500477

- 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)