Ashok Leyland shares fall 2% as stock turns ex-date for 1:1 bonus issue

Ashok Leyland shares fall 2% as stock turns ex-date for 1:1 bonus issue
As the scrip turned ex-date for the 1:1 bonus share issue on Wednesday, Ashok Leyland's share price continued to decline for the second consecutive day.  The shares fell more than 2% to ₹122.95.

Tuesday's trading session saw a 2% decline in Ashok Leyland shares before the July 16 record date for the 1:1 bonus share issue.

The business said on July 9 that the record date for determining eligibility for bonus shares would be July 16.  Additionally, the company announced that on Thursday, July 17, bonus shares will be distributed. 

We would like to notify you that Wednesday, July 16, 2025, has been set as the record date by the Allotment Committee to identify the shareholders who are qualified to receive Bonus Shares.  Additionally, the company stated in an exchange filing that the deemed date of allotment of Bonus Shares will be Thursday, July 17, 2025, by SEBI circular dated September 16, 2024. These Bonus Shares will be made available for trading on the following working day of allotment, which is Friday, July 18, 2025. 

In addition to announcing its dividend and March quarter results, Ashok Leyland announced a 1:1 bonus share issue in May 2025.  The corporation last made this change in 2011, and under the bonus plan, owners will get one more share for each share they now possess.

A dividend of ₹4.25 per share was also agreed by the board, for a total distribution of ₹1,248 crore. 

Ashok Leyland's net profit for the fourth quarter increased by 38.4% to ₹1,246 crore from ₹900 crore during the same period last year.  A tax credit of ₹173 crore, which was not present in the quarter prior to this one, helped to support this development.

EBITDA increased 12.5% from the previous year to ₹1,791 crore, while quarterly revenue increased 5.7% year over year to ₹11,906.7 crore.