SML Mahindra Limited — Proxy Solicitation & Information Statement 2025

Jun 12, 2025

SML/SEC/2025-26-026 12[th] June, 2025

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Dy. General Manager- Corporate Relationship Department BSE Limited P.J Towers, Dalal Street Fort, Mumbai-400 001	The Secretary, National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor, Plot no. C/1, G Block Bandra- Kurla Complex Bandra (E), Mumbai – 400 051
Scrip Code: 505192	Scrip Code: SMLISUZU

Ref: Regulation 30 of the SEBI (LODR) Regulations, 2015

Subject: Postal Ballot Notice

Dear Sir/Madam,

Pursuant to the Regulation 30 of the SEBI (LODR) Regulations, 2015, please find enclosed a copy of the Postal Ballot Notice together with the Explanatory Statement for seeking approval of the members of SML ISUZU LIMITED (“the Company”) on the following Special Business by way of Ordinary Resolutions as set out in the said Postal Ballot Notice, through remote e-voting:

Item No. Agenda Item

Item No.	Agenda Item
1	Appointment of Mr. Yasushi Nishikawa (DIN 11027072) as Director of the Company
2	Appointment of Mr. Yasushi Nishikawa (DIN 11027072) as Managing Director & Chief Executive Officer of the Company.

The e-voting period will commence from Saturday, 14.06.2025, at 9.00 AM (IST) and shall end on Sunday , 13.07.2025, at 5.00 PM (IST). The e-voting module shall be disabled by National Securities Depository Limited (NSDL) for voting thereafter.

In compliance with the requisite circulars issued by Ministry of Corporate Affairs, the Notice of the Postal Ballot is being sent by electronic mode only, to those members whose names appeared in the Register of Members/List of Beneficial Owners as maintained by the Company/ Depositories, respectively, as at close of business hours on Tuesday, 10.06.2025 (the ‘cut-off date’), whose e-mail addresses are registered with the Company/Depositories. The said Postal Ballot Notice is also available on the website of the Company at www.smlisuzu.com

You are requested to take the same on your records.

Thanking you,

For SML ISUZU Limited

Parvesh Digitally signed by Parvesh Madan Madan Date: 2025.06.12 15:03:07 +05'30'

(PARVESH MADAN)

Company Secretary & Compliance Officer pmadan@smlisuzu.com ACS-31266

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SML ISUZU LIMITED

Registered Office: Village Asron, Distt. Shahid Bhagat Singh Nagar (Nawanshahr) Punjab-144533; Phone : (91)-1881-270155, Corporate office- 0172-4155901 - CIN : L50101PB1983PLC005516 Website Address www.smlisuzu.com

POSTAL BALLOT NOTICE

[Pursuant to Section 108 and Section 110 of the Companies Act, 2013 read with Rule 20 & 22 of the Companies (Management and Administration) Rules, 2014]

To the Members of the Company,

Notice is hereby given that the resolutions set out below are proposed to be passed by the Members of SML ISUZU LIMITED (“the Company”) by means of Postal Ballot, only by way of remote e-voting process (“e-voting”), pursuant to Section 108, Section 110 and other applicable provisions of the Companies Act, 2013 (the “Act”), the Rule 20 and 22 of the Companies (Management and Administration) Rules,2014 (“the Rules”) and other applicable provisions of the Act and the Rules, General Circular Nos. 14/2020 dated 08.04.2020 and 17/2020 dated 13.04.2020 read with other relevant circulars, including General Circular No. 09/2024 dated 19.09.2024, issued by the Ministry of Corporate Affairs (“MCA Circulars”), Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), Secretarial Standard on General Meetings (“SS-2”) issued by the Institute of Company Secretaries of India and other applicable laws, rules and regulations (including any statutory modification(s) or re-enactment(s) thereof for the time being in force and as amended from time to time).

The Statement pursuant to Section 102(1) and other applicable provisions of the Act read with the Rules, setting out all material facts relating to the resolutions mentioned in this Postal Ballot Notice, is annexed hereto.

