Ashok Leyland shareholders and shareholding pattern

NSE: ASHOKLEYBSE: 500477Agricultural, Commercial & Construction VehiclesMid Cap

Ashok Leyland Limited · Face value ₹1 · Listed Mar 1976 on BSE, May 1995 on NSE

₹145.00₹0.15 (0.10%)BSE ₹145.15

Share price at the NSE close on 29 Oct 2026. Previous close ₹144.85.

29 Oct: open ₹144.70, high ₹145.76, low ₹143.00

52-week range of traded prices to 29 Oct 2026

₹138.03Low, 11 Jun 2026₹215.42High, 11 Feb 2026

Market cap: ₹85,171 Cr107th largest listed
P/E: 24.50
P/E without one-offs: 22.06
P/B: 5.98
Dividend yield: 2.41%
ROE: 26.3%
ROE without one-offs: 29.2%
ROCE: 11.9%
Debt to equity: 3.45
Volume, NSE: 83,08,63037.7% delivered

Ashok Leyland's shareholding pattern for Sep 2026, filed on 20 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Ashok Leyland, filing by filing

Per cent of all the company's shares, counting those held against depositary receipts traded abroad where a filing has them. As the company files it, of its shares less those held against receipts, the promoters hold 51.51%.

Sep 2026 filing

Promoters51.10%
Foreign institutions19.73%
Indian institutions16.50%
Governments0.07%
Individuals and others11.79%
Depositary receipts0.81%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others
Depositary receipts

