SML Isuzu Limited announced that the Board of Directors of the company at the Meeting held on 23 May 2018 recommended a dividend of INR 1.50 per equity share for the financial year ended 31 March 2018. The dividend will be paid/dispatched within 30 days from the date of approval of the shareholders at the upcoming General Meeting.

The company also approved the resignation received from Mr. Eiichi Seto as Managing Director & CEO with effect from August 10, 2018. However, he will continue as a Non-Executive Director on the Board of the company. The company approved the resignation received from Mr. Takahiro Imai, Director - R&D (Isuzu Products & Projects), with effect from April 28, 2018. However, he will continue as a Non-Executive Director on the Board of the Company. The company approved the appointment of Mr. Yugo Hashimoto as an additional director on the board of the company with effect from August 10, 2018, subject to issue of DIN by the Ministry of Corporate Affairs (MCA) Govt. of India. The Board has also approved his appointment as Managing Director & CEO of the Company with effect from August 10, 2018 for a period of five years subject to the approval of shareholders at the upcoming Annual General Meeting of the Company and Central Government, if required.