Tech Mahindra Board Approves Interim Dividend of ₹15 & Recommends 1:1 Bonus Issue
Tech Mahindra declared an interim dividend of ₹15 per share, 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 FY27 were approved.
The bonus issue, which effectively doubles the number of shares outstanding, and the interim dividend are significant events that can impact the company's share price and investor sentiment.
The declaration of an interim dividend and the recommendation of a bonus issue are positive corporate actions that are generally well-received by investors.
Tech Mahindra Limited announced the outcome of its Board Meeting held on October 15, 2026. The Board approved the audited consolidated and standalone financial results for the second quarter and half-year ended September 30, 2026.
Additionally, the Board declared an interim dividend of ₹15 per equity share (300%) for the Financial Year 2026-27. The record date for this dividend is Friday, October 23, 2026, and the payment is scheduled by November 13, 2026.
Furthermore, the Board recommended a bonus equity share issue in the ratio of 1:1 (one new share for every one existing share held). This recommendation, along with an increase in the authorized share capital from ₹924.3 crore to ₹1,000 crore, will be put forth for shareholder approval via postal ballot. The company anticipates issuing approximately 98,02,05,040 equity shares, amounting to ₹4,90,10,25,200. The bonus shares are expected to be credited/dispatched within two months of board approval, by December 15, 2026.
The Board meeting commenced at 2:30 p.m. IST and concluded at 4:45 p.m. IST, and was adjourned to reconvene on October 16, 2026. The company also uploaded this information on its website.
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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.