Mahindra & Mahindra Financial Services Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on July 22, 2025 and Integrated Annual Report for the financial year 2024-2025
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Mahindra & Mahindra Financial Services Limited has announced its 35th Annual General Meeting scheduled for July 22, 2025, alongside the release of the Integrated Annual Report for FY2024-25. The company reported a strong 33% year-on-year jump in Profit After Tax to Rs. 2,345 crore, with Gross Loan Book growing 17% to Rs. 1,19,673 crore and record-high annual disbursements of Rs. 57,900 crore (up 3% YoY). The Board has recommended a healthy dividend of Rs. 6.50 per share (325%) on a face value of Rs. 2, with Capital Adequacy Ratio at a comfortable 18.3% and asset quality stable at Gross Stage 3 of 3.7%. Key resolutions to be tabled at the AGM include re-appointment of directors, appointment of a new secretarial auditor, approval for material related party transactions with LIC up to Rs. 5,000 crore, and an increase in borrowing limits to Rs. 1,50,000 crore.
The 33% PAT growth and 325% dividend declaration are positive signals for shareholders, indicating strong profitability and shareholder rewards. Shareholders will need to vote on the proposed increase in borrowing limits (to Rs. 1.5 lakh crore) and material related party transactions with LIC, which reflect business expansion plans.