Ashok Leyland Limited has informed the Exchange regarding Termination of Ashok Leyland Employee Stock Option Plan 2018
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Ashok Leyland has terminated its Employee Stock Option Plan 2018 (ESOP Plan 2018) with immediate effect, as approved by its Board on August 14, 2025. The plan was originally approved by shareholders in November 2018, under which the company had granted 2,01,10,000 stock options to eligible employees. However, none of these options vested because the vesting criteria were not fulfilled, and no employee ever exercised any options under this scheme. The termination follows a recommendation from the Nomination and Remuneration Committee.
Since no options were ever vested or exercised, this termination has no material impact on shareholders or shareholding structure. It simply closes out an unused employee incentive plan, freeing the company to potentially introduce a new ESOP scheme in the future.