SML Mahindra Limited has officially announced its board meeting scheduled for April 20, 2026, to consider the audited financial results for the fourth quarter and full financial year 2025-26. The commercial vehicle manufacturer has also indicated that the board will deliberate on dividend recommendations during the same meeting.

Board Meeting Details

The company has issued formal notification to stock exchanges under SEBI Regulation 29 compliance requirements. Company Secretary & Compliance Officer Parvesh Madan has signed the official communication sent to both BSE Limited and National Stock Exchange of India Limited.

Trading Window Restrictions

In line with the company's Code of Conduct for Prevention of Insider Trading, SML Mahindra Limited has implemented a trading window closure effective from April 1, 2026, to April 23, 2026. This restriction applies to all designated persons and their immediate relatives, prohibiting them from dealing in the company's equity shares during this period.

Corporate Compliance Framework

The announcement reflects SML Mahindra Limited's adherence to transparent corporate governance practices. The company has ensured proper communication through multiple channels, including direct notifications to stock exchanges and publication on its official website.

The formal communication includes proper authentication and digital signatures, demonstrating the company's commitment to regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures all stakeholders receive timely and accurate information about significant corporate developments.

SML Mahindra Limited has reported positive sales momentum in March 2026, with total vehicle sales rising 6% year-on-year to 2,457 units from 2,315 units in March 2025. The monthly performance reflects the company's continued strong trajectory following an impressive annual growth of 17% in FY26.

March 2026 Sales Performance

The company's March 2026 sales figures demonstrated sustained growth momentum across both vehicle categories:

Passenger vehicles emerged as the primary growth driver in March 2026, with sales reaching 1851 units compared to 1721 units in the corresponding month of the previous year, representing an 8% increase. Cargo vehicles maintained steady performance with 606 units sold, marking a 2% growth from 594 units in March 2025.

Annual FY26 Performance Overview

The March performance caps off a strong annual showing for FY26, where the company achieved remarkable 17% growth in total vehicle sales:

Segment Analysis and Market Position

The cargo vehicles segment delivered exceptional annual performance with 28% growth, selling 5412 units in FY26 compared to 4215 units in FY25. This represents an increase of 1197 units, highlighting strong demand in the commercial vehicle market throughout the year.

The passenger vehicles segment maintained consistent growth momentum, contributing 11220 units to annual sales versus 10006 units in FY25. This segment's steady 12% annual growth demonstrates the company's balanced portfolio performance across vehicle categories.

Corporate Compliance and Operations

The sales disclosure was filed by Company Secretary and Compliance Officer Parvesh Madan under Regulation 30 of SEBI regulations. SML Mahindra Limited, formerly known as SML Isuzu Limited, operates from its registered office in Punjab with its corporate office in Mohali, focusing on trucks and buses manufacturing with strategically located facilities to serve the Indian commercial vehicle market.