Ashok Leyland Ltd. — Regulatory Filings 2021

Apr 15, 2021

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April 15, 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 Scrip Code: 500477 Through: BSE Listing Centre

Dear Sir/Madam,

Sub: Regulation 30 (Disclosure of events or information) - Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pursuant to Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company and Hinduja Leyland Finance Limited (a subsidiary of the Company) has jointly incorporated a Company in the name of “Gro Digital Platforms Limited” on April 14, 2021.

The details required under Regulation 30 of SEBl (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given as an annexure.

We request you to kindly note and take the above information on record.

Thanking you,

Yours faithfully, for ASHOK LEYLAND LIMITED

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N Ramanathan Encl: a/a

Company Secretary

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Annexure

S.No.	Details of the Event	Information of such events
1.	Name of the Target entity, details in brief such as size, turnover etc.	Gro Digital Platforms Limited (“GDPL”) Authorised and Paid up Share Capital: Rs.15 Lakhs Revenue as on March 31, 2021: Yet to commence operations
2.	a. whether the acquisition would fall within related party transaction(s) b. whether the promoter/ promoter group/ group companies have any interest in the entity being acquired c. If yes, nature of interest and details thereof and whether the same is done at "arm's length"	Yes Yes, being promoter and shareholder of GDPL. Yes, the investment in the equity shares of GDPL is at arm’s length.
3.	Industry to which the entity being acquired belongs	Freight Mobility and associated services relatingto fleet-owners.
4.	Objects and effects of acquisition (including but not limited to, disclosure of reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity)	GDPL is incorporated to carry on the business of freight mobility and associated services relating to fleet-owners
5.	Brief details of any governmental or regulatory approvals required for the acquisition	Not applicable
6.	Indicative time period for completion of the acquisition	Not applicable
7.	Nature of consideration – whether cash consideration or share swap and details of the same	Cash
8.	Cost of acquisition or the price at which the shares are acquired	Rs.10/- per share each.
9.	Percentage of shareholding/ control acquired and /or number of shares acquired	50%

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S.No.	Details of the Event	Information of such events
10	. Brief background about the entity acquired in terms of products/line of business acquired, date of incorporation, history of last 3 years turnover, country in which the acquired entity has presence and any other significant information (in brief);	GDPL is incorporated on April 14, 2021 and is yet to commence operations. The Registered Office of the Company is at No.1, Sardar Patel Road, Guindy, Chennai - 600 032.

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