Tech Mahindra Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on July 17, 2025.
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Tech Mahindra held its 38th AGM on July 17, 2025 via video conferencing, with all eight resolutions approved by the required majority. The routine resolutions — adoption of audited standalone and consolidated financial statements for FY ending March 31, 2025, confirmation of interim and declaration of final dividend, and re-appointment of MD & CEO Mohit Joshi (retire by rotation) — passed with overwhelming support of over 99.8%. The appointment of the Secretarial Auditor was also approved with 99.998% support. Three special business resolutions related to the new Tech Mahindra Performance Share Plan 2025, granting performance stock options to subsidiary employees, and funding the ESOP Trust received comparatively lower but still comfortable approval, ranging from 93.45% to 94.43%, indicating some institutional dissent on the ESOP-related items. A total of 7,77,836 shareholders were on record, with 109 members attending via VC.
This is a procedural disclosure confirming routine shareholder approvals; the final dividend declared is positive for income-seeking investors. The slightly lower margins on ESOP-related special resolutions are not material but reflect modest pushback from a segment of institutional shareholders on management compensation plans.