Nature of change: Appointment of Mr. Venkatesan Venkataraman (DIN: 09635261) as Additional Director in the capacity of Non-Executive Non-Independent Director, liable to retire by rotation.
Effective date: The appointment is effective from November 14, 2026, subject to approval of shareholders within timelines prescribed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Profile and qualifications: Mr. Venkatesan Venkataraman is a British national with over 45 years of experience in the commercial vehicle sector. He holds a mechanical engineering degree and postgraduate qualification in business management. His expertise spans industrial engineering, project planning, business and product planning, project management, performance monitoring, corporate strategy, business development, acquisitions, divestments, and operational leadership.
Career history: He began his career with Ashok Leyland as a Graduate Trainee and held leadership positions across several functions. He contributed to technology transfer programmes involving Hino engines and ZF gearboxes, and introduction of the Cargo intermediate commercial vehicle range.
Current roles: He is currently President of Hinduja Automotive Limited and serves on its Board of Directors.
Strategic contributions: He led the acquisition of Avia Motors in the Czech Republic to strengthen Ashok Leyland's intermediate commercial vehicle portfolio, served as Chief Operating Officer during initial stabilization, and later led its divestment. He also worked closely with the Chairman during a significant management transition at Ashok Leyland.
Relationships: Not related to any other Directors of the Company as per the definition of 'relative' under the Companies Act, 2013.
Eligibility: Mr. Venkatesan is not debarred from holding the office of director pursuant to any SEBI order or any other authority.
Board Meeting Details
The Board meeting was held on November 14, 2026, based on the recommendation of the Nomination and Remuneration Committee.
The meeting commenced at 2.45 P.M. IST and concluded at 6.00 P.M. IST.
