Mahindra Lifespace Developers Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 25, 2025
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Mahindra Lifespace Developers held its 26th AGM on July 25, 2025 via video conferencing, attended by 72 members and chaired by Mr. Ameet Hariani. All 10 resolutions on the agenda were passed with the requisite majority, including the adoption of audited standalone and consolidated financial statements for FY25 and the declaration of a dividend of Rs. 2.80 per equity share (face value Rs. 10). Members approved the re-appointment of Ms. Rucha Nanavati as a Non-Executive Non-Independent Director and the appointment of M/s. Martinho Ferrao & Associates as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30). A Special Resolution was passed for payment of remuneration to Non-Executive Directors, and Ordinary Resolutions cleared material related party transactions with Mahindra & Mahindra, Mahindra World City Developers, and Mahindra Industrial Park Chennai. The meeting ran from 3:00 PM to 5:14 PM IST, and the Chairman briefed members on company performance and business prospects.
This is a procedural disclosure confirming shareholder approval of routine items, including the FY25 dividend of Rs. 2.80 per share. The related party transactions and director remuneration approvals are standard compliance matters and are not expected to materially move the stock. No negative or unexpected disclosures were reported in the proceedings.