Ashok Leyland has informed that the Nomination and Remuneration Committee (‘the Committee’) of the Company has approved by way of Circular Resolution passed on October 7, 2022, the allotment of 6,00,000 equity shares of face value Re 1 each upon exercise of stock options granted under Ashok Leyland Employees Stock Option Plan 2016. Upon allotment, the paid-up equity share capital of the Company stands increased from Rs 293,55,27,276 divided into 293,55,27,276 equity shares of Re 1 each to Rs 293,61,27,276 divided into 293,61,27,276 equity shares of Re 1 each. The details as required to be furnished under Securities Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 (‘SEBI SBEB Regulations’) are enclosed.
The above information is a part of company’s filings submitted to BSE.
