Ashok Leyland Limited has informed the Exchange regarding Appointment of Mr K M Balaji as Whole-Time Director of the company w.e.f. May 28, 2026.
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Ashok Leyland has appointed Mr. K M Balaji, currently President Finance & CFO, as Whole-Time Director effective May 28, 2026 for a two-year term. The appointment requires shareholder approval. Balaji is a Chartered Accountant with 32 years at the company and holds advanced management certifications from Harvard, Kellogg, ISB, and IIM Ahmedabad. He has raised over Rs. 2,000 crore via NCD placements and was awarded CFO of the Year 2024-25 by CII. He is not related to any existing directors on the board.
This is a routine internal promotion of an experienced finance executive to a board-level role, providing continuity in leadership with no immediate material impact on the stock.