5051922025-01-012025-03-315051922025-03-315051922024-03-315051922024-04-012025-03-315051922025-01-012025-03-31in-capmkt:OtherExpenses1Member5051922024-04-012025-03-31in-capmkt:OtherExpenses1Member5051922025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15051922024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15051922025-01-012025-03-31RelatedPartyTransactionDomain15051922024-12-31RelatedPartyTransactionDomain15051922025-03-31RelatedPartyTransactionDomain15051922025-01-012025-03-31RelatedPartyTransactionDomain25051922024-12-31RelatedPartyTransactionDomain25051922025-03-31RelatedPartyTransactionDomain25051922025-01-012025-03-31RelatedPartyTransactionDomain35051922024-12-31RelatedPartyTransactionDomain35051922025-03-31RelatedPartyTransactionDomain35051922025-01-012025-03-31RelatedPartyTransactionDomain45051922024-12-31RelatedPartyTransactionDomain45051922025-03-31RelatedPartyTransactionDomain45051922025-01-012025-03-31RelatedPartyTransactionDomain55051922024-12-31RelatedPartyTransactionDomain55051922025-03-31RelatedPartyTransactionDomain55051922025-01-012025-03-31RelatedPartyTransactionDomain65051922024-12-31RelatedPartyTransactionDomain65051922025-03-31RelatedPartyTransactionDomain65051922025-01-012025-03-31RelatedPartyTransactionDomain75051922024-12-31RelatedPartyTransactionDomain75051922025-03-31RelatedPartyTransactionDomain75051922025-01-012025-03-31RelatedPartyTransactionDomain85051922024-12-31RelatedPartyTransactionDomain85051922025-03-31RelatedPartyTransactionDomain85051922025-01-012025-03-31RelatedPartyTransactionDomain95051922024-12-31RelatedPartyTransactionDomain95051922025-03-31RelatedPartyTransactionDomain95051922025-01-012025-03-31RelatedPartyTransactionDomain105051922024-12-31RelatedPartyTransactionDomain105051922025-03-31RelatedPartyTransactionDomain105051922025-01-012025-03-31RelatedPartyTransactionDomain115051922024-12-31RelatedPartyTransactionDomain115051922025-03-31RelatedPartyTransactionDomain115051922025-01-012025-03-31RelatedPartyTransactionDomain125051922024-12-31RelatedPartyTransactionDomain125051922025-03-31RelatedPartyTransactionDomain125051922025-01-012025-03-31RelatedPartyTransactionDomain135051922024-12-31RelatedPartyTransactionDomain135051922025-03-31RelatedPartyTransactionDomain135051922025-01-012025-03-31RelatedPartyTransactionDomain145051922024-12-31RelatedPartyTransactionDomain145051922025-03-31RelatedPartyTransactionDomain145051922025-01-012025-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares505192SMLISUZUNOTLISTEDINE294B01019SML ISUZU LIMITEDMain BoardEquity2024-04-012025-03-312025-05-302025-05-09INRCroresQuarterlyFourth quarterSingle segmentCOMMERCIAL VEHICLE2025-05-3011:00:002025-05-3013:55:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2025-02-07https://www.smlisuzu.com/storage/uploads/finance_reports/RPTPolicy.pdffalsefalseNot applicable2025-01-012025-03-31AuditedStandalone7713800000172000007731000000539590000024680000017150000052660000089300000120900000468600000701960000071140000007114000002440000015750000018190000005295000000000529500000-124000005171000001448000001036.636.60036.636.61. The above audited results were reviewed by the Audit Committee on 29 May 2025 and approved by the Board of Directors in their meeting held on 30 May 2025. The above results for the year ended 31 March 2025 have been audited by the Statutory Auditors of the Company. The unmodified audit report of the Statutory Auditors is being filed with the BSE and National Stock Exchange Limited. For more details on the audited results, visit disclosure section of our website at www.smlisuzu.com and Financial Results in Corporates section of www.nseindia.com and www.bseindia.com. 2.The above financial results have been prepared in accordance with the recognition and measurement principles of the Indian Accounting Standards Ind AS prescribed under section 133 of the Companies Act, 2013 the Act read with the Companies Indian Accounting Standards Rules, 2015 as amended from time to time, and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015 as amended, including relevant circulars issued by the SEBI from time to time. 3.The Company is primarily engaged in the business of manufacturing of commercial vehicles and related components which constitutes a single business segment and accordingly, disclosure requirements of Ind AS 108, Operating Segments are not required to be given. As defined in Ind AS 108, the Chief Operating Decision Maker CODM, i.e. the Board of Directors, evaluates the performance of the Company and allocates resources based on the analysis of the various performance indicators of the Company as a single unit. 4.The figures for the quarter ended 31 March 2025 and the corresponding quarter ended in the previous year, as reported in these financial results, are the balancing figures between audited figures in respect of the full financial year and the published year to date figures upto the end of third quarter of the relevant financial year. Also, the figures upto the end of the third quarter had only been reviewed and not subjected to audit. 