Ashok Leyland has appointed Mr. K M Balaji as Whole-Time Director & Chief Financial Officer (CFO) for a period of two years effective May 28, 2026, subject to the approval of the shareholders. The decision was taken by the Board of Directors at their meeting held on May 28, 2026. This appointment reinforces the company's leadership continuity in its finance function.

Mr. K M Balaji is a Fellow member of the Institute of Chartered Accountants of India and holds Management Development Certifications from Harvard Business School, Kellogg School of Management, Indian School of Business, and IIM Ahmedabad. He currently serves as the President, Finance & CFO of the company and has held a distinguished career spanning 32 years. His experience covers internal audit, treasury, MIS & budgets, costing, investor relations, business finance, pricing, product cost engineering, and indirect taxes.

Balaji has managed significant financial operations, including QIP documentation, enterprise valuation for stake sales, and the evaluation of M&A proposals. He has executed cross currency interest rate swaps (CCIRS) and raised more than Rs. 2000 Crores through the placement of Non-Convertible Debentures. Additionally, he handled the finance function independently at a bus assembling plant in Leeds, United Kingdom, for about a year.

Recognized for his contributions, Balaji was awarded the Leading CFO of the year 2024-25 by the Confederation of Indian Industry (CII) for Excellence in Turnaround. He is currently a Member of the Tamil Nadu State Council (TNSC) and Chairman of the CFO Forum of TNSC of CII. He also serves as the Chairman of the Finance Committee of the Global Automotive Research Centre (GARC) under the National Automotive Board (NAB), Ministry of Heavy Industries, Government of India, and is a Member of the Governing Council of NAB.

The disclosure confirms that Mr. K M Balaji is not related to the Directors of the Company as per the 'relative' definition of the Companies Act, 2013. Furthermore, he is not debarred from holding the office of director pursuant to any SEBI order or any other authority, as required pursuant to BSE circular ref no. LIST/ COMP/ 14/ 2018-19 and NSE circular ref no. NSE/CML/2018/24 dated June 20, 2018.

Ashok Leyland has scheduled a series of investor meetings at three major financial conferences in Mumbai during early June 2026. The company will engage with various funds and investors across the Bank of America India Conference, the Morgan Stanley India Investment Forum, and Citi's India Conference. These physical meetings are intended to provide updates and facilitate discussions with the investment community.

The schedule for the meetings, submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, outlines specific dates, times, and venues for each event. No presentations are intended to be made during these sessions, as the focus remains on direct interaction.

Conference Schedule

The following table details the confirmed schedule for the investor meets:

The meetings will be conducted in hourly slots at the respective venues. Ashok Leyland noted that the schedule is subject to changes if necessary. The disclosure was made by N Ramanathan, Company Secretary, on behalf of the company.