SML Mahindra announces 42nd AGM on July 21, 2026; recommends 235% final dividend.
SML Mahindra Limited will hold its 42nd AGM on July 21, 2026, via video conference. The company recommended a final dividend of 235% (₹23.5 per share), payable on or after July 22, 2026. The record date for the dividend is July 3, 2026. Members are advised to update KYC details and submit documents for TDS determination by July 10, 2026.
The announcement involves a significant dividend payout and details about the AGM, which are important for shareholders.
The announcement is positive due to the recommendation of a final dividend.
SML Mahindra Limited (formerly SML Isuzu Limited) has announced its 42nd Annual General Meeting (AGM) will be held on Tuesday, July 21, 2026, at 11:30 AM. The meeting will be conducted through Video Conferencing (VC) / Other Audio Visual Means (OAVM), in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, referencing various MCA circulars.
The Notice of the 42nd AGM along with the Annual Report for the Financial Year 2025-26 will be sent in electronic mode to members whose email addresses are registered. Physical copies can be requested via email. Both the Notice and Annual Report will be available on the company's website and the websites of BSE, NSE, and NSDL.
The Board of Directors, in its meeting held on April 20, 2026, recommended a final dividend of 235% (₹23.5 per share). This dividend, subject to member approval, will be paid on or after July 22, 2026, to members on record as of July 3, 2026.
The company also provided instructions for members regarding the update of KYC details, including PAN, contact information, and bank account details, particularly for holders of physical securities. Dividend payments for such folios will be processed electronically effective April 1, 2024. Shareholders are reminded that dividend income is taxable, and the company will deduct Tax at Source (TDS) accordingly. Shareholders are requested to submit necessary documents for TDS determination by July 10, 2026.
What to do with a filing like this
SML Mahindra Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by SML Mahindra Limited. Read the original for the full detail.