Mahindra Lifespace Developers Limited has informed the Exchange that Board of Directors at its meeting held on April 25, 2025, recommended Final Dividend of Rs. 2.80 per equity share.
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The Board of Directors of Mahindra Lifespace Developers Limited, at its meeting held on April 25, 2025, has recommended a Final Dividend of Rs. 2.80 per equity share for its shareholders. This dividend is subject to approval by the shareholders at the upcoming Annual General Meeting (AGM). The final dividend, once approved, will be paid to shareholders whose names appear in the company's register on the record date to be announced later. Mahindra Lifespace Developers is the real estate arm of the Mahindra Group.
This is a modest dividend payout providing some return to shareholders. Investors should watch for the record date announcement and check the dividend yield against the current share price to assess attractiveness.