SML Mahindra Limited has informed the Exchange that Record date for the purpose of Dividend is 03-Jul-2026.
SMLMAH · price
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SML Mahindra reported strong FY2026 results with revenue growing 18% to Rs 2,838 crores and net profit up 31% to Rs 160 crores compared to FY2025. EPS improved from Rs 84.08 to Rs 110.39. The Board recommended a final dividend of Rs 23.50 per share (235% on face value of Rs 10), totaling about Rs 34 crores, subject to shareholder approval at the AGM on July 21 2026. The record date for dividend entitlement is July 3 2026. The company also appointed Mr K.N. Vaidyanathan as Internal Auditor for FY2026-27, replacing S. Tandon & Associates. Statutory auditors B S R & Co. LLP issued an unmodified opinion on the financial results.
The 31% profit growth and increased dividend are positive signals for shareholders. The stock should react favorably to the strong earnings beat and dividend announcement. Shareholders on record by July 3 2026 will be eligible to receive the Rs 23.50 dividend.