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Tech Mahindra Shares Drop 4% Ahead of Q2 Results and First Bonus Issue in 11 Years

CNBC TV18•12-10-2026, 12:26

•Tech Mahindra shares declined up to 4% on Monday ahead of the upcoming board meeting to consider Q2 results and a bonus issue.
•This marks the first potential bonus share issuance by the company in 11 years, with the last one occurring in March 2015.
•The company has a consistent history of rewarding shareholders, having paid regular dividends including a record ₹36 per share in July.
•At the end of the June quarter, promoters held a 34.97% stake while public shareholders held 65.03% in the IT major.

Tech Mahindra previously issued bonus shares in March 2015 using a 1:1 ratio, marking the last instance before its upcoming board considerations.

The board meeting will evaluate Tech Mahindra's quarterly financial results for Q2 alongside a potential bonus share issue for its shareholders.

At the close of the June quarter, approximately 7.1 lakh small retail shareholders held a 6.18% stake in Tech Mahindra.