The Company has engaged the services of National Securities Depository Limited (NSDL) as the agency to provide e-voting facility to the Members.

In accordance with the MCA Circulars, members can vote only through the remote e-voting process. Accordingly, the Company is pleased to provide remote e-voting facility to all its Members to cast their votes electronically. Members are requested to read carefully the instructions provided in the Notes covered in this Postal Ballot Notice so as to cast their vote.

The e-voting period commences at 9:00 A.M. (IST) on Saturday 14[th] June, 2025 and ends at 5:00 P.M. (IST) on Sunday 13[th] July, 2025.

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SPECIAL BUSINESS

Item No. 1- Appointment of Mr. Yasushi Nishikawa (DIN 11027072) as Director of the Company.

To consider and pass, the following resolution as an Ordinary Resolution :

appointment of Mr. Yasushi Nishikawa (DIN 11027072) as Managing Director & CEO of the Company for a period of five (5) years w.e.f. 17th April, 2025, at the following terms and conditions :

A. SALARY

Rs. 5,77,500/- per month.

"RESOLVED THAT pursuant to the provisions of Sections 149, 152 and all other applicable provisions of the Companies Act, 2013 (the Act) and the Rules framed there under (including any statutory modification(s) or reenactment thereof for the time being in force), and Regulation 17 (1C) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Yasushi Nishikawa (DIN 11027072), who was appointed by the Board of Directors as an Additional Director of the Company w.e.f. 17[th] April, 2025 pursuant to the provisions of Section 161(1) of the Act and the Articles of Association of the Company, and in respect of whom the Company has received a notice in writing under Section 160 of the Act from a Member proposing his candidature for the office of Director, be and is hereby appointed as a Director of the Company, not liable to retire by rotation.”

Item No. 2 Appointment of Mr. Yasushi Nishikawa (DIN 11027072) as Managing Director & Chief Executive Officer of the Company.

To consider and pass, the following resolution as an Ordinary Resolution:

“ RESOLVED THAT pursuant to the provisions of Sections 196, 197 and 203 read with Schedule V and other applicable provisions, if any, of the Companies Act, 2013 and Rules thereon (including any statutory modification(s), enactment(s), or re-enactment(s) thereof), Regulation 17 (1C) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and subject to requisite approval of the Central Government, if required, approval of the Members be and is hereby accorded for the

Salary to be increased within the range of Rs. 5,77,500/- per month to Rs. 8,00,000/- per month during the period of appointment, in such increments, effective 1st April each year, as may be decided by the Board.

B. COMMISSION

1% of net profits subject to a maximum of 100% of annual salary.

C. PERQUISITES AND ALLOWANCES

• i) Fully furnished accommodation along with reimbursement for Gas, Electricity and Water.

• ii) Medical reimbursement for self and family during stay in India.

• iii) Provision of a car with driver and telephone facility.

D. RETIRAL BENEFITS

Contribution to provident fund as per prevailing law.

RESOLVED FURTHER THAT the Board be and is hereby authorized to alter and vary the terms and conditions of appointment and / or remuneration, subject to the same not exceeding the limits specified under Section 197 of the Companies Act, 2013 including any statutory modification(s) or re-enactment thereof.

RESOLVED FURTHER THAT where in any financial year during the tenure of Mr. Yasushi Nishikawa (DIN 11027072), the Company has no profits or its profits are inadequate, the Company may pay to Mr. Yasushi Nishikawa, the above remuneration as the minimum remuneration for a period not exceeding three years from the date of

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appointment by way of salary, perquisites and other allowances and benefits as specified above subject to receipt of the requisite approvals, if any .

RESOLVED FURTHER THAT the Board be and is hereby authorized to do all acts and take all such steps as may be necessary, proper or expedient to give effect to this resolution.”

By Order of the Board FOR SML ISUZU LIMITED

Sd/-

(PARVESH MADAN) Company Secretary ACS-31266 Date: 11[th] June, 2025

Notes:

1. A Statement pursuant to Section 102(1) of the Act read with the Rules, setting out all material facts relating to the resolutions mentioned in this Postal Ballot Notice, is attached.

