Ashok Leyland 1:1 bonus issue record date tomorrow. Do you own?
ADVERTISEMENT In its exchange filing, Ashok Leyland announced that the deemed allotment date for the bonus shares is July 17, 2025, with trading in these shares expected to commence from Friday, July 18, 2025.
The allotment committee confirmed that the record date of Wednesday, July 16, will serve to identify shareholders entitled to the bonus allotment. Following the allotment, the bonus shares will be credited and made available for trading on the next working day.
The company had earlier announced the 1:1 bonus issue in May 2025, along with its March quarter results and dividend declaration. This marks Ashok Leyland's first bonus issue since 2011, when it had last offered a 1:1 bonus.Ashok Leyland shares, on Monday, closed 2.7% higher at Rs 252.90 on the BSE.
ADVERTISEMENT In a recent note, domestic brokerage firm Angel One gave a target price of Rs 295 on the stock, along with a 'buy' rating, stating that the company may be a beneficiary of visible growth in the commercial vehicle sector.Ashok Leyland plans Rs 1,000 crore capex in FY26, focusing on EVs, alternative fuels, and defence, which is expected to double in 2–3 years.
ADVERTISEMENT Ashok Leyland holds over 30% market share in M&HCV and recently secured large orders, including 200 trucks from Instant Transport Solution and 250 trucks from Patanjali. Switch Mobility posted EBITDA-positive results with 1,800 EVs in the pipeline.
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