Ashok Leyland Limited has secured a favourable ruling from an Arbitral Tribunal in New Delhi regarding a long-standing dispute with the Delhi Transport Corporation (DTC). The tribunal awarded the company ₹222.65 crore plus interest at 10% per annum, covering the pre-arbitration, pendente lite, and post-award periods until payment. This legal victory resolves claims arising from bus supply contracts established between 2009 and 2011.

Key Outcomes of the Arbitral Award

The ruling addresses the primary claim by Ashok Leyland and a counterclaim raised by the Delhi Transport Corporation. The tribunal also awarded legal costs of ₹2.96 crore to the company. The following table summarises the key details of the arbitral award:

Dispute Background and Resolution

The dispute originated from contracts where Ashok Leyland supplied buses to DTC between 2009 and 2011. Following the raising of certain claims, Ashok Leyland initiated arbitration proceedings in 2013. While the original claim filed by the company was ₹445 crore, the tribunal allowed part of these claims. The tribunal rejected the entire counterclaim of ₹136 crore raised by DTC. Ashok Leyland stated that it is currently reviewing the award contents to ascertain the final amount inclusive of interest and is considering available options regarding the remaining claimed amount that was not awarded.

Ashok Leyland Limited has scheduled its 77th Annual General Meeting (AGM) for Friday, August 14, 2026, at 3.00 P.M. IST. The meeting will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013 and relevant SEBI regulations. Members participating through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Act.

Shareholders whose names appear in the register of members or the list of beneficial owners as of Friday, August 7, 2026, are entitled to vote on the resolutions set forth in the AGM notice. The electronic copies of the Notice and the Annual Report for FY 2025-26 will be sent to members with registered email addresses. Hard copies will be dispatched only to those who specifically request them by emailing the company or its Registrar and Share Transfer Agent.

The company has urged members holding shares in physical mode to register or update their email addresses and mobile numbers with the company or the RTA. Additionally, SEBI mandates that holders of physical securities must furnish their PAN, email address, mobile number, bank account details, and nomination details. Members are required to submit these details in the prescribed Form ISR-1.

Ashok Leyland also informed shareholders that dividends will be processed only in electronic mode, and the issuance of dividend warrants or cheques has been discontinued. Members holding shares in physical mode must update their bank mandates to receive dividends directly. Those holding shares in dematerialized form should update their email addresses and bank mandates with their Depository Participants.

Furthermore, the company highlighted a special window opened by SEBI from February 5, 2026, to February 4, 2027, to facilitate the transfer and dematerialisation of physical securities sold or purchased prior to April 1, 2019, but not transferred earlier due to documentation deficiencies. Eligible requests processed under this window will result in transfer cum dematerialisation, subject to a mandatory one-year lock-in from the date of registration of transfer.