Date: August 03, 2026
Board Meeting Outcomes
Ashok Leyland Limited submitted scrutinizer reports from its material subsidiary, Hinduja Leyland Finance Limited, regarding meetings convened by the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench. The meetings were held to seek approval for a Scheme of Merger by Absorption of Hinduja Leyland Finance Limited (Transferor Company) with NDL Ventures Limited (Transferee Company).
Disinvestment / Strategic Actions
- Scheme of Merger by Absorption of Hinduja Leyland Finance Limited (Transferor Company) into NDL Ventures Limited (Transferee Company)
- Appointed Date: April 01, 2026
- The scheme was approved by both unsecured creditors and equity shareholders of Hinduja Leyland Finance Limited
Unsecured Creditors Meeting Results (Held on July 30, 2026 at 4:45 PM)
- Total unsecured creditors (including NCD creditors) personally present: 35
- Total authorized representatives: 4
- Resolution: Approval of Scheme of Merger by Absorption
Voting Results for Unsecured Creditors:
| Mode of Voting | Number of Creditors Voted | Outstanding Debt Voted (₹) | Percentage in Favor |
| Remote E-Voting prior to Meeting | 102 | 20,98,41,50,015 | 100% |
| E-Voting at time of Meeting | 8 | 33,00,000 | 100% |
| Total | 110 | 20,98,74,50,015 | 100% |
- Invalid votes: 0
- Abstained from voting: 0
Equity Shareholders Meeting Results (Held on July 30, 2026 at 3:30 PM)
- Total members personally present: 20
- Total authorized representatives: 03
- Resolution: Approval of Scheme of Merger by Absorption
Voting Results for Equity Shareholders:
| Mode of Voting | Number of Members Voted | Number of Shares Voted | Percentage in Favor |
| Remote E-Voting prior to Meeting | 31 | 13,80,86,164 | 100% |
| E-Voting at time of Meeting | 5 | 75,670 | 100% |
| Total | 36 | 13,81,61,834 | 100% |
- Invalid votes: 0
- Abstained from voting: 0
Public Shareholder Voting Results (excluding promoter & promoter group):
| Mode of Voting | Number of Members Voted | Number of Shares Voted | Percentage in Favor |
| Remote E-Voting prior to Meeting | 31 | 13,80,86,164 | 100% |
| E-Voting at time of Meeting | 5 | 75,670 | 100% |
| Total | 36 | 13,81,61,834 | 100% |
Implementation Authority
Mr. Sachin Pillai, Managing Director and Chief Executive Officer; Mr. Prateek Parekh, Chief Financial Officer; and Ms. Srividhya R, Company Secretary of Hinduja Leyland Finance Limited were authorized to implement the scheme and accept any modifications imposed by NCLT or regulatory authorities.
Scrutinizer Details
Pranay Vaidya, proprietor of Pranay D. Vaidya and Co., Practicing Company Secretaries (ACS: 40530, PCS: 24339) was appointed as scrutinizer by the Hon'ble NCLT to oversee the voting process.