Ashok Leyland Appoints Two New Independent Directors

Ashok Leyland Limited has announced the appointment of two additional independent directors to its board, effective August 25, 2025. The appointments were approved via a circular resolution passed by the Board of Directors, based on the recommendations of the company’s Nomination and Remuneration Committee.

Geeta Mathur and Sridharan Kesavan have been appointed as Additional Directors, with their roles designated as Non-Executive and Independent. The appointments are subject to shareholder approval at the next general meeting.

Geeta Mathur has been appointed for a term of five years, serving until August 24, 2030. She is a qualified Chartered Accountant and holds a B.Com (Hons) degree from Shri Ram College of Commerce, Delhi University. Currently, she serves on the boards of several prominent companies, including JSW One Platforms Limited, Dixon Technologies (India) Limited, Canara HSBC Life Insurance Company Limited, and Info Edge India Limited, among others. She has previously held directorships at Motherson Sumi Wiring India Limited, NIIT Limited, and 360 One WAM Limited, and has served in senior financial and strategic roles at organizations such as Helpage India and Emaar MGF Land Limited.

Sridharan Kesavan, a fellow member of the Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India, brings over three decades of experience in finance and corporate leadership. He served as Chief Financial Officer (CFO) of Ashok Leyland for nearly 32 years before retiring in August 2013. During his tenure, he led key financial initiatives, including international fund-raising, investor relations, ERP implementation, and strategic acquisitions. He has also held leadership roles at Hinduja Tech Limited, where he currently serves as an Independent Director, and previously at ICICI Limited and IBM Global Finance.

The company confirmed that neither Mathur nor Kesavan is debarred from holding directorial positions by any regulatory or statutory authority.