total Income (1) 958.73 900.23 847.95 2,846.24 2 EXPENSES a) Cost of materials consumed 622.39 624.22 570.32 2,139.16 b) Purchases of stock-in-trade 32.00 27.00 26.22 100.04 c) Changes in inventories of finished goods. work-in-progress 89.38 53.19 46 08 (72.20) and stock-in-trade d) Employee benefits expense 68.91 53.71 57.97 227.58 e) Finance cost 2.74 6.99 5.09 20.74 f) Depreciation and amortisation expense 13.27 13.37 12.43 52.03 g) Other expenses 44.76 49.15 40.29 164.94 Total Expenses (2) 873.45 827.63 758.40 2,632.29 3 Profit before tax (1-2) 85.28 72.60 89.55 213.95 4 Tax expense -Current tax 24.16 15.34 24.22 52.51 -Deferred tax (2.50) 3.06 (1.63) 1.69 5 Profit for the period/year (3-4) 63.62 54.20 66.96 159.75 6 Other Comprehensive Income (i) Items that will not be reclassified to Profit or Loss -Remeasurements of the defined benefit plans (0.50) 3.66 (0.53) 3.98 (ii) Income tax related to items that will not be reclassified to Profit or Loss 0.12 (0.92) 0.13 (1.00) 7 Total Comprehensive Income for the period/year (5+6) 63.24 56.94 66.56 162.73 6 Paid-up equity share capital (face value Rs. 1o per share) 14.48 14.48 14.48 14.48 9 Other equity 504.86 10 Basic and diluted earnings per share in Rs. (not annualised for the quarters) 43.96 37.46 46.27 110.39 See accompanying notes to the unaudited financial results Notos: The above unaudited financial results were reviewed by the Audit Committee on 20 July 2026 and approved by the Board of Directors in their meeting held on 20 July 2026. The above results for the quarter ended 30 June 2026, have been subjected to limited review by the Statutory Auditors of the Company. The unmodified review report of the Statutory Auditors is being filed with the BSE Limited and National Stock Exchange of India Limited. For more details on the unaudited financial results, visit 'investors' section of our website at https://smlmahindra.com/ and 'Financial Results' in 'Corporates' section of www.nseindia.com and www.bseindia.com. 2 The above unaudited financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting ('Ind AS 34'), prescribed under section 133 of the Companies Act, 2013 ('the Act'), and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations, including relevant circulars issued by the SEBI from time to time. 3 The Chief Operating Decision Maker monitors and reviews the performance of the operating segment i.e commercial vehicles and related components as a single operating segment. Considering that there is only one reportable segment, there are no additional disclosures to be provided under Ind AS 1O B -Segment information. 4 The figures for the quarter ended 31 March 2026, as reported in these financial results, are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of third quarter of the relevant financial year. Also, the figures upto the end of the third quarter had only been reviewed and not subjected to audit. 5 The Ministry of Environment, Forest and Climate Change has notified the Environment Protection (End-of-Life Vehicles) Rules, 2025 ("ELV Rules"), which are effective from 1 April 2025. As per these rules, Extended Producer Responsibility (EPR) obligations are imposed on producers ("vehicle manufacturers") for the scrapping of End-of-Life Vehicles and such obligations are to be fulfilled through the purchase of EPR certificates from registered Vehicle Scrapping Facilities via a Centralised Online Portal. The implementation details and operational procedures of the ELV rules including the modalities of the pricing mechanism for the EPR certificates are yet to be developed. Consequently, the Company is currently unable to reliably estimate a range of possible outcomes and the potential impact of these rules. The Company will continue to assess the ability to measure its obligations pursuant to the ELV Rules, as and when the aforesaid details of implementation framework are available. For and on behalf of the Board of Directors of SML Mahindra Limited ..': ;:'P¼- (Vinod Kumar Sahay) Place: Mohali Executive Chairman Date: 20 July 2026 DIN: 07884268 BS R & Co. LLP Unit No A505A 5th Floor, Elante Offices Plot No 178-178A, lndustnal Area Chartered Accountants Phase• 1, Chandigarh - 160002 Tel -+-91172 672 3400 Limited Review Report on unaudited flnanclal results of SML Mahindra Limited (formerly known as SML Isuzu Limited) for the quarter ended 30 June 2026 pursuant to Regulation 33 of Securities and Exchange Board of India {Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended To the Board of Directors of SML Mahindra Limited (formerly known as SML Isuzu Limited) 1 We have reviewed the accompanying Statement of unaudited financial results ot SML Mahindra L1m1ted (formerly known as SML Isuzu L1m1ted) (hereinafter referred to as "the Company~) for the quarter ended 30 June 2026 ("the Statement"). 2. This Statement, which is the respons1bil1ty of the Company's management and approved by its Board of Directors, has been prepared In accordance with the recognition and measurement principles laid down 1n Indian Accounting Standard 34 "lntenm F,nanc,al Reporting" (•Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013, and other accounting pnnc1ples generally accepted 1n India and 1n compliance with Regulation 33 of the SecunlJes and Exchange Board of India (L1st1ng Obligations and Disclosure Requi [Showing first 8,000 characters — download PDF for full document]