2. In accordance with the MCA Circulars, this Postal Ballot Notice is being sent ONLY by electronic mode to those Members whose names appear on the Register of Members/List of Beneficial Owners as on 10[th] June, 2025 (“Cut-Off Date”) received from the Depositories and whose e-mail address are registered with the Company/Depositories. Physical copies of the Postal Ballot Notice along with Postal Ballot forms and pre-paid business reply envelopes are not being sent to Members for this Postal Ballot.

3. This Postal Ballot Notice will also be available on the Company's website at www.smlisuzu.com , websites of the Stock Exchanges, that is, BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com respectively, on the website of Company’s RTA M/s MCS Share Transfer Agent Limited at

www.mcsregistrars.com and on the website of DepositoryNSDL at www.evoting.nsdl.com

1. In accordance with the MCA Circulars, the Company has issued a public notice on 1[st] June, 2025 in Financial Express, The Indian Express and Ajit requesting the Members to register their e-mail address for this postal ballot.

Members who have still not registered their e-mail address are requested to register the same (i) with the Depository Participant(s) where they maintain their demat accounts, if the shares are held in electronic form, and (ii) by submitting Form ISR-1 (available on the website of the Company at www.smlisuzu.com duly filled and signed along with requisite supporting documents to Company’s RTA at admin@mcsregistrars.com or send at - M/s MCS Share Transfer Agent Limited at 179-180, 3rd Floor, DSIDC Shed, Okhla Industrial Area, Phase-1, New Delhi –110020, if the shares are held in physical form.

1. Members would be able to cast their votes and convey their assent or dissent to the proposed resolutions only through the remote e-voting process. Members whose names appear on the Register of Members / List of Beneficial Owners as on the Cut-Off Date will only be considered eligible for the purpose of e-voting. A person who becomes the member after the Cut-Off Date should treat this notice for information purpose only.

2. Voting rights of a Member/Beneficial Owner (in case of electronic shareholding) shall be in proportion to his/her/its shareholding in the paid-up equity share capital of the Company as on the Cut-Off Date.

3. Pursuant to Sections 108, Section 110 and other applicable provisions of the Act and the Rules made there under, the MCA Circulars and Regulation 44 of the Listing Regulations

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read with Section VI-C of the SEBI Master Circular bearing reference no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated 11.07.2023, as amended (“SEBI Master Circular”), and SS-2 and any amendments thereto, the Company is providing the e - v o t i n g facility to the Members to exercise their right to vote on the proposed resolutions electronically. The Company has engaged the services of National Securities Depository Limited (NSDL) as the agency to provide e-voting facility. The instructions for e-voting are provided as part of this Postal Ballot Notice which the Members are requested to read carefully before casting their vote.

1. The e-voting period commences at 9:00 A.M. (IST) on Saturday 14[th] June, 2025 and ends at 5:00 P.M. (IST) on Sunday 13[th] July, 2025. Members desiring to exercise their vote should cast their vote during this period only, to be eligible for being considered.

2. The resolutions, if approved, shall be deemed to have been passed on the last date of e-voting i.e. 13[th] July, 2025.

3. The Board of Directors has appointed Mr. Kanwaljit Singh, a Practicing Company Secretary, (Membership No: 5901; CP No. 5870), as Scrutinizer for conducting the Postal Ballot, through the e-voting process, in a fair and transparent manner. The Scrutinizer’s decision on the validity of the Postal Ballot shall be final.

4. The Scrutinizer will submit his report, after the scrutiny, to the Chairman or Managing Director of the Company or any person authorized by him. The result of e-voting shall be announced on or before 15[th] July, 2025 and will be displayed on the Company’s website www.smlisuzu.com and will also be communicated to Stock Exchanges, National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (“CDSL”) (together the “Depositories”) and MCS Share Transfer Agent Limited. The Company will also display the results at its Registered Office & Corporate Office.

5. All documents referred to in this Postal Ballot Notice will be available electronically until the last date of voting. Members seeking to inspect such documents can send an email to investors@smlisuzu.com .

