Ashok leyland annual report 2014 15

Thyssenkrupp profits fall as restructuring looms Mumbai: When Vinod Dasarimanaging director of Ashok Leyland Ltdtravelled to London in Junehe went there with a sense of trepidation.

Ashok leyland annual report 2014 15

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Ashok Leyland

Financial statements for the year ended and as at March 31, have been re-stated to conform to Ind AS Note 3. In effect, the combined effect of economy, industry, segmental behavior, regulations and taxes pulled down medium and heavy commercial vehicle to end the current financial year at the same level as that of previous year.

Your Company witnessed an overall 3. Revenue from Spare Parts saw a tremendous growth of approximately 28 percent as compared to the previous financial year, due to various initiatives undertaken to grow our retail sales.

Highlights of performance are discussed in detail in the Management Discussion and Analysis Report attached as Annexure E to this Report. The Appointed Date for the scheme of amalgamation was October 1, The intended amalgamation has been approved by the shareholders at the Court Convened Meeting held on January 23, and through Postal Ballot on January 25, Dheeraj G Hinduja, Chairman, Mr.

D J Balaji Rao and Mr. Sanjay K Asher, Directors as members of the Committee and authorised the Committee to do all such acts, deeds, matters and things as may be necessary for the purpose of giving effect to the Order of NCLT on the scheme of amalgamation of HFL with the Company including but not limited to issue and allotment of the equity shares of the Company to the eligible shareholders of the Transferor Company as on the Record date.

The Indian stock exchanges, where the underlying shares are listed have been simultaneously notified about delisting of GDRs. No fresh NCDs were issued during the year.

Ashok Leyland Directors Report, Ashok Leyland Reports by Directors

No fresh ECB loans were availed during the year. The focus was on Recruiting for Excellence - a strategy for Talent Acquisition from campuses of key institutes aimed at better industry institute collaboration and building sustained relationships with them. Focus on right staffing and skilling in identified international markets was given greater emphasis in line with the goal of spreading the organizationRs,s global footprint.

Your Company has put in significant focus on Leadership Development by introducing and sustaining Leadership programs to build a healthy talent pipeline who are Agile, Enabled and Empowered with global outlook.

Young Talent Program was initiated to groom functional excellence in our young workforce. Emerging Leader Program, a signature program was sustained to identify and enhance future leadership capability.

Business Leader Program is now sharpened to coach and nurture leaders. Your Company started a Women Leadership Program wherein your Company hired women from exceptional educational and professional background to be groomed for business facing leadership roles.

Your Company focused greatly towards building great managers to lead great teams. People Management Capability Program Workshop followed by 90 days coaching intervention for all People Managers was aimed to enable our managers to better impact their teams.

To foster Diversity and Inclusion, Shristi - a women networking Forum was formed with 3 prolonged approach of Career development, Engagement and Caring for women at AL.

Women friendly policies were introduced like increased maternity leave, Adoption Leave, Paternity Leave and Medical Insurance for In-laws. Your Company undertook implementation of HRM application suite - SAP Success Factor, for enabling efficient and cost effective HR systems with the objective of improving the quality of analytics available to help in enhancing the quality of decision making with regards to people and processes throughout the employee life cycle.

All the Directors and the Senior Management personnel have affirmed in writing their compliance with and adherence to the Code of Conduct adopted by the Company.

The Certificate in this regard is attached as Annexure D to this Report. As a part of the restructuring and settlement agreements, the Company acquired the entire shareholdings from NML in the subsidiary and joint venture companies resulting in all the three companies becoming wholly owned subsidiaries of your Company.

During the year, Hinduja Leyland Finance Limited HLFL became a material subsidiary since the net worth of HLFL in the immediately preceding accounting year exceeded twenty percent of the consolidated net worth of the Company and its subsidiaries.Ashok Leyland – The year () in brief The market was in decline in the year however Ashok Leyland maintained its market Leyland Industries Annual Report 15 It .

Get a detailed Sensex annual report of Ashok Leyland on stock/share exchange market for the financial and more at Its authorized share capital is Rs.

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8,,, and its paid up capital is Rs. 8,,,It is inolved in Manufacture of motor vehicles Ashok Leyland Vehicles Limited's Annual General Meeting (AGM) was last held on 28 September and as per records from Ministry of Corporate Affairs (MCA), its balance sheet was last filed on 31 March Adani Ports & Special Economic Zone Ltd - Annual Report Real Estate, Construction & Infrastructure Apollo Hospitals Enterprises Limited - Annual Report In this Annual Report, we have disclosed Clearly, has been a watershed year for Ashok Leyland.

Ashok leyland annual report 2014 15

Though the commercial vehicle industry had not fully recovered from the preceding years of slow down, Your 6 ashok leyland limited Performance / Operations.

" Directors' Report " Corporate Governance Report" Investor Information Financial Statements operational and is catering to Ashok Leyland Nissan, Indian railways, Renault Nissan, FML and the aftermarket.

The year will pose its own challenges as the issues of the previous year will remain, though there is a.

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