SML Mahindra revises authorized KMP for materiality disclosures

1 min read Updated on 01 Jul 2026, 03:53 AM

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Shriram SScanX News Team

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SML Mahindra has updated its list of authorized Key Managerial Personnel for determining materiality and making disclosures to stock exchanges, effective July 1, 2026. This revision follows the departure of Dr. Venkataraman Srinivas as Executive Director & CEO on June 30, 2026. The company notified BSE and NSE regarding these changes in compliance with SEBI regulations.

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SML Mahindra has revised the list of authorized Key Managerial Personnel (KMP) responsible for determining the materiality of events and making disclosures to stock exchanges, effective July 1, 2026. This change follows the cessation of Dr. Venkataraman Srinivas as Executive Director & Chief Executive Officer and Key Managerial Personnel of the company with effect from the close of June 30, 2026.

Pursuant to Regulation 30(5) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Disclosure Committee and authorized personnel have been updated. The revision ensures compliance with regulatory requirements regarding the disclosure of material information.

The updated contact details of the authorized Key Managerial Personnel are provided below:

Sr. No	Name of the KMP	Designation	Contact Details
1	Mr. Vinod Kumar Sahay (DIN: 07884268)	Executive Chairman	sahay.vinod@mahindra.com
2	Mr. Pushkar Patwardhan	Chief Financial Officer	patwardhan.pushkar@mahindra.com
3	Mr. Parvesh Madan	Company Secretary & Compliance Officer	pmadan@smlmahindra.com

The company has confirmed that this intimation is being uploaded on its official website. The cessation of the former CEO and the subsequent revision in authorized personnel were communicated to the BSE Limited and the National Stock Exchange of India Ltd.

Historical Stock Returns for SML Mahindra

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.42%	-4.72%	+3.26%	-9.08%	+42.36%	+676.60%

Who will be appointed as the new CEO to fill the leadership vacuum left by Dr. Venkataraman Srinivas?

What strategic shifts can investors expect under the new leadership structure effective July 2026?

How will the transition impact the company's operational momentum and financial performance in the upcoming fiscal year?

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SML Mahindra sets July 21 for 42nd AGM, ₹23.50 dividend

2 min read Updated on 30 Jun 2026, 04:32 AM

Reviewed by

Anirudha BScanX News Team

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SML Mahindra Limited will hold its 42nd AGM on July 21, 2026, via video conferencing to approve financial results and a final dividend of ₹23.50 per share. The company reported a 32% rise in net profit to ₹216.79 crores for FY26. Shareholders must submit TDS documents by July 10, 2026, and can vote remotely from July 17 to July 20.

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SML Mahindra Limited has scheduled its 42nd Annual General Meeting (AGM) for July 21, 2026, at 11:30 AM IST through video conferencing. The Board recommended a final dividend of ₹23.50 per share, aggregating to ₹34.01 crores, subject to shareholder approval. The dividend will be paid to members whose names appear on the register of members as on the record date of July 3, 2026. The company has dispatched the notice and annual report for the financial year 2025-26 to members on June 27, 2026.

The remote e-voting facility will commence on July 17, 2026, at 9:00 AM and conclude on July 20, 2026, at 5:00 PM. The cut-off date for determining eligibility to vote is July 14, 2026. Members attending the AGM who have not cast their vote by remote e-voting shall be eligible to vote through e-voting during the meeting. The facility is provided by National Securities Depository Limited (NSDL).

Shareholders are requested to submit requisite documents for determining the appropriate Tax Deducted at Source (TDS) rate by July 10, 2026, to ensure compliance with the Income Tax Act, 1961. The AGM agenda includes the approval of audited financial statements for FY26 and the re-appointment of Ms. Mahima Chugh, a director liable to retire by rotation.

Financial Performance for FY26

The company reported a revenue from operations of ₹2837.92 crores for FY26, compared to ₹2398.99 crores in the previous year. Net profit for the year stood at ₹216.79 crores, up from ₹163.99 crores in FY25. The net worth of the company increased to ₹519.34 crores as of March 31, 2026.

Particulars	FY 2025-26 (₹ in crores)	FY 2024-25 (₹ in crores)
Revenue from operations	2837.92	2398.99
Net Profit	216.79	163.99
Profit Before Tax	213.95	162.38
Profit After Tax	159.75	121.67
Net Worth	519.34	382.66

Proposed Related Party Transactions

The company seeks approval for transactions with Mahindra & Mahindra Limited across various categories. The total proposed value is ₹719.51 crores for FY 2026-27.

Nature of Transaction	Amount (₹ in crores)
Sale of Goods	255.00
Purchase of Goods	90.00
Purchase of Assets	15.00
Services Received	29.51
Services Rendered	10.00
Borrowings	320.00
Total	719.51

Historical Stock Returns for SML Mahindra

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.42%	-4.72%	+3.26%	-9.08%	+42.36%	+676.60%

How will the proposed ₹320 crore borrowing from Mahindra & Mahindra impact SML Mahindra's leverage ratios and interest coverage in FY27?

Can the company sustain the 32% revenue growth momentum seen in FY26 given the increased dependency on related party transactions?

What strategic initiatives are driving the margin expansion, and will these be sufficient to offset potential raw material inflation in the coming year?