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	50.38%	50.38%	51.29%	51.29%	51.27%	51.27%	51.13%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.11%	51.11%	51.11%	51.11%	51.11%	51.11%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%
Foreign promoters	50.38%	50.38%	51.29%	51.29%	51.27%	51.27%	51.13%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.12%	51.11%	51.11%	51.11%	51.11%	51.11%	51.11%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%	51.10%
	49.62%	49.62%	48.71%	48.71%	48.73%	48.73%	48.87%	48.88%	48.88%	48.88%	48.88%	48.88%	48.88%	48.06%	48.06%	48.06%	48.06%	48.06%	48.06%	48.06%	48.06%	48.06%	48.07%	48.07%	48.08%	48.08%	48.08%	48.08%	48.08%	48.09%	48.09%	48.09%	48.09%	48.09%	48.09%	48.09%	48.10%	48.10%	48.10%	48.10%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	17.45%	15.17%	14.73%	16.45%	20.05%	20.32%	21.28%	21.85%	24.20%	23.89%	23.32%	23.66%	24.13%	24.21%	24.37%	20.51%	19.73%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	16.79%	14.48%	14.29%	16.02%	19.45%	19.57%	20.46%	21.09%	23.50%	23.34%	22.57%	23.00%	23.35%	23.43%	23.66%	19.99%	19.20%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.64%	0.68%	0.45%	0.44%	0.61%	0.75%	0.82%	0.77%	0.70%	0.55%	0.74%	0.65%	0.77%	0.78%	0.72%	0.52%	0.54%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–
Bank foreign	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Foreign institutional investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–
F i i	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	Under 0.01%
Foreign institutional investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19.36%	21.00%	21.98%	20.64%	16.38%	14.54%	12.14%	14.01%	12.25%	12.93%	13.95%	13.76%	13.48%	13.62%	12.96%	15.63%	16.50%
Mutual funds	2.63%	3.72%	3.54%	4.66%	5.48%	6.55%	6.45%	5.89%	4.92%	5.49%	6.33%	7.25%	7.35%	9.74%	8.50%	10.81%	10.88%	9.68%	11.18%	13.52%	13.97%	15.31%	14.81%	12.68%	13.45%	14.41%	13.13%	10.02%	8.64%	5.79%	6.74%	5.34%	6.20%	7.23%	7.80%	8.17%	8.25%	7.86%	9.66%	9.86%
Insurance companies	1.43%	1.32%	1.38%	1.24%	1.21%	1.07%	1.05%	1.33%	1.52%	1.69%	1.73%	3.63%	2.91%	2.82%	3.10%	2.63%	3.47%	3.94%	3.84%	4.50%	5.11%	4.93%	5.29%	5.72%	5.99%	5.76%	5.60%	4.69%	4.00%	4.58%	5.97%	6.32%	6.12%	6.21%	5.54%	4.89%	4.76%	4.22%	4.48%	4.99%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	0.07%	0.09%	Under 0.01%	0.01%	0.12%	0.24%	0.07%	0.09%	0.20%	0.16%	0.06%	0.03%	0.01%	0.13%	0.14%	0.18%
Provident and pension funds	0.00%	0.00%	0.00%	0.00%	0.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	0.61%	0.55%	0.60%	0.69%	0.59%	0.76%	1.26%	1.51%	1.64%	1.33%	1.53%	1.40%	1.06%	0.40%	0.36%	0.33%	0.36%	0.36%	0.52%	0.66%	1.17%	1.43%
Alternative investment funds	0.00%	0.00%	0.01%	0.02%	0.03%	0.17%	0.28%	0.28%	0.25%	0.36%	0.40%	0.42%	0.44%	0.01%	Under 0.01%	0.18%	0.14%	0.13%	0.19%	0.19%	0.19%	0.06%	0.19%	0.20%	0.22%	0.21%	0.26%	0.32%	0.24%	0.12%	0.16%	0.10%	0.05%	0.02%	0.01%	0.03%	0.08%	0.09%	0.19%	0.05%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.08%	0.07%	0.07%	0.07%	0.07%	0.07%
