SML Mahindra Ltd Announces Change in Internal Audit Leadership

SML Mahindra Ltd Announces Change in Internal Audit Leadership​

SML Mahindra Limited Trucks & Buses has announced changes regarding its internal audit function following a Board meeting held on June 30, 2026. The company confirmed the cessation of one auditor and the appointment of another individual to oversee its internal audit operations.

K. N. Vaidyanathan ceased his role as the Internal Auditor of SML Mahindra Limited with effect from the close of business hours on June 30, 2026. This change occurred upon the conclusion of his tenure as the Group Chief Internal Auditor of Mahindra & Mahindra Limited, Holding Company.

The company announced the appointment of Mr. Vimal Agarwal as the new Internal Auditor. His appointment is effective from July 1, 2026. Mr. Agarwal has been appointed in his capacity as the Group Chief Internal Auditor of Mahindra & Mahindra Limited, which commenced on July 1, 2026.

The company provided detailed insights into the background and qualifications of the newly appointed auditor, Mr. Vimal Agarwal.

Profile Details of Mr. Vimal Agarwal​

Mr. Vimal Agarwal holds a Chartered Accountant qualification and an MBA, bringing 25 years of experience in finance, governance, and business strategy across multinational corporations and listed Indian entities. His expertise includes strengthening governance frameworks, enhancing internal controls, and assisting Boards and leadership teams in executing growth strategies.

During his tenure at PepsiCo India, Mr. Agarwal held multiple senior leadership roles. In addition to driving financial operations, planning and analytics, and supply chain finance, he successfully embedded robust internal controls and strong governance practices. Following his time at PepsiCo, he partnered with business leaders at Mahindra Lifespaces as CFO, where he contributed to scaling sales, increasing market capitalization, and managing fundraising, digitalization, and private equity joint ventures. Most recently, serving as the CFO of Mahindra Holidays & Resorts for the past two years, he facilitated a comprehensive growth strategy and utilized his expertise in financial planning, investor relations, and performance optimization.

SMLMAH Stock Price Movement​

SML Mahindra Limited shares slip slightly as of 11:32 AM, shedding ₹2.40 or 0.06% in live trading and currently standing at ₹4024.8. The stock is being traded actively with a volume of 16,361 shares recorded so far this session.