5051922026-01-012026-03-315051922026-03-315051922025-03-315051922025-04-012026-03-315051922026-01-012026-03-31in-capmkt:OtherExpenses1Member5051922025-04-012026-03-31in-capmkt:OtherExpenses1Member5051922026-03-31OtherNoncurrentFinancialAssetsDomain15051922026-03-31OtherNoncurrentAssetsDomain15051922026-03-31OtherNoncurrentAssetsDomain25051922026-03-31OtherCurrentFinancialAssetsDomain15051922026-03-31OtherCurrentAssetsDomain15051922026-03-31OtherNoncurrentFinancialLiabilitiesDomain15051922026-03-31OtherNoncurrentFinancialLiabilitiesDomain25051922026-03-31OtherNoncurrentLiabilitiesDomain15051922026-03-31OtherCurrentFinancialLiabilitiesDomain15051922026-03-31OtherCurrentFinancialLiabilitiesDomain25051922026-03-31OtherCurrentLiabilitiesDomain15051922026-01-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15051922025-04-012026-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15051922026-01-012026-03-31RelatedPartyTransactionDomain15051922025-12-31RelatedPartyTransactionDomain15051922026-03-31RelatedPartyTransactionDomain15051922026-01-012026-03-31RelatedPartyTransactionDomain25051922025-12-31RelatedPartyTransactionDomain25051922026-03-31RelatedPartyTransactionDomain25051922026-01-012026-03-31RelatedPartyTransactionDomain35051922025-12-31RelatedPartyTransactionDomain35051922026-03-31RelatedPartyTransactionDomain35051922026-01-012026-03-31RelatedPartyTransactionDomain45051922025-12-31RelatedPartyTransactionDomain45051922026-03-31RelatedPartyTransactionDomain45051922026-01-012026-03-31RelatedPartyTransactionDomain55051922025-12-31RelatedPartyTransactionDomain55051922026-03-31RelatedPartyTransactionDomain55051922026-01-012026-03-31RelatedPartyTransactionDomain65051922025-12-31RelatedPartyTransactionDomain65051922026-03-31RelatedPartyTransactionDomain65051922026-01-012026-03-31RelatedPartyTransactionDomain75051922025-12-31RelatedPartyTransactionDomain75051922026-03-31RelatedPartyTransactionDomain75051922026-01-012026-03-31RelatedPartyTransactionDomain85051922025-12-31RelatedPartyTransactionDomain85051922026-03-31RelatedPartyTransactionDomain85051922026-01-012026-03-31RelatedPartyTransactionDomain95051922025-12-31RelatedPartyTransactionDomain95051922026-03-31RelatedPartyTransactionDomain95051922026-01-012026-03-31RelatedPartyTransactionDomain105051922025-12-31RelatedPartyTransactionDomain105051922026-03-31RelatedPartyTransactionDomain105051922026-01-012026-03-31RelatedPartyTransactionDomain115051922025-12-31RelatedPartyTransactionDomain115051922026-03-31RelatedPartyTransactionDomain115051922026-01-012026-03-31RelatedPartyTransactionDomain125051922025-12-31RelatedPartyTransactionDomain125051922026-03-31RelatedPartyTransactionDomain125051922026-01-012026-03-31AuditorDomain1iso4217:INRiso4217:INRxbrli:shares505192SMLMAHNOTLISTEDINE294B01019SML MAHINDRA LIMITEDMain BoardEquity2025-04-012026-03-312026-04-202026-03-31INRCroresQuarterlyFourth quarterSingle segmentCOMMERCIAL VEHICLE2026-04-2014:30:002026-04-2016:05:00trueCash Flow IndirectDeclaration of unmodified opiniontruetrueNANAfalsetrue2026-01-16https://smlmahindra.com/storage/uploads/policies/Policy%20on%20Materiality%20of%20and%20dealing%20with%20Related%20Party%20Transactions%2016.01.2026.pdffalsefalseNot applicable2026-01-012026-03-31AuditedStandalone8976500000258000009002300000624220000027000000053190000053710000069900000133700000491500000827630000072600000007260000001534000003060000018400000005420000000000542000000274000005694000001448000001037.4637.460037.4637.461. The above audited results were reviewed by the Audit Committee on 20 April 2026 and approved by the Board of Directors in their meeting held on 20 April 2026. The above results for the year ended 31 March 2026 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 https://smlmahindra.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 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. <BR> <BR> 3. The Chief Operating Decision Maker monitors and reviews the performance of the operating segment i.e commercial vehicles and related components as a single operating segment. Considering that there is only one reportable segment, there are no additional disclosures to be provided under Ind AS 108 - Segment information. <BR> <BR> 4.The figures for the quarter ended 31 March 2026 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. <BR> <BR> 5.The Board of Directors at their meeting held on 20 April 2026, has considered and recommended a final dividend of Rs. 23.50 per equity share of Rs. 10 each fully paid up amounting to Rs. 34.01 crores for the year ended 31 March 2026, subject to approval by the shareholders at the ensuing Annual General Meeting. <BR> <BR> 6.On November 21, 2025, the Government of India notified the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively “new labour code”) - consolidating 29 existing labour laws. <BR> In accordance with the new Labour Codes, the Company has currently estimated the incremental impact on retiral benefits to be Rs. 5.47 crores. The Company continues to monitor developments on the Rules to be notified by regulatory authorities, including clarifications / additional guidance from authorities and will continue to assess the accounting implications, basis such developments/ guidance. <BR> <BR> 