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PROCEDURE FOR 'E-VOTING' E-VOTING FACILITY

1. The Company is providing e-voting facility of National Securities Depository Limited (NSDL) to its Members to exercise their right to vote on the proposed resolutions by electronic means.

2. The e-voting facility will be available during the following period:

Commencement of e-voting- 9:00 A.M. (IST) on Saturday 14[th] June, 2025 End of e-voting- 5:00 P.M. (IST) on Sunday 13[th] July, 2025.

The manner of voting by –

• A. Individual shareholders holding shares of the Company in demat mode,

• B. Shareholders other than individuals holding shares of the Company in demat mode,

• C. Shareholders holding shares of the Company in physical mode, and

• D. Shareholders who have not registered their e-mail address , is explained in the instructions given herein below.

INFORMATION AND INSTRUCTIONS RELATING TO E-VOTING:

Once the Shareholder has exercised the vote, whether partially or otherwise, the Shareholder shall not be allowed to change it subsequently or cast the vote again .

How do I vote electronically using NSDL e-Voting system?

The way to vote electronically on NSDL e-Voting system consists of “Two Steps” which are mentioned below:

STEP 1: Access to NSDL e-Voting system

A) Login method for e-Voting for Individual shareholders holding securities in demat mode

As per SEBI master circular, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories/Depository Participants. Shareholders are advised to update their mobile number and email Id in their demat accounts in order to access e-Voting facility.

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Login method for Individual shareholders holding securities in demat mode is given below:

Login method for Individual	shareholders holding securities in demat mode is given below:
Type of shareholders	Login Method
Individual Shareholders holding securities in demat mode with NSDL.	1. ExistingIDeASuser can visit the e-Services website of NSDL Viz.https://eservices.nsdl.com either on a Personal Computer or on a mobile. On the e-Services home page click on the“Beneficial Owner”icon under“Login”which is available under‘IDeAS’section, this will prompt you to enter your existing User ID and Password. After successful authentication, you will be able to see e-Voting services under Value added services. Click on“Access to e-Voting” under e-Voting services and you will be able to see e-Voting page. Click on company name ore-Voting service provider i.e. NSDLand you will be re-directed to e-Voting website of NSDL for casting your vote during the remote e-Voting period. 2. If you are not registered for IDeAS e-Services, option to register is available athttps://eservices.nsdl.com. Select“Register Online for IDeAS Portal” or click at https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp 3. Visit the e-Voting website of NSDL. Open web browser by typing the following URL:https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section. A new screen will open. You will have to enter your User ID (i.e. your sixteen digit demat account number hold with NSDL), Password/OTP and a Verification Code as shown on the screen. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period. 4. Shareholders/Members can also download NSDL Mobile App “NSDL Speed-e”facility by scanning the QR code mentioned below for seamless voting experience.

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Type of shareholders	Login Method
Individual Shareholders holding securities in demat mode with CDSL	1. Existing users who have opted for Easi / Easiest facility, can login through their user id and password. Option will be made available to reach e-Voting page without any further authentication. The URL for users to login to Easi / Easiest is www.cdslindia.com and click on New System Myeasi. 2. After successful login of Easi/Easiest the user will also be able to see the E Voting Menu. The Menu will have links ofe-Voting service provider i.e. NSDL. Click onNSDLto cast your vote. 3. If the user is not registered for Easi/Easiest, option to register is available atwww.cdslindia.com. 4. Alternatively, the user can directly access e-Voting page by providing demat Account Number and PAN from a link in www.cdslindia.com home page. The system will authenticate the user by sending OTP on registered Mobile & Email as recorded in the demat Account. After successful authentication, user will be provided links for the respective ESP i.e.NSDLwhere the e-Voting is in progress.
Individual Shareholders (holding securities in demat mode) login through their depository participants	1. You can also login using the login credentials of your demat account through your Depository Participant registered with NSDL/CDSL for e-Voting facility. 2. After login, you will be able to see e-Voting option. Click on e-Voting option, you will be redirected to NSDL/CDSL Depository site after successful authentication, wherein you can see e-Voting feature. 3. Click on company name or e-Voting service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL for casting your vote.