State governments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	0.06%	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	11.19%	11.84%	11.29%	10.92%	11.58%	13.15%	14.60%	12.15%	11.57%	11.19%	10.75%	10.59%	10.42%	10.20%	10.70%	11.89%	11.79%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	9.51%	10.02%	9.66%	9.19%	9.55%	10.98%	12.39%	10.20%	9.79%	9.54%	9.31%	9.09%	8.70%	8.37%	8.52%	9.95%	9.68%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.18%	0.22%	0.23%	0.37%	0.38%	0.58%	0.61%	0.51%	0.38%	0.25%	0.18%	0.19%	0.29%	0.24%	0.25%	0.31%	0.29%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.32%	0.37%	0.37%	0.35%	0.56%	0.46%	0.41%	0.36%	0.34%	0.26%	0.22%	0.29%	0.26%	0.21%	0.32%	0.42%	0.38%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.46%	0.46%	0.45%	0.45%	0.46%	0.48%	0.48%	0.44%	0.42%	0.41%	0.40%	0.41%	0.43%	0.43%	0.43%	0.46%	0.48%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.21%	0.21%	0.21%	0.21%	0.23%	0.23%	0.23%	0.23%	0.24%	0.24%	0.24%	0.24%	0.25%	0.25%	0.24%	0.24%	0.24%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.01%	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.50%	0.55%	0.35%	0.33%	0.40%	0.42%	0.47%	0.41%	0.39%	0.47%	0.39%	0.36%	0.47%	0.68%	0.91%	0.49%	0.71%
Association of persons	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.16%	0.19%	0.01%	0.01%	0.07%	0.01%	Under 0.01%	Under 0.01%	0.01%	0.11%	0.04%	0.01%	0.01%	0.11%	0.46%	Under 0.01%	Under 0.01%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.05%	0.06%	0.06%	0.06%	0.06%	0.12%	0.13%	0.13%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.12%	0.13%	0.12%
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.13%	0.12%	0.12%	0.12%	0.12%
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	0.02%	0.03%	0.02%	0.01%	0.01%	0.01%	0.02%	0.15%	0.02%	0.02%	0.25%
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.26%	0.27%	0.26%	0.24%	0.24%	0.27%	0.32%	0.24%	0.23%	0.22%	0.21%	0.21%	0.19%	0.18%	0.18%	0.22%	0.22%
Depositary receipts	–	–	–	–	–	–	–	–	–	–	–	–	–	0.82%	0.82%	0.82%	0.82%	0.82%	0.82%	0.82%	0.82%	0.82%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%	0.81%
Promoter shares pledgedShare of the promoters' own shares	9.07%	3.84%	3.66%	3.66%	3.67%	3.67%	3.67%	3.67%	4.33%	6.66%	9.26%	9.26%	9.26%	9.26%	10.88%	10.88%	10.88%	17.62%	14.44%	18.44%	17.40%	17.84%	19.04%	19.04%	19.04%	19.04%	19.04%	15.04%	15.04%	22.10%	22.10%	27.23%	30.10%	41.15%	41.15%	41.15%	40.93%	40.10%	40.10%	40.10%
Shares in issue	2,84,58,76,634	2,84,58,76,634	2,92,65,34,926	2,92,65,34,926	2,92,71,04,101	2,92,71,04,101	2,93,51,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,55,27,276	2,93,61,27,276	2,93,61,27,276	2,93,61,27,276	2,93,61,27,276	2,93,61,27,276	2,93,63,27,276	2,93,64,27,276	2,93,64,27,276	2,93,65,27,276	2,93,65,27,276	2,93,65,27,276	5,87,34,54,552	5,87,38,54,552	5,87,38,54,552	5,87,38,54,552	5,87,38,54,552
Shares locked in	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	–	0	0	0	0	0	0	0	–	–	–	–	1,000	1,000
Shares underlying depositary receipts	–	–	–	–	–	–	–	–	–	–	–	–	–	2,39,58,000	2,39,58,000	2,39,58,000	2,39,58,000	2,39,58,000	2,39,58,000	2,39,58,000	2,39,58,000	2,39,58,000	2,37,18,000	2,37,18,000	2,37,18,000	2,37,18,000	2,37,18,000	2,36,70,000	2,36,70,000	2,36,70,000	2,36,70,000	2,36,70,000	2,36,70,000	2,36,70,000	2,36,70,000	4,73,40,000	4,73,40,000	4,73,40,000	4,73,40,000	4,73,40,000