5. Subsequent to the year ended 31 March 2025, Sumitomo Corporation, Japan Promoter shareholder and Isuzu Motors Limited, Japan Public shareholder have entered into Share Purchase Agreements with Mahindra and Mahindra Limited Acquirer on 26 April 2025, whereby they have agreed to sell 63,62,306 equity shares representing 43.96% of the equity share capital of the Company and 21,70,747 equity shares representing 15.00% of the equity share capital of the Company respectively, of face value of Rs.10 each, at a price of Rs. 650 per share.Further, on 5 May 2025, the Acquirer has published a Detailed Public Statement to the public shareholders announcing the Open Offer for acquisition of upto 37,62,628 fully paid equity shares of face value of Rs.10 each, representing 26% of the equity share capital of the Company, at a price of Rs. 1,554.60 per share. The aforesaid acquisition and the Open Offer are subject to satisfaction of customary conditions precedent including, but not limited to, receipt of approval from the Competition Commission of India CCI. 6. The Board of Directors at their meeting held on 30 May 2025, has considered and recommended a final dividend of 180% Rs. 18 per equity share of Rs. 10 each fully paid up amounting to Rs. 26.05 crores for the year ended 31 March 2025, subject to approval by the shareholders at the ensuing Annual General Meeting. 7. The Company has received anonymous complaint alleging that some employees may have financial dealings with specific dealers. To investigate the matter, the Company, on the directions of Audit Committee, has appointed an external expert who has submitted their report to the Audit Committee and the Audit Committee has appointed a subcommittee of two independent directors to look into all aspects and conclude the matter. Based on experts findings, there is no evidence of financial impropriety or fraud against the Company. Management is confident that this matter is not expected to have any material impact on the accompanying financial results and consequently, no adjustment is required to be made to the financial results for the quarter and year ended 31 March 2025. 8. The CEO and CFO have certified these results under Regulation 332 of SEBI LODR Regulations, 2015. 2024-04-012025-03-31AuditedStandalone23989900000606000002405050000017264800000878500000779000002062600000298800000483500000136060000022426700000162380000001623800000331000003740000004071000000121670000000001216700000-14400000120230000014480000010084.0884.080084.0884.08Other Expenses468600000Other Expenses1360600000263450000042290000000575900000172000000000015100000288000004390000001120000003961200000577990000002652500000310000001673000009000000220000002881800000037120000090329000000012994100000144800000368180000038266000003826600000625500000000148200000773700000480100000178300000018400000145050000025923000003265000003374800000370130000027940000065730000007900000003310000002300000007717000000009167500000129941000002988000007100000-9619000000-12720000072000002600000-700000003830000000134900000-1000004835000000-2800000-42000000240000050000001200000041000000000001190000001556000001779400000000460000001774800000000000002500000619800000000000000000000000400000000-32100000-609400000000000005809000001519700000245000002324000002877000000800000-1482600000-3172000000-31720000034820000031000000Remeasurement gains / (losses) gains on defined benefit plans-16700000-16700000Remeasurement gains / (losses) gains on defined benefit plans-19300000-19300000-4300000-490000000-12400000-14400000SML ISUZU LIMITED******Sumitomo Corporation, Japan******PromoterPurchase of goods or services9300000Approved3800000-1600000-1800000SML ISUZU LIMITED******Sumitomo Corporation, Japan******PromoterAny other transactionFee on Corporate Gurantee taken in respect of banking facilities28200000Approved000SML ISUZU LIMITED******Sumitomo Corporation, Japan******PromoterAny other transactionOther current Liabilities/Assets0NA026000001000000SML ISUZU LIMITED******Sumitomo Corporation, Japan******PromoterDividend paidDividend approved by the shareholders10180000000SML ISUZU LIMITED******Isuzu Motors Limited, Japan******Significant shareholderDividend paidDividend approved by the shareholders3470000000SML ISUZU LIMITED******Navodaya Enterprises (including PAC)******Shareholder (PAC)Dividend paidDividend approved by the shareholders (Navodya Enterprises (Acquirer) along with Person Acting in Concert (PAC) - SPV Traders, Anandam Enterprises, Sapna Gupta and Sachin Bansal)4560000000SML ISUZU LIMITED******Junya Yamanishi******Managing Director & CEO (ceased w.e.f. 16th April, 2025)RemunerationManagerial remuneration as approved by Board1110000006900000SML ISUZU LIMITED******Rakesh Bhalla******Chief Financial officerRemunerationManagerial remuneration as approved by Board430000000SML ISUZU LIMITED******Parvesh Madan******Company SecretaryRemunerationManagerial remuneration as approved by Board290000000SML ISUZU LIMITED******Surender Kumar Tuteja******Independent DirectorRemunerationSitting fee and remuneration of Independent Directors as approved by Board130000001300000SML ISUZU LIMITED******Sudhir Nayar******Independent DirectorRemunerationSitting fee and remuneration of Independent Directors as approved by Board130000001300000SML ISUZU LIMITED******Atima Khanna******Independent DirectorRemunerationSitting fee and remuneration of Independent Directors as approved by Board290000002500000SML ISUZU LIMITED******Chandra Shekhar Verma******Independent DirectorRemunerationSitting fee and remuneration of Independent Directors as approved by Board290000002500000SML ISUZU LIMITED******Sanjeev Mehan******Independent DirectorRemunerationSitting fee and remuneration of Independent Directors as approved by Board170000001300000214300000AuditedtrueWalker Chandiok & Co LLPtrue2028-05-31