SML Isuzu Limited is seeking shareholder approval via postal ballot for the appointment of Mr. Yasushi Nishikawa as a Director and as the Managing Director & CEO of the company.
Mr. Nishikawa's appointment as an Additional Director and MD & CEO is effective from 17th April, 2025, for a term of five years.
The e-voting period will commence on 14th June, 2025 (9:00 AM IST) and will end on 13th July, 2025 (5:00 PM IST).
The proposed remuneration for Mr. Nishikawa includes a salary of ₹5,77,500 per month, with potential increases up to ₹8,00,000 per month, and a commission of 1% of net profits (up to 100% of annual salary).
He has over 38 years of experience with Sumitomo Corporation, including positions in Mexico and Japan.