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Ashok Leyland shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	5,30,092	5,18,972	5,17,682	4,67,861	5,04,837	4,81,404	5,52,371	6,40,346	7,62,716	8,62,936	8,90,745	9,30,687	9,21,175	9,51,725	10,49,467	10,27,739	9,67,092	10,05,180	10,19,248	10,36,773	11,60,873	12,42,008	11,20,964	10,96,220	11,30,372	11,18,107	10,99,982	12,06,482	13,39,744	14,91,397	14,75,874	14,59,212	14,56,048	14,44,998	13,92,223	14,50,991	14,43,916	15,02,640	16,45,114	16,17,504
	2	2	4	4	3	3	3	3	3	3	3	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Foreign promoters	2	2	4	4	3	3	3	3	3	3	3	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
	5,30,090	5,18,970	5,17,678	4,67,857	5,04,834	4,81,401	5,52,368	6,40,343	7,62,713	8,62,933	8,90,742	9,30,683	9,21,171	9,51,720	10,49,462	10,27,734	9,67,087	10,05,175	10,19,243	10,36,768	11,60,868	12,42,003	11,20,959	10,96,215	11,30,367	11,18,102	10,99,977	12,06,477	13,39,739	14,91,392	14,75,869	14,59,207	14,56,043	14,44,993	13,92,218	14,50,986	14,43,911	15,02,635	16,45,109	16,17,499
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	346	314	320	318	570	626	638	660	714	645	659	704	742	764	815	710	677
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	314	281	287	288	533	588	598	623	672	614	621	668	703	719	771	679	642
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27	28	29	26	33	34	36	33	38	27	34	32	35	41	40	27	31
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	5	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4
Other	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	5	4	–	4	4	4	4	4	4	4	–	–	–	–	–	–
Bank foreign	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	1	1	1	1	1	1
Foreign institutional investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	–	–	–	–	–	–	–	3	–	–	–	–	–
F i i	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	–	–	–	3
Foreign institutional investors	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	96	102	90	98	100	103	98	106	93	82	83	78	82	109	113	110	106
Mutual funds	61	69	75	106	116	33	31	30	33	24	29	26	27	22	20	25	29	33	30	33	38	36	33	33	33	33	30	28	33	31	37	28	25	27	31	28	39	41	44	45
Insurance companies	5	5	5	5	5	5	5	5	5	6	6	19	17	18	18	23	24	22	24	27	28	29	29	30	30	30	30	28	27	24	25	26	23	23	21	22	25	26	27	25
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	17	19	9	18	20	22	23	19	16	16	15	14	13	15	13	14	14
Provident and pension funds	0	0	0	0	0	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Alternative investment funds	0	0	1	2	3	3	7	7	7	6	6	8	9	2	1	4	4	4	4	6	6	5	11	10	12	12	14	18	15	10	15	13	9	8	3	10	22	24	15	13
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5	7	5	5	5	5	9	9	9	8	9	8	8	7	8	9	8
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	4	4	4	4	4	5	5	4	5	5	5	5	5
State governments	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	4	4	4	4	4
Government-promoted companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	3	3	3	3	3	4	4	–	–	–	–	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10,95,770	11,29,948	11,17,689	10,99,558	12,05,803	13,39,006	14,90,652	14,75,099	14,58,396	14,55,311	14,44,246	13,91,432	14,50,157	14,43,033	15,01,702	16,44,284	16,16,711
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	10,73,897	11,07,811	10,95,608	10,77,992	11,82,871	13,13,798	14,63,416	14,48,956	14,33,050	14,29,508	14,18,480	13,65,628	14,22,770	14,15,066	14,72,123	16,11,588	15,81,621
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	16	16	21	21	26	32	27	20	15	11	12	40	35	34	43	39
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,340	1,465	1,360	1,311	1,388	1,566	1,644	1,527	1,400	1,382	1,359	1,342	1,443	1,450	1,523	1,671	2,016
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13,127	13,014	13,214	13,076	13,900	14,930	15,691	15,754	15,497	16,003	16,114	16,164	17,535	18,377	19,444	20,734	22,458
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	5	2	2	2	2	2	2	2	2	2	2	2	2	2
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Investor education fund	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4	4	5	5	5	5	5	5	2	2	2	2	1	2	2	–	–
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7,384	7,633	7,481	7,146	7,614	8,677	9,860	8,826	8,423	8,397	8,276	8,280	8,364	8,099	8,572	10,244	10,573
Association of persons	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	–	–	–	–	–	–	–	1	1	1	2	2	2
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	174	86	68	21	24	25	21	21	22	18	17	18	20	12	15	12	12
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	34	33	32	32	30	38	41	45	46	46	45	47	47	47	47	49	50
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	93	104	90	98	109	122	124	128	115	109	104	104	122	146	166	183	221
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	4	2	–	1	2	3	3	2	2	1	–	–	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7,079	7,405	7,288	6,992	7,449	8,489	9,670	8,628	8,237	8,221	8,108	8,109	8,173	7,892	8,341	9,997	10,287

