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- ICRA Limited has reaffirmed the credit ratings for Ashok Leyland Ltd's various debt instruments and bank facilities amounting to ₹7,379.38 Crores. - Commercial paper rating reaffirmed at [ICRA]A1+ (Rated Amount: ₹2,000.00 Cr). - Non-Convertible Debentures and Long-term/Short-term fund and non-fund based limits reaffirmed at [ICRA]AA+ (Stable) / [ICRA]A1+.

- Ashok Leyland reported total monthly sales of 24,049 units in September 2026, an increase of 28% YoY compared to 18,813 units in September 2025. - Total M&HCV sales (Domestic + Exports) stood at 16,188 units, up 37% YoY. - LCV sales for the month grew by 12% YoY to 7,861 units. - Cumulative total vehicle sales for FY27 reached 1,13,440 units, a growth of 22% YoY.

- CARE Ratings Limited has reaffirmed Ashok Leyland's credit ratings for various facilities totaling ₹6,000 Cr. - Long Term / Short Term Bank Facilities are reaffirmed at CARE AA+; Stable / CARE A1+. - Short Term Bank Facilities and Commercial Paper are reaffirmed at CARE A1+. - Ratings were withdrawn for facilities not availed and/or repaid.

- Concall Schedule - Concall Date: 23rd September 2026 - Concall Time: 09.30 to 17.50 hrs. HKT - Event: CLSA 33rd Investor Forum 2026 - Venue: Grand Hyatt, 1 Harbour Road, Wan Chai, Hong Kong

- Investor Meeting Schedule: Ashok Leyland to attend Bank of America 2026 Asia Pacific Conference - Meeting Date: 22nd September 2026 - Meeting Time: 10.00 to 16.50 hrs. HKT - Venue: Island Shangri-la Hong Kong - Mode: Physical

- Concall Schedule - Concall Date: 21st September 2026 - Concall Time: 10.00 to 18.00 hrs. IST

- Concall Schedule - Concall Date: 11th September 2026 - Concall Time: 11.00 to 16.30 hrs. IST

- Ashok Leyland reported total vehicle sales of 21,038 units (Domestic + Exports) in August 2026, marking a 38% increase year-on-year compared to August 2025 (15,239 units). - Cumulative total vehicle sales for April-August 2026 stood at 89,391 units, up 20% year-on-year from 74,541 units in the same period last year. - M&HCV Truck sales (Domestic + Exports) for August 2026 grew by 60% year-on-year to 10,748 units.

- Investor Meeting Schedule - Date: September 4, 2026 - Time: 15.00 to 16.30 hrs. IST - With: ICICI Securities Auto Tour - Venue: Ashok Leyland Corporate Office, Guindy, Chennai

- Q1 FY27 Consolidated Revenue ₹9,634Cr vs ₹8,758Cr (▲10% YoY) - EBITDA ₹970Cr vs ₹970Cr (Flat YoY) - PAT ₹609Cr vs ₹591Cr (▲3% YoY) - EBITDA Margin 10.1% vs 11.1% (▼100bps) - Achieved record high CV volume, revenue, profit, and cash surplus for Q1 FY27. - Domestic MHCV truck volume increased 15% YoY; LCV offtake volume increased 21% YoY. - Outlook: Commodity costs expected to peak in Q2 and soften from Q3/Q4; company implementing price hikes and cost savings. - Net cash position strengthened to ₹2,252Cr (▲₹1,431Cr YoY); EV subsidiary Switch Mobility has a healthy order book of 2,100 e-buses.

- The voting results of the 77th Annual General Meeting (AGM) held on August 14, 2026, were submitted on August 17, 2026. - All 7 resolutions were passed with the requisite majority. - Key resolutions included the adoption of financial statements for FY26, confirmation of a total dividend of ₹3.50 per equity share for FY26, and re-appointment/appointment of directors.

- 77th Annual General Meeting held on August 14, 2026. - Adopted Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026. - Confirmed total final dividend of ₹3.50 per equity share (₹1 + ₹2.50) for FY ended March 31, 2026. - Re-appointed Mr. Dheeraj G Hinduja as Executive Chairman. - Appointed Mr. K M Balaji as Whole-time Director and Chief Financial Officer.

- Board of Directors approved two investments. - Investment 1: Up to GBP 25 million (approximately ₹325 Crore) in Optare Plc, UK, a subsidiary, increasing shareholding to 93.49% post-allotment. Optare Plc is in the business of manufacturing buses and commercial vehicles. - Investment 2: Up to ₹500 Crore in Hinduja Housing Finance Limited (HHFL), a step-down subsidiary, via secondary purchase of shares from Hinduja Leyland Finance Limited. HHFL is an affordable housing finance company. - The investment in HHFL is expected to generate funds for HLFL's business growth, indirectly aiding Ashok Leyland's Commercial Vehicle sales, and is deemed value accretive.

- Ashok Leyland's current auditors, Price Waterhouse & Co., will complete their 10-year tenure at the 78th Annual General Meeting (AGM) in 2027. - The Board has approved the appointment of Deloitte Haskins & Sells as the new statutory auditors for a 5-year period from the conclusion of the 78th AGM (2027) till the 83rd AGM (2032), subject to shareholder approval.

- Q1 FY27 Consolidated Revenue ₹13,069.59Cr vs ₹11,708.54Cr (▲11.63% YoY) - EBITDA ₹2,416.21Cr vs ₹2,177.88Cr (▲10.94% YoY) - PAT ₹667.77Cr vs ₹657.72Cr (▲1.53% YoY) - EBITDA Margin 18.49% vs 18.60% (▼11bps)