Ashok Leyland Limited — Important, 26-11-2024: Updates

The Nomination and Remuneration Committee of Ashok Leyland has approved the allocation of 1,00,000 equity shares of face value Re. 1 each under the Ashok Leyland Employees Stock Option Plan 2016 following the exercise of stock options. This allotment increases the paid-up equity share capital from Rs. 293.64 crore to Rs. 293.65 crore. The shares were issued at an exercise price of Rs. 83.50, with a premium of Rs. 82.50 per share. After this allotment, there are a total of 293,65,27,276 equity shares in circulation, contributing positively to employee equity participation. This move may enhance employee motivation and align interests with shareholders, leading to potential long-term growth opportunities.