Ashok Leyland Limited — Others, 18-02-2025: Shareholders meeting

Ashok Leyland has announced a board meeting to seek shareholder approval through a Postal Ballot for ratifying material related party transactions with AML Motors Private Limited. For the fiscal year 2023-24, the transactions amount to ₹1,485 crore, while projections for 2024-25 indicate a range between ₹1,400 crore and ₹1,500 crore. The company emphasizes that these arrangements are at arm’s length and in the ordinary course of business. Investors may view this as a neutral impact, with ongoing transactions likely ensuring continuity in sales and service support in Karnataka, crucial for maintaining growth momentum.