Ashok Leyland has announced that it will transfer equity shares to the Investor Education and Protection Fund (IEPF) Authority if dividends for those shares have not been claimed for seven consecutive years. The transfer is scheduled to take place after September 5, 2026, in compliance with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016. This move impacts shareholders who have not encashed dividends starting from the financial year 2018-19.

The company stated that it has already sent individual communications to affected shareholders at their latest available addresses via a letter dated May 27, 2026. A complete list of shareholders whose shares are liable for transfer has been uploaded to the company's website. Shareholders holding shares in physical form should note that their original share certificates will be automatically cancelled and deemed non-negotiable upon transfer. For dematerialized shares, the corresponding quantity will be debited from the shareholder's account.

Claim Process and Deadlines

To prevent the transfer of shares, shareholders must submit a valid claim to the company before the due date. The company has emphasized that any failure to claim dividends will result in the transfer of both the unclaimed dividend and the corresponding shares to the IEPF Authority. Once transferred, shareholders must approach the IEPF Authority to reclaim these assets, as no claims will lie against the company post-transfer.

Key Dates and Details

Shareholders with queries regarding the transfer process or the status of their shares have been directed to contact the company's Registrar and Share Transfer Agents, Integrated Registry Management Services Private Limited.

Ashok Leyland reported total sales of 14,923 units in May 2026, a decline of 4% from 15,484 units in the corresponding month of the previous year. The performance reflects a contraction in Medium and Heavy Commercial Vehicles (M&HCV), which fell 13% to 8,966 units, while Light Commercial Vehicles (LCV) grew 15% to 5,957 units. The data was disclosed to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 on June 1, 2026.

Sales Performance Breakdown

The domestic market accounted for the majority of the sales volume, with total domestic vehicles standing at 14,148 units, a 3% decrease from 14,534 units in May 2025. M&HCV domestic sales dropped 11% to 8,320 units, driven by a 35% decline in bus sales. Conversely, domestic LCV sales increased by 13% during the month.

The following table details the sales figures for May 2026 compared to May 2025:

Cumulative Performance

For the cumulative period ending May 2026, total sales reached 29,569 units, a 2% increase from 28,905 units in the same period last year. Cumulative M&HCV sales decreased by 5% to 17,268 units, while cumulative LCV sales rose by 15% to 12,301 units. Domestic cumulative sales stood at 28,390 units, up 5% from 27,043 units.