Important note: Members who are unable to retrieve User ID/ Password are advised to use forget User ID and forget password option available at above mentioned website.

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Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

Login type	Helpdesk details
Individual Shareholders holding securities in demat mode with NSDL	Members facing any technical issue in login can contact NSDL helpdesk by sending a request at evoting@nsdl.com or call at toll free no.: 022 - 4886 7000
Individual Shareholders holding securities in demat mode with CDSL	Members facing any technical issue in login can contact CDSL helpdesk by sending a request at helpdesk.evoting@cdslindia.com or contact at 1800 21 09911

B) Login Method for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode

How to Log-in to NSDL e-Voting website?

1. Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile.

2. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section.

3. A new screen will open. You will have to enter your User ID, your Password/OTP and a Verification Code as shown on the screen.

4. Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you log-in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. cast your vote electronically.

5. Your User ID details are given below :

Manner of holding shares i.e. Demat (NSDL or CDSL) or Physical	Your User ID is:
a) For Members who hold shares in demat account with NSDL.	8 Character DP ID followed by 8 Digit Client ID For example if your DP ID is IN300 and Client ID is 12 then your user ID is IN30012**
b) For Members who hold shares in demat account with CDSL.	16 Digit Beneficiary ID For example if your Beneficiary ID is 12** thenyour user ID is 12**

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c) For Members EVEN Number followed by Folio Number holding shares in registered with the Company For example if folio Physical Form. number is 001 and EVEN is 127869 then user ID is 127869001

1. Password details for shareholders other than Individual shareholders are given below:

2. a) If you are already registered for e-Voting, then you can use your existing password to login and cast your vote.

3. b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the ‘initial password’ which was communicated to you. Once you retrieve your ‘initial password’, you need to enter the ‘initial password’ and the system will force you to change your password.

4. c) How to retrieve your ‘initial password’?

5. (i) If your email ID is registered in your demat account or with the company, your ‘initial password’ is communicated to you on your email ID. Trace the email sent to you from NSDL from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8 digit client ID for NSDL account, last 8 digits of client ID for CDSL account or folio number for shares held in physical form. The .pdf file contains your ‘User ID’ and your ‘initial password’.

6. (ii) If your email ID is not registered, please follow steps mentioned below in process for those shareholders whose email ids are not registered

7. If you are unable to retrieve or have not received the “ Initial password” or have forgotten your password:

8. a) Click on “Forgot User Details/Password?” (If you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com .

9. b) Physical User Reset Password?” (If you are holding shares in physical mode) option available on www.evoting.nsdl.com .

10. c) If you are still unable to get the password by aforesaid two options, you can send a request at evoting@nsdl.com mentioning your demat account number/folio number, your PAN, your name and your registered address etc.

11. d) Members can also use the OTP (One Time Password) based login for casting the votes on the e-Voting system of NSDL.

12. After entering your password, tick on Agree to “Terms and Conditions” by selecting on the check box.

13. Now, you will have to click on “Login” button.

14. After you click on the “Login” button, Home page of e-Voting will open.

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C) Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of email ids for e-voting for the resolutions set out in this notice:

• i) In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self- attested scanned copy of PAN card), and AADHAR (self-attested scanned copy of Aadhar Card) by email to investors@smlisuzu.com .

• ii) In case shares are held in demat mode, please provide DPID-CLID (16 digit DPID + CLID or 16 digit beneficiary ID), Name, client master or copy of Consolidated Account statement, PAN (self attested scanned copy of PAN card), AADHAR (self-attested scanned copy of Aadhar Card) to ( investors@smlisuzu.com ). If you are an Individual shareholders holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A) i.e. Login method for e-Voting for Individual shareholders holding securities in demat mode.

• iii) Alternatively shareholder/members may send a request to evoting@nsdl.com for procuring user id and password for e-voting by providing above mentioned documents.

