Ashok Leyland bonus share issue: Board meet slated on May 23; stock rises 3%

Stock Market today: For Ashok Leyland's bonus share issue, a board meeting is slated for May 23, 2025, the company informed post-market hours on Monday. Following this, Ashok Leyland share price gained 3% in the morning trade on Tuesday, May 20.

Ashok Leyland bonus share issue

Ashok Leyland informed the exchanges that a board meeting is slated on May 23, 2025 to consider the bonus issue, along with the financial results for the quarter and year ended March 2025.

“In furtherance to our letter dated May 8, 2025, wherein we had intimated that a Board meeting is proposed to be convened on 23rd May 2025 for considering the standalone and consolidated audited financial results for the financial year ended March 31, 2025, amongst others. Pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that, at the meeting dated 23rd May 2025, the Board of Directors may consider the proposal for issue of Bonus shares, subject to requisite approvals as required,” Ashok Leyland said in a filing.

Ashok Leyland share price movement

Ashok Leyland share price opened at ₹245 on the BSE on Tuesday. At the time of opening, Ashok Leyland share price was around 1.5% higher than the previous day's closing price of ₹241.40. Ashok Leyland share price thereafter gained further to an intraday high of ₹249.65, translating into 3.41% upside.

Ashok Leyland share price has corrected significantly from a 52-week or 1-year high of ₹264.70 seen in August to a 52-week low or 1-year low of ₹190.40 seen in April 2025, led by correction in the Indian stock markets and as overall Commercial Vehicle sales remained soft. Ashok Leyland share price, however, is rebounding well and is now up 9-10% in the last one month.

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