Ashok Leyland CHRO Raja Radhakrishnan resigns

Kmp ResignedManagement Changes View source PDF Explain this filing

ASHOKLEY · price

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Price reactionminutes from the announcement price · days from the prior close

-0.7%Reaction day

₹146.03

prior close

₹146.03

announcement price

After-mkt

timing

Nifty Midcap 150market-2.1%+1.3% vs market

Agricultural Commercial & Construction Vehicles peers, median of 10sector · industry level-3.4%+2.6% vs sector

On the reaction day the stock moved 1.3 pts more than Nifty Midcap 150 and 2.6 pts more than its Agricultural Commercial & Construction Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.0

10m

-0.7

15m

-0.9

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.7-2.1+1.3-3.4+2.6

Next day

-2.8-1.0-1.8-4.1+1.3

-2.8-0.1-2.6-1.9-0.8

-1.1pendingpending-2.3+1.2

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15d

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UpDownMarket · Nifty Midcap 150Sector · Agricultural Commercial & Construction Vehicles peers, median of 10Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Mr Raja Radhakrishnan, President and CHRO of Ashok Leyland, has resigned effective close of business on October 21, 2026. He said he wants to explore starting something of his own. He will support a smooth handover till a successor is appointed and has offered to stay engaged with the company till end of 2026.

Likely market impact

Loss of a senior HR leader; watch for successor announcement and any near term strategic or organisational changes.