Dividend27 May 2026, 08:51 pm
M&M Recommends ₹33 Dividend for FY26
AI Summary
Mahindra & Mahindra Ltd's board has recommended a dividend of ₹33 (660%) per ordinary share of ₹5 each for the financial year ended March 31, 2026. The dividend payment is subject to shareholder approval at the AGM scheduled for July 30, 2026, and will be paid after July 30, 2026. The company will deduct tax at source (TDS) as per the Income Tax Act, 2025. Shareholders are requested to update their PAN, residential status, and other details with their Depository Participants.
Key Highlights
- M&M board recommends a dividend of ₹33 per share for FY26.
- Dividend payment is subject to shareholder approval at the AGM on July 30, 2026.
- TDS will be deducted as per the Income Tax Act, 2025.
- Shareholders must update their PAN and other details with Depository Participants.
- No tax deduction for resident individuals if dividend income is below ₹10,000.
Price Impact
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