Ashok Leyland has announced the voluntary liquidation of its step-down subsidiary, Ashok Leyland West Africa SA. This action was completed on February 19, 2026, at 10:22 hours. Following the conclusion of the liquidation process, the subsidiary has formally ceased to be associated with the Company. The disclosure confirms that the subsidiary was not designated as a material subsidiary.
Corporate Restructuring Update
Ashok Leyland Limited formally notified the exchanges regarding a strategic change concerning its international operations. The company has executed the voluntary liquidation of Ashok Leyland West Africa SA, which operated as a step-down subsidiary.
Details of the Event
The effective date and time for the occurrence of this event were recorded as February 19, 2026, at 10:22 hours. This action was taken pursuant to the completion of the necessary processes, which resulted in Ashok Leyland West Africa SA ceasing to be a step-down subsidiary of the parent Company. It is noted that the liquidated entity was not classified as a material subsidiary.
Financial Implications
Regarding the impact analysis required for such disclosures, the Company confirmed that there were None mentioned concerning any direct benefit to the promoter or promoter group companies resulting from this liquidation. Furthermore, there are no applicable changes in the shareholding pattern of any entity due to this specific event.
Source: BSE
