NSEUpdates13 Jul 2026 · 13 Jul 2026, 12:41 pm
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Ashok Leyland Limited · ASHOKLEY
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Ashok Leyland Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI Listing Regulations' regarding an Arbitral Tribunal Award dated 6th July 2026 allowing part of the claims of AL in the sum of ₹222.65 Crore plus interest.
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Full Announcement
Ashok Leyland Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI Listing Regulations'.
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ASHOKLEYLAND_13072026123418_ALDTCAwardSEIntimation1.pdf
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July 13, 2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Phiroze Jeejeebhoy Towers
C-1, Block G, Bandra Kurla Complex Dalal Street
Bandra (E), Mumbai – 400 051 Mumbai - 400 001
SCRIP CODE: ASHOKLEY SCRIP CODE: 500477
Dear Sir/Madam,
Reg: Intimation under Regulation 30 of the Securities Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)
Pursuant to Regulation 30 of SEBI Listing Regulations, we hereby submit the details of Order
issued to the Company by the Arbitral Tribunal, New Delhi.
The above information is also made available on the website of the Company at
www.ashokleyland.com.
We request you to take the same on record.
Thanking you,
Yours faithfully,
For ASHOK LEYLAND LIMITED
N RAMANATHAN
COMPANY SECRETARY
Particulars Disclosure
Name of the opposing party Delhi Transport Corporation (DTC)
Court/Tribunal/Authority Arbitral Tribunal, New Delhi
Ashok Leyland Limited ("AL") had supplied buses to Delhi
Transport Corporation (DTC) between years 2009-2011
Brief details of litigation/dispute against a tender invited by DTC. In pursuance of the contracts
with DTC, AL had raised certain claims for which AL had
initiated arbitration against DTC in year 2013.
Expected financial implications, if
Is being ascertained
Original claim by AL ₹445 Crore; Counterclaim by DTC ₹136
Quantum of claims
Crore
Arbitral Tribunal vide its majority Award dated 6th July 2026
allowed part of the claims of AL in the sum of ₹222.65 Crore
plus interest @10% per annum for the period of pre-
arbitration, pendente lite and from the date of the Award till
payment of the awarded amount along with legal cost of ₹2.96
The details of any change in the
Crore. The Tribunal has rejected the entire counter claim of
status and / or any development in
DTC.
relation to such proceedings;
The Company is in the process of reviewing the contents of the
award, ascertaining the final award amount inclusive of
interest, and considering available options for the remaining
amount claimed but not awarded.
In the case of litigation against key Not applicable
management personnel or its
promoter or ultimate person in
control, regularly provide details of
any change in the status and / or any
development in relation to such
proceedings.
In the event of settlement of the Not applicable
proceedings, details of such
settlement including - terms of the
settlement, compensation/penalty
paid (if any) and impact of such
settlement on the financial position
of the Company.