Mahindra Lifespace Developers Limited has informed the Exchange about General Updates - Fixation of date of 27th Annual General Meeting
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Mahindra Lifespace Developers reported strong Q4 FY2026 consolidated results with revenue of Rs. 66,962 lakhs and profit after tax of Rs. 9,012 lakhs. For the full year ended March 2026, consolidated revenue reached Rs. 1,17,831 lakhs (vs Rs. 37,227 lakhs in FY25) and PAT was Rs. 29,817 lakhs (vs Rs. 6,135 lakhs). The Board recommended a final dividend of Rs. 3.50 per share (35% on face value), with record date set for 3 July 2026 and payment subject to shareholder approval at the 27th AGM on 23 July 2026. Key corporate actions include completion of a Rs. 1,49,480 lakh rights issue (5.81 crore shares at Rs. 257 each), acquisition of remaining 25.65% stake in Mahindra Homes Private Ltd making it a wholly-owned subsidiary, and transfer of an undertaking to newly created Mahindra Blossom Developers Limited for Rs. 65,890 lakh, followed by sale of 49% stake to Mitsui Fudosan (Asia) Pte Ltd.
Strong financial performance with near 5x increase in annual PAT demonstrates operational strength. The successful rights issue strengthens the balance sheet. The partnership with Mitsui Fudosan and the business transfer indicate strategic repositioning. The dividend provides direct shareholder return, subject to AGM approval.