Tech Mahindra Limited has informed the Exchange about the scrutinizer report (for remote e-voting and e-voting at the AGM) of the resolutions passed by the Members of the Company at the AGM held today, i.e., on Thursday, 17th July, 2025.
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Tech Mahindra held its 38th AGM on Thursday, 17th July 2025 via video conferencing, with 109 members attending. All eight resolutions were passed with the required majority. Routine items — adoption of audited standalone and consolidated financial statements for FY25, confirmation of interim dividend and declaration of final dividend, re-appointment of Mohit Joshi as Director, and appointment of the Secretarial Auditor — each secured over 99.85% support from shareholders. Three special resolutions related to the new Tech Mahindra Performance Share Plan 2025, including grant of stock options to subsidiary employees and funding of the ESOP Trust, also passed but with comparatively lower approval (93.45% to 94.43%) and meaningful dissent of around 5–6.6% of votes. Promoters voted 100% in favour on every resolution. On the cut-off date (10th July 2025) the company had 7,77,836 shareholders on its rolls.
Shareholders have approved the FY25 accounts and dividend, and re-confirmed MD & CEO Mohit Joshi on the board — supportive for continuity. The approval of the new Performance Share Plan 2025 and funding for the ESOP Trust signals management's intent to use equity-based incentives for retention, which may lead to some dilution over time. Stock price is unlikely to react sharply as the outcomes were broadly in line with expectations.