StockWatch
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Computers - Software & Consulting
Dividend15 Oct 2026, 05:10 pm

Tech Mahindra Declares Interim Dividend, Recommends Bonus Shares

AI Summary

Tech Mahindra's Board of Directors has approved audited financial results for Q2 and H1 FY27, declaring an interim dividend of ₹15 per equity share (300%). The record date for this dividend is October 23, 2026, with payment by November 13, 2026. Additionally, the Board recommended a 1:1 bonus share issue, subject to shareholder approval via postal ballot. This bonus issue will increase the authorized share capital from ₹924.3 crore to ₹1,000 crore, requiring an amendment to the company's Memorandum of Association. The record date for the bonus issue will be announced separately. The Board meeting also reviewed consolidated and standalone financial results.

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 shareholder approval.
  • Authorized share capital to increase to ₹1,000 crore.