Ashok Leyland allots shares under employee stock option plan

Ashok Leyland Limited, on October 10, 2025, approved the allotment of 400,000 equity shares, each with a face value of Re. 1/-, to eligible employees. This allotment is a result of the exercise of stock options granted under the Ashok Leyland Employees Stock Option Plan 2016 (AL ESOP 2016). The exercise price per share was Rs. 41.75/-, including a premium of Rs. 40.75/-.

Following this allotment, the company's paid-up equity share capital increased from Rs. 587,34,54,552/- to Rs. 587,38,54,552/-. This increase reflects a rise in the number of outstanding equity shares from 587,34,54,552 to 587,38,54,552. The shares issued are identical in all respects to existing shares.

The company confirmed that no additional listing fees are payable for these newly issued equity shares. This is because the company's paid-up capital remains within the Rs. 585 crores to Rs. 590 crores slab, for which listing fees have already been settled. The number of options and the exercise price were adjusted following a 1:1 bonus issue in July 2025.