In an exchange filing, the firm stated, “Pursuant to the completion of the liquidation process, OHM UK has ceased to be the step-down subsidiary of the company with effect from August 27, 2024.”
Ashok Leyland is engaged in manufacture and sale of a wide range of commercial vehicles. The company also manufactures engines for industrial and marine applications, forgings and castings.
The company reported 6.39% fall in consolidated net profit to Rs 509.15 crore in Q1 FY25 as compared with Rs 543.89 crore in Q1 FY24. Revenue from operations rose 10.66% year on year (YoY) to Rs 10,724.49 crore in the quarter ended June 2024.
The scrip declined 0.04% to currently trade at Rs 262 on the BSE.