In terms of SEBI circular dated 09.12.2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in order to access e-Voting facility.

- Step 2: Cast your vote electronically on NSDL e Voting system.

1. After successful login at Step 1, you will be able to see all the companies “EVEN” in which you are holding shares and whose voting cycle is in active status.

2. Select “EVEN” ( E-Voting Even Number – 133944) of SML ISUZU LIMITED for this postal ballot. Now you are ready for e-Voting as the Voting page opens.

3. Cast your vote by selecting appropriate options i.e. assent or dissent, verify/modify the number of shares for which you wish to cast your vote and click on “Submit” and also “Confirm” when prompted.

4. Upon confirmation, the message “Vote cast successfully” will be displayed.

5. You can also take the printout of the votes cast by you by clicking on the print option on the confirmation page.

6. Once you confirm your vote on the resolutions, you will not be allowed to modify your vote.

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GENERAL GUIDELINES FOR SHAREHOLDERS

1. Institutional/ Corporate shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of the relevant Board Resolutions/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail at kanwalcs@gmail.com with a copy marked to evoting@nsdl.com. They can also upload their Board Resolutions / Power of Attorney / Authority Letter etc. by clicking on "Upload Board Resolutions / Authority Letter" displayed under "e- Voting" tab in their login.

2. It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the “Forgot User Details/Password?” or “Physical User Reset Password?” option available on www.evoting.nsdl.com to reset the password.

3. In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-Voting user manual for Shareholders available at the download section of www.evoting.nsdl.com or call at 022 - 4886 7000 or send a request to Ms. Pallavi Mhatre, Senior Manager, National Securities Depository Ltd., 3rd Floor, Naman Chamber, Plot C-32, G-Block, Bandra Kurla Complex, Bandra East, Mumbai, Maharashtra - 400051 at the designated email address: evoting@nsdl.com or at telephone no. 022- 48867000.

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STATEMENT PURSUANT TO SECTION 102(1) OF THE COMPANIES ACT, 2013 READ WITH RULE 22 OF THE COMPANIES (MANAGEMENT AND ADMINISTRATION) RULES, 2014

ITEM NO: 1 and 2

The Board of Directors of the Company, based on the recommendation of its Nomination & Remuneration Committee and pursuant to the provisions of Section 161(1) of the Companies Act, 2013 (“the Act”) read with the Articles of Association of the Company, had approved the appointment of Mr. Yasushi Nishikawa (DIN: 11027072) as an Additional Director and Managing Director & CEO of the Company for a period of five (5) years with effect from 17[th] April, 2025 subject to the approval of Members of the Company.

In accordance with the applicable provisions of the Act and in terms of Regulation 17(1C) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), a listed entity shall ensure that the approval of shareholders for appointment of a person on the Board is taken at the next general meeting or within a time period of three months from the date of appointment, whichever is earlier. Accordingly, the appointment of Mr. Yasushi Nishikawa would require the approval of the Members of the Company by 16[th] July, 2025.

Mr. Yasushi Nishikawa is a graduate in Business Administration from Osaka University, Japan. Mr. Nishikawa has a rich global experience of over 38 years with Sumitomo Corporation in countries such as Japan and Mexico. Mr. Nishikawa joined Sumitomo Corporation, Japan in April 1986 and since then has held several positions in various departments - Motor Vehicles Deptt; Automotive Deptt; Import/Export and Purchasing; Automotive Manufacturing Project Deptt; Automotive Manufacturing Business Deptt; Aerospace Deptt; Planning & Coordination Deptt, Transportation & Construction Systems Business Unit. (Detailed information in respect of the work experience of Mr. Nishikawa has been provided in “Annexure A” of the Notice).

The Company has received a Notice in writing from a Member in the prescribed manner, under Section 160 of the Act, as amended, proposing the candidature of Mr. Yasushi Nishikawa for the office of Director of the Company, not liable to retire by rotation.

Mr. Yasushi Nishikawa is not disqualified from being appointed as a Director in terms of Section 164 of the Act and has given his consent in writing to act as a Director of the Company.