7.The Ministry of Environment, Forest and Climate Change has notified the Environment Protection (End-of-Life Vehicles) Rules, 2025 ("ELV Rules"), which are effective from 1 April 2025. As per these rules, Extended Producer Responsibility (EPR) obligations are imposed on producers ("vehicle manufacturers") for the scrapping of End-of-Life Vehicles and such obligations are to be fulfilled through the purchase of EPR certificates from registered Vehicle Scrapping Facilities via a Centralised Online Portal. The implementation details and operational procedures of the ELV rules including the modalities of the pricing mechanism for the EPR certificates are yet to be developed. <BR> Consequently, the Company is currently unable to reliably estimate a range of possible outcomes and the potential impact of these rules. The Company will continue to assess the ability to measure its obligations pursuant to the ELV Rules, as and when the aforesaid details of implementation framework are available.2025-04-012026-03-31AuditedStandalone283792000008320000028462400000213916000001000400000-7220000002275800000207400000520300000164940000026322900000213950000002139500000525100000169000005420000000159750000000001597500000298000001627300000144800000105048600000110.39110.3900110.39110.39Other Expenses491500000Other Expenses164940000029119000002330000000045910000023600000000007400000328000004020000020040000040806000006606800000027021000004510000016190000085000001920000029368000003436000009887200000139678000001448000005048600000519340000051934000001065000000002040000003105000003340000002052000000276000008773000002695000000362100000369330000040554000001534000006903800000585800000406000000150000078971000008774400000139678000001. The above audited results were reviewed by the Audit Committee on 20 April 2026 and approved by the Board of Directors in their meeting held on 20 April 2026. The above results for the year ended 31 March 2026 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 https://smlmahindra.com/ and ‘Financial Results’ in ‘Corporates’ section of www.nseindia.com and www.bseindia.com. <BR> <BR> Other financial assets32800000Income tax assets (net)26500000Other non-current assets173900000Other financial assets19200000Other current assets343600000Lease liabilities66800000Other financial liabilities137200000Other non-current liabilities27600000Lease liabilities22800000Other financial liabilities130600000Other current liabilities585800000207500000-896500000-51200000027100000-50000004000000130000003542000000-2043000009200000520300000067800000-106300000-2090000014700000-50000003610000000000678000000-469000002092600000000530700000015619000000000000022000007033000000000000000000000003790000004900000-658300000000000002544000006707000002570000025840000018910000000-889500000141000000141000003100000045100000Remeasurements of the defined benefit plans3660000036600000Remeasurements of the defined benefit plans39800000398000009200000100000002740000029800000SML MAHINDRA LIMITED******MAHINDRA AND MAHINDRA LIMITED******Holding Company from 1st August, 2025Any other transactionRemuneration of WTD/KMP/SMP65000000Approved20600000780000011700000SML MAHINDRA LIMITED******MAHINDRA AND MAHINDRA LIMITED******Holding Company from 1st August, 2025Any other transactionAvailment of Common services250000000Approved28900000560000018000000SML MAHINDRA LIMITED******Junya Yamanishi******Managing Director & CEO till 16th April, 2025RemunerationManagerial remuneration as approved by NRC and Board3000000300000SML MAHINDRA LIMITED******Yasushi Nihikawa******Managing Director & CEO from 17th April, 2025 to 1st August, 2025RemunerationManagerial remuneration as approved by NRC and Board180000002000000SML MAHINDRA LIMITED******Atima Khanna******Independent Director (resigned w.e.f 01-08-2025)RemunerationSitting fee and remuneration/commission of Independent Directors as approved by Board5000000500000SML MAHINDRA LIMITED******Chander Shekhar Verma******Independent DirectorRemunerationSitting fee and remuneration/commission of Independent Directors as approved by Board280000002300000SML MAHINDRA LIMITED******Sanjeev Mehan******Independent Director (resigned w.e.f 01-08-2025)RemunerationSitting fee and remuneration/commission of Independent Directors as approved by Board4000000400000SML MAHINDRA LIMITED******Arun Kumar Malhotra******Independent Director (w.e.f 01-08-2025)RemunerationSitting fee and remuneration/commission of Independent Directors as approved by Board12000000800000SML MAHINDRA LIMITED******Smita Mankad******Independent Director (w.e.f 01-08-2025)RemunerationSitting fee and remuneration/commission of Independent Directors as approved by Board12000000900000SML MAHINDRA LIMITED******Ravi Venkatraman******Independent Director (w.e.f 01-08-2025)RemunerationSitting fee and remuneration/commission of Independent Directors as approved by Board15000000900000SML MAHINDRA LIMITED******Parvesh Madan******Company SecretaryRemunerationManagerial remuneration as approved by NRC and Board360000000SML MAHINDRA LIMITED******Mahindra Holidays And Resorts India Limited******Subsidiary of Parent (Mahindra & Mahindra Limited)Purchase of goods or servicesApproved2000000063000000AuditedtrueM/s B S R & Co. LLPtrue2028-07-31