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Tech Mahindra Announces 1:1 Bonus Shares and ₹15 Dividend
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CNBC TV18•15-10-2026, 17:08
Tech Mahindra Announces 1:1 Bonus Shares and ₹15 Dividend
- •Tech Mahindra proposed a 1:1 bonus issue, rewarding retail shareholders for the first time since March 2015.
- •The board declared an interim dividend of ₹15 per share with a record date of October 23, 2026.
- •The company plans to increase its authorised share capital from ₹924.3 crore to ₹1,000 crore.
- •CEO Mohit Joshi highlighted deal wins exceeding USD 1 billion in each of the last four quarters.
- •CFO Rohit Anand reported margin expansion for the 12th consecutive quarter driven by disciplined execution.
Key Questions Answered
Tech Mahindra has proposed issuing bonus shares in a 1:1 ratio, marking its first bonus issue since March 2015. The record date for determining eligibility will be announced separately.
Tech Mahindra declared an interim dividend of ₹15 per share for the financial year 2026-27. The record date for dividend eligibility is set for October 23, 2026, with payment scheduled by November 13.
Tech Mahindra previously issued bonus shares in March 2015, when the company distributed one bonus share for every existing share held. The upcoming 1:1 bonus proposal marks the company's first bonus issue in 11 years.
