Mahindra & Mahindra Financial Services Limited has informed the exchanges that its board recommended a final dividend of Rs 7.50 per equity share for the financial year ended 31 March 2026. The dividend represents 375% on the face value of Rs 2 per share.
The payout awaits shareholder approval at the 36th Annual General Meeting to be held on 21 July 2026. The record date for the dividend has been set as 13 July 2026. Shareholders on record as of that date will be eligible for the dividend.
Shareholders must submit documents for tax exemption or lower tax deduction by 6 July 2026. Mahindra & Mahindra Financial Services Limited will deduct tax at source at 10% for resident shareholders with a valid PAN and at 20% without a valid PAN. Non-resident shareholders may claim benefits under applicable Double Taxation Avoidance Agreements. No TDS will be deducted if the total dividend payable to a resident individual shareholder is up to Rs 10,000 in a financial year.
PAN, tax residency status, mobile number, email, and bank account details must be updated with the depository participant or with the registrar, KFin Technologies Limited, before the 6 July 2026 deadline. Dividend payments will be made only through electronic mode, and no physical warrants or cheques will be issued. Physical shareholders are encouraged to dematerialise their holdings.
Physical shareholders must complete mandatory KYC by submitting PAN, nomination, contact details, bank account information, and specimen signature. Shares on which dividends have remained unclaimed for seven consecutive years will be transferred to the Investor Education and Protection Fund. Shareholders with unclaimed dividends from FY2019 onwards must file their claims by 27 August 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.