SML Isuzu seeks shareholder approval for Yasushi Nishikawa's appointment

SML Isuzu (BSE:SMLISUZU) has announced a postal ballot seeking shareholder approval for the appointment of Mr. Yasushi Nishikawa (DIN 11027072) as both a Director and the Managing Director & Chief Executive Officer of the company, effective April 17, 2025. The e-voting period will commence on June 14, 2025, at 9:00 AM (IST) and conclude on July 13, 2025, at 5:00 PM (IST). The proposed remuneration includes a salary of INR 577,500 per month, potential increases up to INR 800,000 per month, and a commission of 1% of net profits (maximum 100% of annual salary), along with perquisites and allowances. The company has appointed Mr. Kanwaljit Singh as the Scrutinizer for the e-voting process, with results to be announced by July 15, 2025.