Tech Mahindra Board To Consider Bonus Issue And FY27 Interim Dividend On 15 October
Add Preferred News Source
Tech Mahindra's board will consider a bonus issue and an interim dividend for FY27 at its meeting on 15 October 2026 and 16 October 2026. The board will also review the company's second-quarter and half-year financial results.
Shares of Tech Mahindra Limited will remain in focus as the company has scheduled a two-day board meeting on 15 October 2026 and 16 October 2026 to consider an interim dividend for FY27 and a proposal to issue bonus shares.
The board will also consider the audited standalone and consolidated financial results for the second quarter and half-year ended 30 September 2026. The company has said the second-quarter results will be declared on 15 October 2026.
On the National Stock Exchange (NSE), Tech Mahindra shares were trading at ₹1,545, up ₹21 or 1.38% at 10:12 am on 1 October 2026. The stock opened at ₹1,540, touched a high of ₹1,554.80 and a low of ₹1,522.30.
Tech Mahindra’s Bonus Issue History And Dividend Record
The company has not disclosed the ratio or other details of the proposed Tech Mahindra bonus shares. This would be the company's first bonus issue since March 2015. In that earlier issue, shareholders received one bonus share for every share held.
Details of the proposed Tech Mahindra dividend for FY27 are also pending. The company had announced a ₹36 per share dividend in July, which was reported as its highest-ever dividend.
Over the past three years, Tech Mahindra has distributed ₹168 per share through dividends. This includes interim dividends of ₹15 per share each in October 2025 and October 2024, along with final dividends of ₹30 per share in 2025, ₹28 per share in 2024 and 32 per share in 2023.
Tech Mahindra Q2 Results Forecast
The upcoming Tech Mahindra Q2 FY2026-27 results have a forecast of 1.6% quarter-on-quarter (QoQ) growth. The Orange deal and the ramp-up of strong deal wins from the previous quarter are expected to contribute to growth. This is expected to be partly offset by lower Pininfarina revenue following the delivery of a large programme in Q1.
The depreciation of the rupee and operational efficiency are likely to support a steady earnings before interest and tax (EBIT) margin. However, an 80 basis point (bps) impact from wage revisions is likely to counterbalance part of the advantages. A foreign exchange loss of USD 25 million for the quarter is also forecasted.
Net new deal wins are estimated at around USD 0.9 billion. While this would be lower than the preceding three quarters, the forecast is described as representing 10% year-on-year (YoY) growth.
Also Read - Govt Cuts Windfall Tax On Diesel, ATF Exports From 1 October
This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
Right Tools, Rich Insights
