Ashok Leyland Appoints Dr. Gayatri Vyas Dadheech as Senior Management Personnel for Battery Business

Ashok Leyland Limited has announced the categorization of Dr. Gayatri Vyas Dadheech as Senior Management Personnel (SMP) effective March 27, 2026. The company informed stock exchanges about this development in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Leadership Appointment Details

Dr. Gayatri Vyas Dadheech, who serves as President of Battery Business, will now report directly to the Managing Director & CEO. This reporting structure change has resulted in her categorization as Senior Management Personnel under SEBI regulations.

Parameter:	Details
Position:	President, Battery Business
Effective Date:	March 27, 2026
Reporting Structure:	Managing Director & CEO
Categorization:	Senior Management Personnel (SMP)

Professional Background

Dr. Dadheech brings significant expertise to her enhanced role within Ashok Leyland's leadership structure. Her professional credentials include:

Experience: 29 years of visionary R&D experience in electrochemical storage and conversion devices
Career Foundation: Started her career at General Motors in Michigan, USA, 26 years ago
Specialization: Battery technology leadership and innovation

Regulatory Compliance

The appointment notification was made pursuant to Regulation 30 of the SEBI Listing Regulations. The company has provided comprehensive disclosure as required under Regulation 30(6), ensuring full transparency with stakeholders.

Compliance Aspect:	Details
Regulation:	SEBI Listing Obligations & Disclosure Requirements 2015
Notification Date:	March 27, 2026
Event Time:	5:30 P.M. IST
Documentation:	Complete disclosure provided as per regulatory requirements

This strategic appointment reinforces Ashok Leyland's commitment to strengthening its battery business leadership as the company continues to focus on sustainable mobility solutions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.45%	-13.17%	-29.68%	+5.11%	+42.01%	+151.25%

Ashok Leyland has announced board approval for a major investment initiative in its international operations, with the company committing up to £30 million (approximately ₹375 crores) to its UK subsidiary Optare Plc. The investment will be made as equity in one or more tranches, with completion targeted by March 31, 2026.

Investment Details

The commercial vehicle manufacturer's board has formally approved the substantial capital investment under Regulation 30 of SEBI Listing Regulations. The investment represents a significant financial commitment to strengthen the company's overseas operations.

Investment Parameter:	Details
Investment Amount:	Up to £30 million (₹375 crores)
Target Company:	Optare Plc
Location:	United Kingdom
Investment Type:	Equity investment
Completion Timeline:	Within March 31, 2026
Nature of Consideration:	Cash

Subsidiary Performance and Background

Optare Plc, incorporated on January 23, 2008, operates in the manufacture and sale of buses and commercial vehicles. The subsidiary serves as the holding company for Ashok Leyland's electric vehicle initiatives, including Switch Mobility Limited UK and Switch Mobility Automotive Limited.

Financial Year:	Revenue (Consolidated)
FY 2024-25:	₹1,232.59 crores
FY 2023-24:	₹707.30 crores
FY 2022-23:	₹229.72 crores

Shareholding Structure

Currently, Ashok Leyland holds 93.00% shareholding in Optare Plc. Post the equity allotment, the company's shareholding will increase to 93.28%. Additionally, Hinduja Automotive Limited, a promoter of Ashok Leyland, holds 6.52% of Optare Plc's share capital, making this a related party transaction conducted at arm's length based on an independent valuation report.

Strategic Purpose

The approved funding will support loan repayment and other business requirements of Optare Plc. This investment decision reflects Ashok Leyland's strategic focus on expanding and strengthening its international presence, particularly in the electric vehicle segment through its UK operations.