TMTech Mahindra532755Dividend news update

Board declares interim dividend of Rs. 15 per share for FY 2026-27; record date 23 October 2026

Interim dividend of Rs. 15/- per equity share of face value Rs. 5/- each (300%) declared for FY 2026-27.

By ScoutQuest · Thu 15 Oct 2026, 5:03 PM IST · 3 min read

Interim Dividend

Rs. 15/- per equity share of face value Rs. 5/- each (300%) declared for FY 2026-27

Record Date

Friday, 23 October 2026

Bonus Issue Recommended

1:1 bonus issue recommended for shareholder approval via postal ballot

Tech Mahindra's Board met on Thursday, 15 October 2026 and approved the audited financial results for the quarter and half year ended 30 September 2026, declared an interim dividend, and recommended a bonus issue. The meeting commenced at 2:30 p.m. (IST), concluded at 4.45 p.m. (IST), and was thereafter adjourned to be convened the next day, Friday, 16 October 2026.

Interim dividend

• Interim dividend of Rs. 15/- per equity share of face value Rs. 5/- each, which is 300% of the face value, for the financial year 2026-27.
• Record date for entitlement: Friday, 23 October 2026.
• Payment to be made by 13 November 2026 through electronic mode.
• For shares held in demat form, payment goes to those whose names appear as beneficial owners at the end of business hours on the record date, as per the list furnished by NSDL and CDSL. For shares held in physical form, payment goes to members in the register of members on that date, after giving effect to valid transmission or transposition requests lodged on or before the record date.

Bonus issue recommended

• Issue of bonus equity shares in the ratio of 1:1, meaning one new fully paid-up bonus equity share of Rs. 5/- each for every one existing fully paid-up equity share of Rs. 5/-.
• The Board has recommended this for approval of the shareholders through postal ballot; the record date for the bonus issue will be intimated separately.
• The bonus shares are proposed to be issued by capitalisation of amounts standing to the credit of the Securities Premium Account and/or General Reserves and/or Retained Earnings and/or any other permitted reserves, as per the audited financial statements for the financial year ended 31 March 2026.
• Number of bonus shares proposed: 98,02,05,040 equity shares of Rs. 5/- each, amounting to Rs. 4,90,10,25,200/-. The actual number will be determined based on the fully paid-up equity shares as on the record date.
• Estimated credit or dispatch of bonus shares: within 2 months from the date of Board approval, i.e. by 15 December 2026.

Authorised share capital

• Proposed increase from Rs. 924.3 crore to Rs. 1,000 crore, with a consequent amendment to Clause V(a) of the Memorandum of Association. This too is recommended for shareholder approval through postal ballot.

Reserves position (as at 31 March 2026, audited standalone)

• Securities Premium Account: Rs. 2,831.1 crore
• Capital Redemption Reserve: Rs. 10.3 crore
• Retained Earnings: Rs. 18,372.6 crore
• Free reserves and/or share premium required for the bonus issue: Rs. 490.10 crore, based on the estimated number of bonus shares; the actual amount will depend on the paid-up share capital on the record date.

Share capital before and after the bonus issue

Pre-bonus

• Authorised: Rs. 9,24,30,00,000/- comprising 1,84,86,00,000 equity shares of Rs. 5/- each, fully paid-up.
• Issued, subscribed and paid-up: Rs. 4,90,10,25,200/- comprising 98,02,05,040 equity shares of Rs. 5/- each, fully paid-up.

Post-bonus

• Authorised: Rs. 10,00,00,00,000/- comprising 2,00,00,00,000 equity shares of Rs. 5/- each, fully paid-up.
• Issued, subscribed and paid-up: Rs. 9,80,20,50,400/- comprising 1,96,04,10,080 equity shares of Rs. 5/- each, fully paid-up.
• The actual post-bonus share capital will be determined based on the fully paid-up equity shares as on the record date.

Audit opinion

• The statutory auditor's report on the consolidated financial results for the quarter and half year ended 30 September 2026 carries an unmodified opinion.
• Under "Emphasis of Matter", attention is drawn to Note 4 on erstwhile Satyam Computer Services Limited, amalgamated with the Holding Company with effect from 1 April 2011. Claims were made by 37 companies in the City Civil Court for alleged advances amounting to Rs. 12,304 million to erstwhile Satyam. Management, on the basis of the current legal status, lack of documentation supporting the claims and external legal opinion, believes these claims will not be payable on final adjudication. The opinion is not modified in respect of this matter.
• The consolidated results include the audited financial results of 62 subsidiaries.

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