Navodya Enterprises has filed a mandatory disclosure with stock exchanges following a reduction in its shareholding in sml mahindra Limited. The company sold 29,133 shares on February 17, 2026, through open market transactions, reducing its total shareholding from 13.0457% to 12.8444%.

Transaction Details

The share sale triggered compliance requirements under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on February 19, 2026.

Shareholding Structure

Navodya Enterprises operates alongside several persons acting in concert (PAC), including Anandam Enterprises, SPV Traders, Sapna Gupta, Sachin Bansal, and Vivek Bansal. The entity does not belong to the promoter or promoter group of SML Mahindra Limited.

Company Information

SML Mahindra Limited, formerly known as SML Isuzu Limited, maintains its equity share capital at INR 144,716,460, comprising 14,471,646 shares with a face value of INR 10 each. The company's shares are listed on both the National Stock Exchange and Bombay Stock Exchange.

Regulatory Compliance

The disclosure fulfills mandatory requirements under SEBI takeover regulations, which require entities to report changes in shareholding when crossing specified thresholds. Sachin Bansal, Partner at Navodya Enterprises, signed the disclosure documents submitted to the exchanges.

The transaction represents a strategic reduction in Navodya Enterprises' investment in SML Mahindra Limited, bringing the shareholding below the 13% threshold while maintaining a significant stake in the commercial vehicle manufacturer.

SML Mahindra Limited has issued a formal clarification to BSE Limited regarding recent significant movements in its share price. The company responded to an inquiry from the stock exchange dated February 13, 2026, addressing concerns about the price volatility of its securities.

Regulatory Compliance Confirmation

The company has categorically stated that there is no pending information or announcement requiring disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. SML Mahindra emphasized that it has no undisclosed material information that could influence the price behavior of its scrip.

Market Forces Attribution

The company has attributed the recent share price movements to market forces rather than any specific corporate developments. SML Mahindra stated it is not aware of any other drivers affecting the share price beyond normal market dynamics. The management assured that if any relevant information comes to light that could impact share price movement, it will be immediately communicated to the stock exchanges.

Continued Regulatory Adherence

SML Mahindra reiterated its commitment to maintaining compliance with SEBI Listing Regulations and assured continued adherence to existing regulatory frameworks. The company confirmed that it has been consistently meeting all relevant disclosure norms and will continue to do so in the future.

The clarification was signed by Parvesh Madan, Company Secretary and Compliance Officer, and submitted to BSE Limited's Corporate Relationship Department. The company operates from its registered office and works at Village Asron, District Shahid Bhagat Singh Nagar, Punjab, with corporate office located in Chandigarh.