Ashok Leyland promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is HINDUJA AUTOMOTIVE LIMITED, 34.71%.Promoter buying and selling

Holder
HINDUJA AUTOMOTIVE LIMITEDForeign companies and others	34.71%	2,03,88,57,356	59.03%
JP MORGAN CHASE BANK, NAForeign companies and others	11.21%	65,84,00,280	0.00%
HINDUJA BANK (SWITZERLAND) LTDForeign companies and others	4.93%	28,98,08,128	0.00%
HINDUJA FOUNDRIES HOLDING LIMITEDForeign companies and others	0.24%	1,42,54,758	0.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of Ashok Leyland, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Ashok Leyland

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
NPS TRUST (Under different sub accounts)Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.26%	1.51%	1.64%	1.33%	1.53%	1.40%	1.06%	–	–	–	–	–	–	–	–	1.43%
GOVERNMENT PENSION FUND GLOBALForeign portfolio investors, category I	2.10%	1.88%	1.83%	2.33%	2.40%	2.40%	2.02%	1.88%	1.63%	1.63%	1.47%	1.92%	2.05%	2.01%	1.27%	–	–	–	–	–	–	–	–	1.02%	1.29%	1.18%	2.26%	2.28%	1.99%	1.95%	1.92%	1.91%	1.74%	1.72%	1.75%	1.73%	1.38%	1.56%	1.30%	1.31%
SBI LIFE INSURANCE CO. LTDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.22%	1.13%	–	1.41%	1.44%	1.62%	1.78%	1.26%	1.14%	1.30%
T. ROWE PRICE EMERGING MARKETS DISCOVERY STOCK TRUSTForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.08%	1.21%	1.28%	1.28%	1.31%	1.23%	1.27%	1.28%	1.29%
NPS TRUST (Under Various sub accounts)Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.17%	–
GOVERNMENT OF SINGAPOREForeign portfolio investors, category I	–	–	–	–	1.38%	–	–	–	–	–	–	1.08%	1.14%	1.11%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.86%	2.83%	3.09%	2.56%	2.28%	2.18%	1.56%	–	–
LIFE INSURANCE CORPORATION OF INDIA (Under different sub accounts)Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.40%	2.01%	2.67%	2.67%	2.67%	2.25%	1.50%	1.07%	1.02%	–	–
HDFC LIFE INSURANCE COMPANYLIMITED (Under Different sub accounts)Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.56%	1.52%	1.54%	1.57%	1.51%	1.35%	1.31%	1.20%	1.08%	–	–	–	–	–	–
ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITEDInsurance companies	–	–	–	–	–	–	–	–	1.50%	1.72%	1.72%	1.35%	–	–	–	–	–	–	–	–	–	–	1.13%	1.33%	1.81%	1.82%	1.87%	1.41%	1.13%	–	–	–	–	–	–	–	–	–	–	–
Schroder International Selection Fund Emerging AsiaForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	1.24%	1.24%	1.24%	1.24%	1.24%	1.81%	1.83%	1.59%	1.73%	1.73%	1.46%	1.46%	1.46%	1.46%	1.46%	1.46%	–	–	–	–	–	–	–	–	–	–	–	–	–
MATTHEWS PACIFIC TIGER FUNDForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.50%	2.34%	2.34%	2.34%	2.34%	2.34%	2.16%	1.18%	1.07%	1.07%	–	–	–	–	–	–	–	–	–	–	–	–	–
HDFC LIFE INSURANCE COMPANYLIMITED /SHAREHOLDERS SOLVENCY MARGIN ACCOUNTInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.34%	–	–	1.41%	1.51%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HDFC LIFE INSURANCE COMPANYLIMITED and HDFC LIFE INSURANCE COMPANYLIMITED …Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.44%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HDFC LIFE INSURANCE COMPANYLIMITED and HDFC LIFE INSURANCE COMPANYLIMITED -SHAREHOLDERS…Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.37%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
HDFC LIFE INSURANCE COMPANY LIMITEDInsurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.04%	1.11%	1.29%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIA / LIFE INSURANCE CORPORATION OF INDIA P & GS FUNDFinancial Institution Or Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.19%	1.44%	1.35%	1.35%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
PLATINUM INTERNATIONAL FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.32%	1.73%	1.73%	1.61%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIA AND LIFE INSURANCE CORPORATION OF INDIA P & GS FUNDFinancial Institution Or Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	1.95%	2.05%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
LIFE INSURANCE CORPORATION OF INDIAFinancial Institution Or Banks	3.70%	3.70%	3.60%	3.60%	3.60%	2.44%	1.36%	1.36%	1.36%	1.36%	1.36%	1.36%	1.36%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
PLATINUM ASIA FUNDInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	–	–	–	–	–	–	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
KUWAIT INVESTMENT AUTHORITY FUND (Under different sub accounts)Institutions Foreign Portfolio Investor	1.30%	1.25%	1.09%	1.10%	1.25%	1.42%	1.54%	1.65%	1.72%	1.55%	1.70%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
GOVERNMENT OF SINGAPORE (Under Different Sub Accounts)Institutions Foreign Portfolio Investor	–	–	–	–	–	1.22%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
AMANSA HOLDINGS PRIVATE LIMITEDInstitutions Foreign Portfolio Investor	1.25%	1.18%	1.14%	1.11%	1.00%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ABU DHABI INVESTMENT AUTHORITY (Under various sub accounts)Institutions Foreign Portfolio Investor	–	1.43%	1.22%	1.18%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
JP MORGAN SICAV INVESTMENT COMPANY MAURITIUS LIMITEDOther non-institutions	1.22%	1.22%	1.18%	1.11%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
JP MORGAN INDIAN INVESTMENT COMPANY (MAURITIUS) LIMITEDInstitutions Foreign Portfolio Investor	1.06%	1.06%	1.10%	1.10%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
JPMORGAN INDIA FUNDInstitutions Foreign Portfolio Investor	1.04%	1.04%	1.02%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
ABU DHABI INVESTMENT AUTHORITY (Under different sub accounts)Other non-institutions	1.43%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jun 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: T. ROWE PRICE EMERGING MARKETS DISCOVERY STOCK TRUST 1.29%, +0.02 pts; GOVERNMENT PENSION FUND GLOBAL 1.31%, +0.01 pts
Indian institutions: NPS TRUST (Under different sub accounts) newly named at 1.43%; NPS TRUST (Under Various sub accounts) no longer named, from 1.17%; SBI LIFE INSURANCE CO. LTD 1.30%, +0.17 pts