Ashok Leyland Share Price in Focus Company Clarifies HLFL–NDL Merger Reporting

Ashok Leyland has issued a clarification following media reports that incorrectly suggested the company had approved a merger involving its subsidiary, Hinduja Leyland Finance Limited. 

The company has confirmed that the decision related solely to HLFL’s board and that it followed required disclosure procedures for material subsidiaries.

Ashok Leyland Clarification on Media Reports

Recent media coverage suggested that Ashok Leyland had endorsed a merger involving Hinduja Leyland Finance Limited and NDL Ventures Limited. 

The company has stated that this interpretation was inaccurate and did not reflect the actual decisions taken.

HLFL Board Decision and Disclosure Requirements

Hinduja Leyland Finance Limited, a material subsidiary of Ashok Leyland, informed stock exchanges that its board had resolved to proceed with a proposed merger by absorption into NDL. This decision, taken on 25 November 2025, remains subject to the usual regulatory and statutory approvals.

Under Regulation 30(9) of the SEBI Listing Regulations, updates concerning material subsidiaries must be communicated to exchanges. Ashok Leyland therefore forwarded HLFL’s intimation to the exchanges on 26 November 2025, as required.

Correction Issued in Media Coverage

The earlier media report has since been amended to reflect the accurate sequence of events. The company has advised stakeholders to rely on its formal disclosures rather than interpretations circulated in initial news coverage.

Commitment to Regulatory Transparency

Ashok Leyland reiterated that it consistently adheres to disclosure obligations applicable to listed entities and material subsidiaries. 

The company confirmed that it will continue providing timely and accurate information as required by regulatory standards.

Ashok Leyland Share Price Performance

Ashok Leyland share price opened at ₹158.00 and reached an intraday high of ₹160.23 and a low of ₹156.20. The previous closing price was ₹159.75.

Read More: Ashok Leyland Shares Rise Above 4% as Net Profit Reaches ₹820 Crore in Q2 FY26 Results.

Conclusion

The clarification offered by Ashok Leyland aims to ensure accurate understanding of HLFL’s board decision and the company’s compliance with disclosure requirements. Stakeholders are encouraged to refer to official filings for reliable updates as the process progresses.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.