5051922025-04-012025-06-305051922025-04-012025-06-30in-capmkt:OtherExpenses1Member5051922025-04-012025-06-30ItemsThatWillNotBeReclassifiedToProfitAndLoss1iso4217:INRiso4217:INRxbrli:shares505192SMLISUZUNOTLISTEDINE294B01019SML ISUZU LIMITEDMain BoardEquity2025-04-012026-03-312025-07-222025-07-08INRCroresQuarterlyFirst quarterSingle segmentCOMMERCIAL VEHICLE2025-07-2211:30:002025-07-2212:50:00Not applicablefalsefalseNot applicable2025-04-012025-06-30UnauditedStandalone845890000020600000847950000057032000002622000004608000005797000005090000012430000040290000075840000008955000000895500000242200000-1630000022590000006696000000000669600000-40000006656000001448000001046.2746.270046.2746.271 The above unaudited results were reviewed by the Audit Committee on 21 July 2025 and approved by the Board of Directors in their meeting held on 22 July 2025. The unaudited results for the current quarter, have been subjected to limited review by the Statutory Auditors of the Company. The unmodified review report of the Statutory Auditors is being filed with the BSE and National Stock Exchange Limited. For more details on the unaudited 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. <BR> <BR> 2 The above financial results have been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, Interim Financial Reporting Ind AS 34, prescribed under section 133 of the Companies Act, 2013 the Act, and other accounting principles generally accepted in India and is in compliance with the presentation and disclosure requirements of Regulation 33 of the Listing Regulations, including relevant circulars issued by the SEBI from time to time. <BR> <BR> 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. <BR> <BR> 4 The figures for the quarter ended 31 March 2025, 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. <BR> <BR> 5 On 26 April 2025, Sumitomo Corporation, Japan Promoter shareholder and Isuzu Motors Limited, Japan Public shareholder entered into Share Purchase Agreements with Mahindra & Mahindra Limited Acquirer, whereby they 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. <BR> Further, on 5 May 2025, the Acquirer 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. <BR> The Acquirer has received unconditional approval from the Competition Commission of India CCI for the said acquisition and the Open Offer on 17 June 2025. The transaction remains subject to the completion of other customary conditions precedent. <BR> <BR> 6 During the year ended 31 March 2025 and quarter ended 30 June 2025, the Company received anonymous complaints alleging that some employees may have financial dealings with specific dealers. The Company, on the directions of Audit Committee, appointed an external expert for carrying out a factbased review, who submitted their report to the Audit Committee and the Audit Committee further appointed a subcommittee of two independent directors subcommittee to look into all aspects and conclude the matter. Based on findings of the expert and the subcommittee, there is no substantiated evidence of financial impropriety or fraud against the Company. Accordingly, management has concluded that there is no impact on the accompanying financial results of the Company. <BR> <BR> 7 The CEO and CFO have certified these results under Regulation 332 of SEBI LODR Regulations, 2015. <BR> 8 Previous period figures have been regrouped or reclassified wherever necessary, to confirm to current periods classification. <BR> <BR> Other Expenses402900000Remeasurement gains / (losses) gains on defined benefit plans-5300000-5300000-13000000-4000000