Shares of Ashok Leyland surged over 2% in early trade on Tuesday, trading at ₹245.70 on the BSE, ahead of the company’s upcoming board meeting scheduled for Friday, May 23. The commercial vehicle manufacturer is set to consider the issuance of bonus shares, along with reviewing its financial results for the quarter and financial year ended March 31, 2025.
In an exchange filing, the company stated, “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. 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.”
This update comes days after the company declared a second interim dividend of ₹4.25 per equity share (face value Re 1) on May 17. So far in FY25, Ashok Leyland has announced interim dividends totaling ₹6.25 per share (625%). The second interim dividend will be paid on or before June 14, 2025.
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