Mahindra Finance Recommends ₹7.50 Dividend; Tax Norms Clarified

Mahindra & Mahindra Financial Services Ltd announced that its Board of Directors has recommended a final dividend of ₹7.50 per equity share (375%) for the financial year ended March 31, 2026. This dividend is subject to shareholder approval at the upcoming Annual General Meeting on July 21, 2026. The record date for determining eligible shareholders is July 13, 2026. The company also provided detailed information regarding tax implications on dividends, including Tax Deducted at Source (TDS) rates for resident and non-resident shareholders, and the importance of updating PAN and Aadhaar details to avoid higher deduction rates. Shareholders are urged to submit necessary documentation by July 6, 2026, to avail tax exemptions or lower tax deductions.