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Ashok Leyland Ltd. Board/Management Information 2021
60668_rns_2021-07-02_a06634d8-2763-483b-9b39-20863db65ff0.pdf
Board/Management Information
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July 2, 2021
National Stock Exchange of India Ltd Exchange Plaza C-1, Block G, Bandra Kurla Complex Bandra (E), Mumbai - 400 051
Scrip Code: ASHOKLEY
Through: NEAPS
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001
Stock Symbol: 500477
Through: BSE Listing Centre
Dear Sirs/Madam,
Subject: Resignation Independent Director
Pursuant to the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in terms of SEBI Circular No CIR/CFD/CMD/4/2015 dated September 9, 2015, we wish to inform you that Dr. Andrew C Palmer, Independent Director has stepped down from the Board with effect from July 1, 2021 consequent to him taking up a whole-time position in a subsidiary of the Company. Dr. Andrew C Palmer has confirmed through enclosed resignation letter that there are no material reasons for his resignation, other than those mentioned in his resignation letter.
Consequent to his resignation, Dr. Andrew C Palmer shall also cease to be a Member of the Technology Committee effective July 1, 2021.
Details pursuant to Regulation 30 and other relevant provisions of the SEBI Listing Regulations is enclosed as Annexure-1.
We request you to take the above on record.
A copy of the above will be made available on the website of the Company: www.ashokleyland.com.
Yours faithfully, for ASHOK LEYLAND LIMITED
N Ramanathan Company Secretary Encl.: a/a
Annexure
| S.No. | Name of the Director | Dr. Andrew C Palmer |
|---|---|---|
| 1. | Reason for change viz.,appointment, resignation,removal, death orotherwise; | Dr. Andrew C Palmer resigned from the Board as anIndependent Director consequent to him taking up awhole-time position in a subsidiary of the Company. |
| Dr. Andrew C Palmerhas confirmed that there are nomaterial reasons for his resignation, other than thosementioned in his resignation letter. | ||
| 2. | Date of appointment | Not applicable |
| 3. | Terms of appointment | Not applicable |
| 4. | Brief profile | Not applicable |
| 5. | Disclosure of relationshipsbetween directors (in caseof appointment of adirector) | Not applicable |
| 6. | Information as requiredunder Circular No.LIST/COMP/14/2018-19and NSE/CML/2018/02dated June 20, 2018 issuedby the BSE and NSE,respectively. | Not applicable |
Date: July 1, 2021
To The Chairman, Ashok Leyland Limited, No.1 Sardar Patel Road, Guindy, Chennai-600032.
Dear Chairman,
Subject: Resignation from the position of Independent Director of the Company
I would like to inform you that as I am taking up the whole-time position in Switch Mobility Limited, United Kingdom, a step- subsidiary of the Company, I will not meet the eligibility criteria required to continue to act as an Independent Director of the Company as required under SEBI (LODR) Regulations, 2015 and the Companies Act, 2013.
Therefore, I tender my resignation from the position of Independent Director of the Company with effect from July 1, 2021.
Further, I hereby confirm that there are no other material reasons for my resignation as Independent Director of the Company other than those provide above.
I wish to thank all the members of the Board for their support and guidance during my tenure as Independent Director.
Thanking you. Yours Sincerely
Dr. Andrew C Palmer CMG DIN: 02155231