Proceedings of 42nd Annual General Meeting of SML Mahindra Limited

SML Mahindra Limited Trucks & Buses Regd. Office & Works: Village Asron, Distt. Shahid Bhagat Singh Nagar (Nawanshahr) Punjab – 144533 Tel +91 1881 270155 SML/SEC/2026-27-039 21st 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 Scrip Code: SMLMAH Subject: Proceedings of 42nd Annual General Meeting of SML Mahindra Limited Dear Sir, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“the SEBI Regulations”), please find enclosed proceedings of 42nd Annual General Meeting of the Company held today - Tuesday, 21st July, 2026 through Video Conferencing / Other Audio Visual Means. The AGM commenced at 11:30 A.M. and concluded at 01:03 P.M. Please note that pursuant to Regulation 44 of the SEBI Regulations, voting results will be submitted to Stock Exchange(s) within 48 hours of conclusion of AGM and will also be placed on the website of the Company (https://smlmahindra.com/) This is for your information and record please. Thanking you, 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 SUMMARY OF PROCEEDINGS OF 42ND ANNUAL GENERAL MEETING (AGM) OF SML MAHINDRA LIMITED HELD ON TUESDAY, 21ST JULY, 2026 AT 11:30 AM. DEEMED VENUE: VILLAGE ASRON, DISTT. SHAHID BHAGAT SINGH NAGAR (NAWANSHAHR), PUNJAB. The 42nd Annual General Meeting (AGM) of the Company was held on, 21st July, 2026 (Tuesday) at 11:30 AM through Video Conferencing (VC) / Other Audio Visual Means (OAVM) incompliance with the applicable provisions of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the General Circulars issued by the Ministry of Corporate Affairs ("MCA") and Circulars issued by the Securities and Exchange Board of India ("SEBI"). The following Directors were present: S. Name of the Designation and Membership of Attended No. Director Committees through VC from 1. Mr. Vinod Kumar Sahay Executive Chairman Mohali, DIN- 07884268 Punjab - Audit Committee [M] - Nomination & Remuneration Committee [M] - Risk Management Committee [M] 2. Mr. C. S. Verma Independent Director Mohali, DIN- 00121756 Punjab - Stakeholders Relationship Committee [C] - Nomination & Remuneration Committee [M] - Corporate Social Responsibility (CSR) Committee [M] 3. Mr. Ravi Venkatraman Independent Director Mohali, DIN- 00307328 Punjab - Audit Committee [C] - Risk Management Committee [C] - Nomination & Remuneration Committee [M] 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 S. No. Name of the Designation and Membership of Attended through Director Committees VC from 4. Mr. Arun Kumar Independent Director Mohali, Punjab Malhotra DIN- 00132951 - Corporate Social Responsibility (CSR) Committee [C] - Audit Committee [M] - Stakeholders Relationship Committee [M] 5. Ms. Smita Independent Director San Francisco, USA Mankad DIN- 02009838 - Nomination & Remuneration Committee [C] 6. Ms. Mahima Non-Executive Non-Independent Pune, Maharashtra Chugh Director DIN- 07448152 - Stakeholders Relationship Committee [M] - Risk Management Committee [M] - Corporate Social Responsibility (CSR) Committee [M] In attendance – Company’s Executive: Name of the Executive Designation Attended the meeting through VC from Mr. Parvesh Madan Company Secretary Mohali, Punjab Special Invitees – Company’s Senior Management: Name of the Executive Designation Attended the meeting through VC from Ms. Manaswini Goel CFO - Aerospace, Advanced Mohali, Punjab Technologies, Trucks & Buses (Mahindra Group) Mr. Ritesh Agrawal Chief Operating Officer (COO) Mohali, Punjab Mr. Pushkar Patwardhan Chief Financial Officer (CFO) Mohali, Punjab 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 In attendance – Others: Name of the Designation Attended the meeting Executive through VC from Mr. Gaurav Mahajan Representative, New Delhi M/s B S R & Co. LLP, Statutory Auditors Mr. Ajay Arora Secretarial Auditor Chandigarh Mr. Kanwaljit Singh Scrutinizer Chandigarh Thanewal At the outset, Chairman welcomed the Members who were participating in the AGM through VC/OAVM and briefed them about certain important points regarding the Meeting. Thereafter, the Chairman requested the Directors present at the Meeting to introduce themselves. He also confirmed the presence of representative of Mahindra & Mahindra Limited (Promoter), statutory auditors, secretarial auditor, scrutinizer and the Company’s Senior Management Officials. Chairman then confirmed that the requisite quorum is present and declared the meeting open. Thereafter, he addressed the Members. Thereafter, the Company Secretary read the Auditors’ Report (relevant extracts) and the Agenda Items. He further informed the Members that Auditors have issued a clean report for FY 2025-2026. Chairman then informed the Members that the Company had provided remote e-voting facility to the Members entitled to cast their vote on all the Resolutions as set out in the Notice of AGM [e-voting commenced on 17th July, 2026 at 9:00 AM (IST) and ended on 20th July, 2026 at 5:00 PM (IST)]. He also conveyed that the facility for voting through electronic voting system (e-voting) is available during the AGM and the Members who have not cast their vote by remote e-voting are entitled to exercise their right to vote by e-voting during the AGM and a time period of 15 minutes would be available for e-voting after conclusion of the Meeting. 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 The following ordinary business and special business were conducted at the meeting: Sr. No Resolution Resolution - ordinary or special Ordinary Business 1. To receive, consider and adopt the Audited Financial Ordinary Statements of the Company for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon. 2. To declare Final Dividend of Rs. 23.50/- per equity Ordinary share of the face value of Rs. 10/- each, for the Financial Year ended 31st March, 2026. 3. Re-appointment of Ms. Mahima Chugh Ordinary (DIN 07448152), as a Director liable to retire by rotation and being eligible who has offered herself for re-appointment. Special Business 4. To approve Material Related Party Transactions with Ordinary Mah [Showing first 8,000 characters — download PDF for full document]