Wed Jul 16 10:10:00 UTC 2025: Here’s a news article summarizing the provided text:

**Ashok Leyland Shares Dip as Bonus Share Issue Goes Ex-Date**

Mumbai: Ashok Leyland’s stock price continued its downward trend on Wednesday, falling for the second consecutive day as the scrip went ex-date for its 1:1 bonus share issue. Shares dipped over 2% to ₹122.95, following a similar decline in Tuesday’s trading session.

The company had previously announced July 16 as the record date for determining eligibility for the bonus shares, where shareholders will receive one additional share for every share held. The allotment of these bonus shares is expected on July 17, with trading commencing on July 18.

The bonus issue, announced in May alongside strong Q4 results and a dividend declaration, marks Ashok Leyland’s first bonus issue since 2011. The company also approved a dividend of ₹4.25 per share, resulting in a total payout of ₹1,248 crore.

Ashok Leyland reported a 38.4% increase in net profit for the fourth quarter, reaching ₹1,246 crore, boosted by a tax credit. Revenue for the quarter grew by 5.7% to ₹11,906.7 crore, while EBITDA saw a 12.5% increase to ₹1,791 crore.

*Disclaimer: This article is for informational purposes only and does not constitute investment advice. Consult with a certified financial expert before making any investment decisions.*

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