Allotment of 30000 Non-Convertible Debentures of Rs. 1,00,000/- per NCD

August 10, 2026 National Stock Exchange of India Ltd. 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 Stock Symbol: 500477 Through: NEAPS Through: BSE Listing Centre Dear Sirs/Madam, Sub: Allotment of Non-Convertible Debentures Pursuant to the provisions of Regulation 30 read with Para A of Part A of Schedule III of the SEBI Listing Regulations, we hereby inform that the Fund Raising Committee of the Board of Directors has on August 10, 2026, allotted 30,000 (Thirty Thousand) Unsecured, listed, Rated, redeemable, non-cumulative, Non-Convertible Debentures (“NCDs”) having face value of Rs. 1,00,000/- (Rupees One Lakhs only) each for cash aggregating to Rs. 300,00,00,000/- (Rupees Three Hundred Crores only). The said NCDs will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited. The details as per the SEBI master circular for compliance with provisions of the SEBI Listing Regulations by listed entities bearing circular number SEBI/HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated January 30, 2026, in Annexure A is attached herewith. The above is for your information and record. Yours faithfully, for ASHOK LEYLAND LIMITED N Ramanathan Company Secretary Annexure Details as required under Para A of Part A of Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 S. No. Particulars Details 1. Type of securities proposed to be issued (viz. Unsecured, listed, Rated, redeemable, non- equity shares, Non-Convertible Debentures cumulative, taxable bonds in the nature of (NCDs) convertibles etc.) Non-Convertible Debentures (“NCDs”) 2. Type of issuance (further public offering, Private Placement rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.) 3. Total number of securities proposed to be 30,000 NCDs of face value Rs. 1,00,000 each issued or the total amount for which the aggregating to Rs. 300 crores. securities will be issued (approximately) 4. Size of the issue Rs. 300 crores 5. Whether proposed to be listed? If yes, name Yes. of the stock exchange(s) National Stock Exchange of India limited 6. Tenure of the instrument - date of allotment Tenure: 2 years and date of maturity Date of allotment: August 10, 2026 Date of maturity: August 10, 2028 7. Coupon/interest offered, schedule of Coupon rate: Fixed rate of 7.50% p.a. payment of coupon/interest and principal Coupon payment frequency: Annual Coupon Payment Dates: August 10, 2027 and August 10, 2028, subject to Business Day Convention. Redemption: Bullet repayment at the end of 2 years from the date of allotment i.e. August 10, 2026. 8. Charge/security, if any, created over the Not Applicable assets 9. Special right/interest/privileges attached to Not Applicable the instrument and changes thereof 10. Delay in payment of interest / principal Upon a default or failure by the Company to amount for a period of more than three pay any amount due and payable to a months from the due date or default in Debenture Holder (including, without payment of interest / principal limitation, the outstanding Nominal Value and Coupon on any Debenture) on respective Due Date in accordance with the terms of the Debenture Documents (such unpaid amounts, the “Unpaid Sum”), the Company shall thereafter, without any demur or protest, pay additional interest at the rate of 2% (two percent) per annum over and above the applicable Coupon Rate on the Unpaid Sum, from the Due Date until S. No. Particulars Details such payments are made to the satisfaction of the Debenture Trustee 11. Details of any letter or comments regarding Not applicable payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any 12. Details of redemption of preference shares Bullet repayment at the end of 2 years from indicating the manner of redemption the date of allotment i.e. August 10, 2026. (whether out of profits or out of fresh issue) and debentures 13. Any cancellation or termination of proposal Not applicable for issuance of securities including reasons thereof 14. Rating “AA+” by ICRA with Stable outlook