SML Mahindra Limited filed its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026, with the stock exchanges. The company reported the production of 17,165 vehicles during the year, surpassing its target of 17,000 units. The report highlights the company's commitment to environmental sustainability, including the generation of 41,90,623 kWh of electricity through its 3.04 MWp rooftop solar power plant.

Operational and Environmental Performance

The company, which manufactures trucks and buses, stated that passenger vehicles contributed 69% to its total turnover, while cargo vehicles accounted for 24%. In terms of energy management, SML Mahindra reported a total energy consumption of 1,08,635 Gigajoules, with renewable sources accounting for 13,899 Gigajoules. The company achieved a waste intensity of 1.5 metric tonnes per rupee of turnover and maintained zero liquid discharge by treating wastewater for reuse in plantations.

Social and Governance Metrics

The report details the company's workforce composition, comprising 818 employees and 2,759 workers. The board of directors includes two women, representing 28.6% of the total board strength. SML Mahindra confirmed that 100% of its employees and workers received training on human rights issues during the year. The company also reported that it had no instances of fines, penalties, or punitive actions by regulators during FY 2025-26.

Stakeholder Engagement and Compliance

SML Mahindra received 188 customer complaints during the year, with one pending resolution at the close of the period. The company's grievance redressal mechanisms are in place for all stakeholder groups, including shareholders, employees, and communities. The report confirms compliance with all applicable environmental laws and regulations, including the Water Act and Air Act. The company holds several ISO certifications, including ISO 9001:2015 for quality management and ISO 14001:2015 for environmental management.

SML Mahindra announced that Dr. Venkataraman Srinivas will cease to be the Executive Director and Chief Executive Officer of the company effective June 30, 2026. The decision follows a recommendation by the Nomination and Remuneration Committee and is based on Srinivas's transition to a new role within the Mahindra Group. Consequently, he will cease to be a Director and Key Managerial Personnel of the company under the Companies Act, 2013 and the SEBI Listing Regulations from the said date.

Leadership Transition

The Board of Directors approved the cessation at its meeting held on June 10, 2026. Following the departure, Mr. Vinod Kumar Sahay, the Executive Chairman, will take on additional responsibilities effective July 1, 2026. This interim arrangement will remain in place until the appointment of a new CEO.

Regulatory Disclosures

The company has disclosed that the cessation is not due to any disagreement with the Board or management. The detailed information regarding the change is provided in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The resignation letter from Dr. Venkataraman Srinivas has been submitted to the exchanges.