Mahindra Lifespace Developers Limited has informed the Exchange that Board of Directors at its meeting held on April 28, 2026, recommended Final Dividend of Rs. 3.5 per equity share.
MAHLIFE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mahindra Lifespace Developers Limited's Board approved Q4 and full year FY2026 results (ending March 31, 2026). Consolidated profit after tax surged to Rs. 29,817 lakhs versus Rs. 6,135 lakhs in FY2025, while total income more than doubled to Rs. 1,26,595 lakhs. The Board recommended a final dividend of Rs. 3.50 per equity share (35% on Rs. 10 face value), subject to shareholder approval at the AGM on July 23, 2026. Record date for dividend is July 3, 2026. The company also completed a rights issue raising Rs. 1,49,480 lakhs and acquired 100% stake in Mahindra Homes Private Limited during the year.
The strong financial performance and maiden dividend recommendation are positive signals for shareholders. The company has significantly improved profitability year-on-year, though dividend yield remains modest given current valuations.