Pursuant to Regulation 30 of SEBI Listing Regulations, 2015, we wish to inform you that consequent to the conversion of loans into equity, the Company's shareholding in Optare plc will increase from 75.11% to 98.31%.

The aforesaid conversion of loans into equity has no impact on profits and cashflows for the current financial year of Ashok Leyland Limited as the investments in the equity shares and the loans given to Optare plc was fully impaired as of March 2017.

The details required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 are given as an annexure.

We request you to kindly take the above information on record.