Ashok Leyland Board to Consider Bonus Share Issue on May 23, 2025
About the company
ASHOK LEYLAND LIMITED, is a Public Listed Company incorporated in the year 1948 and engaged in the business of Commercial Vehicles and Parts. As per the latest available financials filed by the company for the year Mar 2024, the total paid-up capital is INR 2,936 million and Authorized capital is INR 27,856 million. The last Annual General Meeting (AGM) of the company was held on 25 July, 2024 and the company has filed their last balance sheet for the period ending on Mar 2024.
Ashok Leyland Ltd, a leading Indian commercial vehicle manufacturer, has announced that its Board of Directors will convene on May 23, 2025, to consider a proposal for issuing bonus shares. The meeting will also address the approval of the company's standalone and consolidated audited financial results for the fiscal year ending March 31, 2025, and the recommendation of a final dividend, if any, for shareholders' approval.
This potential bonus issue marks a significant event for investors, as the last bonus declared by Ashok Leyland was in 2011, in a 1:1 ratio. Bonus shares can enhance shareholder value by increasing the number of shares held without additional investment, potentially improving liquidity and making the stock more attractive to investors.
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