Mahindra Lifespace Recommends ₹3.50 Dividend; Tax Rules Noted

Mahindra Lifespace Developers Ltd has announced that its Board of Directors, in a meeting held on April 28, 2026, recommended a dividend of ₹3.50 per equity share (35% on face value) for the Financial Year ended March 31, 2026. The dividend payment is subject to shareholder approval at the 27th Annual General Meeting scheduled for July 23, 2026, and will be paid after July 23, 2026. The company has also issued an important communication to shareholders regarding Tax Deduction at Source (TDS) on dividends, effective from April 1, 2020, as per the Income Tax Act, 2025. Shareholders are advised to update their PAN, residential status, and other details to ensure correct TDS application.