Ashok Leyland Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2025 ,inter alia, to consider and approve Update on board meeting
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Ashok Leyland's Board of Directors is scheduled to meet on 23rd May 2025. In addition to considering the audited standalone and consolidated financial results for FY ended March 31, 2025, the Board may also consider a proposal for the issue of Bonus Shares, subject to necessary approvals. This is an update to an earlier intimation dated 8th May 2025. The trading window for designated persons and their immediate relatives remains closed since 1st April 2025 and will reopen 48 hours after the audited results are made public.
If approved, a bonus share issue would increase the total share count and is generally seen as a positive signal of management confidence and shareholder reward. Shareholders should wait for the Board's decision on 23rd May for confirmation and the ratio of bonus shares.