Mahindra & Mahindra Financial Services Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 22, 2025
M&MFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mahindra & Mahindra Financial Services Limited held its 35th AGM on July 22, 2025, via video conferencing from 3:30 PM to 5:30 PM IST, attended by 83 members and chaired by Dr. Anish Shah. Shareholders approved the audited standalone and consolidated financial statements for FY ended March 31, 2025, and declared a dividend of Rs. 6.50 per share (325%) on equity shares of face value Rs. 2 each. Key special resolutions included re-appointment of Dr. Rebecca Nugent as Independent Director for a second 5-year term and an increase in the company's borrowing limit to Rs. 1,50,000 crore. Other approvals covered the appointment of M/s. Makarand M. Joshi & Co. as Secretarial Auditor for five years (FY 2025-26 to FY 2029-30) and material related party transactions with Life Insurance Corporation of India. The joint statutory auditors' and secretarial auditors' reports had no qualifications. Voting results will be announced separately within the regulatory timelines.
The Rs. 6.50 dividend rewards shareholders, while the sharp increase in the borrowing limit to Rs. 1.5 lakh crore signals significant business expansion plans ahead. Material RPT approval with LIC, a major shareholder, may draw close scrutiny from minority investors.