Ashok Leyland Limited — Board Meeting, 14-08-2025: Outcome of Board Meeting

Ashok Leyland's Board of Directors has approved the immediate termination of its Employee Stock Option Plan 2018. The company had initially granted 2.01 crore options under this scheme. However, none of these options ever vested or were exercised by employees because the specified performance criteria were not met. This decision effectively closes the unutilized plan, streamlining Ashok Leyland's approach to employee incentives.