Tech Mahindra Approves 1:1 Bonus Issue and ₹15 Interim Dividend
Tech Mahindra declared an interim dividend of ₹15 per share for FY27, with a record date of October 23, 2026. The board also recommended a 1:1 bonus share issue, subject to shareholder approval. Audited financial results for Q2 and H1 FY27 were approved.
A 1:1 bonus issue is a significant corporate action that can increase the number of outstanding shares and potentially boost liquidity. The interim dividend also directly benefits shareholders.
The company announced a bonus issue and an interim dividend, which are generally viewed positively by investors as they return value to shareholders.
Tech Mahindra Limited's Board of Directors, in a meeting held on October 15, 2026, approved several key financial and corporate actions. The board declared an interim dividend of ₹15 per equity share (300%) for the Financial Year 2026-27, with a record date set for October 23, 2026, and payment scheduled by November 13, 2026.
Furthermore, the board recommended a bonus equity share issue in the ratio of 1:1, meaning one new bonus share for every existing share held. This proposal, along with an increase in authorized share capital from ₹924.3 crore to ₹1,000 crore, will be subject to shareholder approval via postal ballot.
The company also announced its audited consolidated and standalone financial results for the second quarter and half-year ended September 30, 2026. The board meeting commenced at 2:30 p.m. IST and concluded at 4:45 p.m. IST, with a subsequent adjournment to October 16, 2026.
Details of the bonus issue, as per SEBI regulations, include the issuance of approximately 98,02,05,040 equity shares of ₹5 each, amounting to ₹4,90,10,25,200. The bonus shares are to be capitalized from securities premium account, general reserves, and/or retained earnings, as per the audited financial statements for the year ended March 31, 2026. The company estimates the bonus shares will be credited/dispatched within two months of board approval, by December 15, 2026.
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Tech Mahindra Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Tech Mahindra Limited. Read the original for the full detail.