The Notice read with Explanatory Statement should be considered as written Memorandum setting out the terms of appointment of Mr. Yasushi Nishikawa as required under Section 190 of the Companies Act, 2013.

Remuneration stated in Resolution No. 2 is within the overall limit under Section 197(1) and (2).

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Details of Mr. Yasushi Nishikawa are provided in the “Annexure A” to the Notice, pursuant to the provisions of (i) Listing Regulations and (ii) Secretarial Standard on General Meetings (“SS-2”), issued by the Institute of Company Secretaries of India.

It is the considered view of the Board that Mr. Nishikawa’s knowledge and experience will be of immense value to the Company. Accordingly, the Board recommends the Ordinary Resolutions set out at Item No 1 and Item No 2 to the Notice.

Save and except Mr. Yasushi Nishikawa, none of the other Directors / Key Managerial Personnel of the Company / relatives of Directors and Key Managerial Personnel are, in any way, concerned or interested, financially or otherwise, in the resolutions.

By Order of the Board

SML ISUZU LIMITED

Sd/-

(PARVESH MADAN) Company Secretary ACS-31266 Dated: 11[th] June, 2025

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Annexure A

nnexure A
Name of the Director	Yasushi Nishikawa
Date of Birth (Age)	27.03.1964 (61 Years)
DIN	11027072
Original Date of Appointment	17-04-2025
Qualification(s)	Graduate from Department of Business Administration, School of Economics, Osaka University, Japan
Experience (including expertise in specific functional area)	Mr. Nishikawa has a rich global experience of over 38 years with Sumitomo Corporation in countries such as Japan and Mexico. Mr. Nishikawa joined Sumitomo Corporation, Japan in April 1986 and since then has held several positions in various departments - Motor Vehicles Deptt; Automotive Deptt; Import/Export and Purchasing; Automotive Manufacturing Project Deptt; Automotive Manufacturing Business Deptt; Aerospace Deptt; Planning & Coordination Deptt, Transportation & Construction Systems Business Unit. Mr. Nishikawa has held several positions in various Companies. From July 2004 – Sept 2008, he was General Manager (Automotive Deptt) with Sumitomo Corporation de Mexico S.A. de C.V. From Dec 2011 – Mar 2015, he has served as Executive Vice President & CFO with Mazda Motor Manufacturing de Mexico S.A. de C.V. From Apr 2018 – Mar 2021, he was President of Sumitomo Corporation de Mexico S.A. de C.V. Before joining SML Isuzu Limited, he was Assistant to General Manager, Aerospace Defense & Technology SBU and Sumitomo Precision Products CO., LTD.
Terms andConditions of appointment/re- appointment including details of remuneration sought to be paid	Terms and conditions of the appointment and detail of remuneration sought to be paid is indicated in Resolution No. 1 and 2 of the Notice.
Details of remuneration last drawn (FY 2024-25)	NA

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Name of the Director		Yasushi Nishikawa
Board Membership of other companies [excluding SML ISUZU Limited] as on 17th April, 2025		Nil
Listed entities from which the Director has resigned in the past three years		Nil
Chairman [C]/Member[M] of the Committees of the Board of Directors of the companies in which he/she is a director as on 17th April, 2025*		SML Isuzu Limited (w.e.f. 17.04.2025)- • Stakeholders Relationship Committee (M) • Corporate SocialResponsibilityCommittee (M) • Risk ManagementCommittee (M)
No. of Board Meetings attended during FY 2024-2025		NA
No. of shares held in the Company as on 17th April, 2025		Nil
Relationship with other Directors and KMPs		NA

* this include committees of the Board of Directors of Indian Companies.

Regd. Office & Works:

Village Asron, Distt. Shahid Bhagat Singh Nagar (Nawanshahr), Punjab-144 533 Email:investors@smlisuzu.com CIN: L50101PB1983PLC005516 Website: www.smlisuzu.com

By Order of the Board For SML ISUZU LIMITED

Sd/- (PARVESH MADAN) Company Secretary ACS-31266 Dated: 11[th] June, 2025

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