Ashok Leyland Announces Exit of Gopal Mahadevan After Tenure Completion
Mumbai, May 23, 2026: Ashok Leyland Limited has informed the stock exchanges that Mr. Gopal Mahadevan (DIN: 01746102) has ceased to be the Director – Strategic Finance and M&A (Whole Time Director) of the company following the completion of his tenure.
According to the regulatory filing submitted to the National Stock Exchange of India (NSE) and BSE Limited, the cessation became effective from the close of business hours on May 23, 2026.
Tenure Completed as Per Earlier Reappointment
The company stated that Mr. Gopal Mahadevan had been reappointed as Director – Strategic Finance and M&A for a period of two years from May 24, 2024 to May 23, 2026 during the company’s 75th Annual General Meeting held on July 25, 2024.
With the completion of the approved tenure, he has now stepped down from the role.
Regulatory Disclosure
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read along with the applicable SEBI circular dated July 13, 2023.
The company clarified that the cessation is purely due to completion of tenure and not related to any other material reason.
About Ashok Leyland
Ashok Leyland Limited is one of India’s leading commercial vehicle manufacturers and a flagship company of the Hinduja Group. The company operates across trucks, buses, defence mobility solutions, and light commercial vehicles.