StockWatch
·
Computers - Software & Consulting
Corporate Action15 Oct 2026, 05:10 pm

Tech Mahindra Declares Interim Dividend, Recommends Bonus Shares

AI Summary

Tech Mahindra's Board of Directors has approved audited consolidated and standalone financial results for Q2 and H1 FY27. The company declared an interim dividend of ₹15 per equity share (300%), with a record date of October 23, 2026. Additionally, the Board recommended a 1:1 bonus issue, subject to shareholder approval via postal ballot, and an increase in authorized share capital from ₹924.3 crore to ₹1,000 crore. The record date for the bonus issue will be announced separately. The financial results were accompanied by unmodified audit reports and a press release.

Key Highlights

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