Ashok Leyland allots shares under employee stock option plan

Ashok Leyland's nomination and remuneration committee approved the allotment of 4,00,000 equity shares of Re. 1/- face value on September 11, 2025. These shares were issued to eligible employees who exercised stock options granted under the Ashok Leyland Employees Stock Option Plan 2016 (AL ESOP 2016).

Following this allotment, the company's paid-up equity share capital increased from Rs. 587,30,54,552 to Rs. 587,34,54,552. The exercise price per share was Rs. 41.75/-, with a premium of Rs. 40.75/- per share.

The company confirmed that the newly allotted shares are identical to existing shares. No additional listing fees are payable as the company's paid-up capital remains within the Rs. 585 crores to Rs. 590 crores slab for which fees have already been remitted.