ASHOK LEYLAND LTD.

Ashok Leyland Ltd reported its monthly business update for June 2026, showcasing significant year-on-year growth across its vehicle segments. Total domestic sales increased by 26%, reaching 46,302 units compared to 41,227 units in the same period last year. Medium and Heavy Commercial Vehicles (M&HCV) saw a 26% rise in sales to 27,428 units, driven by a 44% increase in M&HCV Trucks. Light Commercial Vehicles (LCV) also experienced robust growth, with sales up by 21% to 18,874 units. Including exports, total vehicle sales grew by 25% to 48,763 units. The company's performance indicates strong market demand and effective sales strategies.

Ashok Leyland Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure will be effective from July 1, 2026, and will remain in effect until 48 hours after the company's unaudited financial results for the quarter ended June 30, 2026, are made public. This measure is in accordance with the company's Code of Conduct for regulating and monitoring trading by designated employees. The information is also available on the company's website.

Ashok Leyland reported its sales figures for May 2026. Domestic sales of M&HCV trucks decreased by 5% YoY, while M&HCV buses decreased by 35%. LCV sales increased by 13%. Total domestic vehicle sales decreased by 3% YoY. Total vehicles sales, including exports, decreased by 4% YoY. Cumulative total vehicle sales, including exports, increased by 2%.

The Board of Directors of 500477 has appointed Mr. K M Balaji as a Whole-Time Director & CFO for a period of two years, effective May 28, 2026. This appointment is contingent on shareholder approval. Mr. Balaji is a Fellow member of the Institute of Chartered Accountants of India and holds management development certifications from prestigious institutions like Harvard Business School and Kellogg School of Management. He currently serves as the President, Finance & Chief Financial Officer of the Company, bringing 32 years of experience across various finance functions including Treasury, MIS, Investor Relations, M&A evaluation, and fundraising, having raised over ₹2000 Crores via NCDs. He was recognized as the Leading CFO of the year 2024-25 by CII for Excellence in Turnaround. He is not related to any other directors and is not debarred by SEBI.

The Board of Directors of 500477 has approved the incorporation of a wholly-owned subsidiary company in Indonesia. This strategic decision is contingent upon obtaining all necessary regulatory approvals and adhering to applicable laws. The company will provide further disclosures as required by SEBI regulations once the subsidiary is officially incorporated. The board meeting for this approval was held from 11:00 a.m. IST to 2:45 p.m. IST.

Ashok Leyland's Board of Directors, based on the Nomination and Remuneration Committee's recommendation, has re-appointed Mr. Dheeraj G Hinduja (DIN:00133410) as Executive Chairman for a period of three years, effective November 26, 2026. This re-appointment is contingent on shareholder and other regulatory approvals. Mr. Hinduja, a third-generation member of the Hinduja Family, holds a B.Sc. (Hons) in Economics & History and an MBA. He brings over 30 years of strategic and leadership experience across diverse sectors including Automotive, Finance, Power, and IT, within the globally diversified Hinduja Group. He is not related to other directors of the company and is not debarred by any regulatory authority.

Ashok Leyland's Board approved audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The company declared a second interim dividend of ₹2.50 per equity share for FY26, payable on or before June 26, 2026, with a record date of June 3, 2026. No final dividend will be paid for FY26. The filing also detailed outstanding qualified borrowings, which decreased from ₹1228.34 Cr to ₹1,002.04 Cr by year-end. Auditors issued an unmodified opinion on the results.

The Board of Directors of 500477, at their meeting held today, approved the convening of the company's 77th Annual General Meeting (AGM) on Friday, August 14, 2026. The meeting will be conducted through Video Conferencing / Other Audio-Visual means. The board meeting, where this approval was made, commenced at 11:00 a.m. IST and concluded at 2:45 p.m. IST.

The Board of Directors of 500477 (Ashok Leyland Limited) approved the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. Concurrently, they declared a second interim dividend of ₹2.50 per equity share for the financial year ended March 31, 2026. The record date for this dividend is set for Wednesday, June 3, 2026, with payment scheduled on or before June 26, 2026. The company confirmed there will be no final dividend for FY 2025-26. The statutory auditors issued an unmodified opinion on the financial results. Additionally, the company disclosed outstanding qualified borrowings of ₹1,002.04 Crores and incremental qualified borrowings of ₹103.00 Crores for FY26.

The Board of Directors has given in-principle approval for the issuance of Non-Convertible Debentures (NCDs) totaling up to ₹300 Crores. These NCDs will be issued in one or more tranches/series through a Private Placement basis. The Fund-Raising Committee has been authorized to determine and finalize the specific terms and conditions for the issuance and allotment. Further disclosures, as per SEBI regulations, will be provided when the NCDs are actually issued and/or allotted. This move indicates the company's intent to raise capital through debt.