Ashok Leyland Ltd. — AGM Information 2020

Sep 2, 2020

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September 2, 2020

National Stock Exchange of India Ltd BSE Limited Exchange Plaza Phiroze Jeejeebhoy Towers C-1, Block G, Bandra Kurla Complex Dalal Street Bandra (E), Mumbai - 400 051 Mumbai - 400 001 Through: NEAPS Through: BSE Listing Centre Symbol : ASHOKLEY Scrip Code : 500477 Dear Sirs,

Subject : Disclosure of events pursuant to Regulation 30(2) Schedule III - Part A - A (13) of SEBI (Listing Regulations & Disclosure Requirements), 2015 - Summary of the Proceedings of the Seventy First Annual General Meeting held on September 2, 2020

The seventy first Annual General Meeting (“AGM”) of the Members of the Company was held on Wednesday, September 2, 2020 at 3.00 p.m. IST through video conferencing in compliance with and as per the circulars issued by Ministry of Corporate Affairs and the Securities and Exchange Board of India.

Mr. Dheeraj G Hinduja, Chairman of the Company, occupied the Chair. The Chairman called the meeting to order as the requisite quorum was present.

The Chairman introduced the Directors and Key Managerial Personnel viz., Mr. Sanjay K Asher (Chairman of Audit Committee and Stakeholders Relationship Committee), Ms. Manisha Girotra, Chairperson of Nomination and Remuneration of Committee, Prof. Dr. Andreas H Biagosch, Dr. Andrew C Palmer, Mr. Jean Brunol, Mr. Jose Maria Alapont, Mr. Saugata Gupta, Mr. Vipin Sondhi, Managing Director and Chief Executive Officer, Mr. Gopal Mahadevan, Whole-time Director and Chief Financial Officer and Mr. C B Rao, Special Invitee. He also introduced Mr. N Ramanathan, Company Secretary and stated that the representatives of the Statutory Auditors of the Company, M/s. Price Waterhouse & Co Chartered Accountants LLP and Secretarial Auditors were present in the meeting.

The Chairman then delivered his speech.

Mr. Vipin Sondhi, Managing Director and Chief Executive Officer, made an Audio-Visual Presentation on the performance of the Company.

With the unanimous approval of the shareholders’ present, the notice was taken as read. The Company Secretary thereafter explained the remote e-voting process.

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The following businesses were transacted at the meeting.

SNo	Particulars	Type of
..		resolution
1.	Adoption of (a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2020, together with the Reports of the Board of Directors and the Auditors thereon; and (b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2020 together with the Report of Auditors thereon.	Ordinary
2.	Re-appointment Mr. Dheeraj G Hinduja as Director.	Ordinary
3.	Re-appointment of Ms. Manisha Girotra as an Independent Director.	Special
4.	Re-appointment of Dr. Andrew C Palmer as an Independent Director.	Special
5.	Ratification of the Cost Auditors’ Remuneration for the financial year 2019-20.	Ordinary

The Chairman then invited comments and questions from the members. Queries raised by the members with respect to the Company’s response to Covid-19 pandemic, lockdown, electric vehicles business, future business, technology, dividend, CSR, performance of the Company, etc., were clarified/answered by the Chairman at the meeting. The Chairman also stated that any other unanswered queries that the shareholder(s) had raised, they can contact the Secretarial department of the Company for providing response pertaining to the performance of the Company for the financial year 2019-20.

The members were requested to cast their votes (who have not voted so far by e-voting) through the e-voting platform provided by the National Securities and Depository Limited. The Chairman informed the members that the consolidated results of e-voting would be announced within 48 hours and be intimated to the Stock Exchanges and posted on the website of the Company and National Securities Depository Limited.

The Chairman then thanked the members present and declared the meeting as closed. The meeting concluded at 4.30 p.m.

This is for your information and records.

Thanking you,

Yours faithfully,

for Ashok Leyland Limited

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N Ramanathan

Company Secretary

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