StockWatch
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Computers - Software & Consulting
Board Meeting15 Oct 2026, 05:00 pm

Tech Mahindra Declares Interim Dividend of ₹15/Share, Recommends 1:1 Bonus Issue

AI Summary

Tech Mahindra Limited announced that its Board of Directors, in a meeting held on October 15, 2026, approved the audited financial results for the second quarter and half-year ended September 30, 2026. The Board also declared an interim dividend of ₹15 per equity share (300%) for FY 2026-27, with a record date of October 23, 2026. Additionally, the Board recommended a bonus issue of equity shares in the ratio of 1:1, subject to shareholder approval via postal ballot. This bonus issue will involve an increase in the authorized share capital from ₹924.3 crore to ₹1,000 crore.

Key Highlights

  • Audited financial results for Q2 and H1 FY27 declared.
  • Interim dividend of ₹15 per share declared for FY27.
  • Record date for interim dividend set as October 23, 2026.
  • Recommended a 1:1 bonus equity share issue.
  • Authorized share capital to increase to ₹1,000 crore.