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In an exchange filing last evening, Ashok Leyland said its board would consider a proposal for issuing bonus shares at its upcoming meeting on May 23, while announcing its financial results
for the quarter and year ended March 31, 2025.
“A board meeting is proposed to be convened on May 23, 2025 for considering the standalone and consolidated audited financial results for the financial year ended March 31, 2025, amongst
others,” the release noted.
“We wish to inform you that, at the meeting dated May 23, 2025, the Board of Directors may consider the proposal for issue of bonus shares, subject to requisite approvals as required,” it
added.
Welcoming the development, Ashok Leyland shares jumped as much as 3.4% to ₹249.65 in the first hour of trading so far. The auto stock opened 1.5% higher at ₹245 on the BSE, after ending
0.75% lower in the previous session.
At the time of reporting, shares of Ashok Leyland were trading up by 0.8% at ₹243.25, paring most of the early gains, at a market capitalisation of ₹71,431 crore.
Ashok Leyland's share price touched its 52-week low of ₹190.40 on April 7, from where the large cap auto stock has rebounded by over 30%. The stock is inching close to its 52-week high of
₹264.70 acclaimed on August 28, 2024.
Last week, Ashok Leyland declared a second interim dividend of ₹4.25 per equity share of face value ₹1 for the financial year ended March 31, 2025. The second interim dividend will be paid
to eligible shareholders on or before June 14.
Overall, the company has announced a total interim dividend of 625% i.e., ₹6.25 per share at a face value of ₹1 for FY25.
“This dividend decision reflects the company’s strong operational performance and robust financial position. This also reinforces Ashok Leyland’s ongoing commitment to enhancing shareholder
value and returns,” it said in a BSE filing.
As per the exchange data, the company has declared 23 dividends since June 30, 2003. At the current share price, Ashok Leyland's dividend yield stands at 0.82%.
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