SML Mahindra Limited has informed the Exchange that Board of Directors at its meeting held on November 06, 2026, has decided to issue equity shares on rights basis. The Board of Directors of the Company in its meeting held today i.e. 6th November, 2026 has inter-alia, considered and approved raising of funds through the issuance of fully paid-up equity shares of the Company of the face value of Rs. 10/- each by way of a rights issue (the ""Rights Issue"") for an amount not exceeding Rs. 1450 Crore (Rupees One Thousand Four Hundred and Fifty Crore) to the eligible equity shareholders of the Company as on the record date (to be determined and notified subsequently), subject to receipt of regulatory and statutory approvals, as may be applicable in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable laws.