Mahindra Lifespace Developers Limited has informed the Exchange that Record date for the purpose of Dividend is 03-Jul-2026.
MAHLIFE · price
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Mahindra Lifespace Developers Limited reported strong FY2026 consolidated results with profit after tax of Rs. 29,817 lakhs, up significantly from Rs. 6,135 lakhs in FY2025. The Board recommended a final dividend of Rs. 3.50 per share (35% on face value of Rs. 10) for FY2026, subject to shareholder approval at the 27th AGM scheduled for 23 July 2026. The record date for dividend eligibility is Friday, 3 July 2026. The company also successfully completed a rights issue raising Rs. 1,49,480 lakhs and increased its stake in Mahindra Homes Private Ltd to 100%. Net worth grew substantially from Rs. 1,89,611 lakhs to Rs. 3,62,687 lakhs.
The recommended dividend of Rs. 3.50 per share provides income to shareholders, though the yield remains modest given current market prices. Shareholders must be on the register by 3 July 2026 to receive the dividend.