The 38th Annual General Meeting Of The Company Will Be Held On Thursday, 17th July, 2025 at 3.30 P.M. (IST) through Video Conferencing / Other Audio Visual Means.
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Tech Mahindra has called its 38th Annual General Meeting (AGM) for 17th July 2025 at 3:30 PM, to be held via video conferencing. Shareholders will vote on adopting FY25 audited financial statements, confirming the ₹15 interim dividend (already paid in November 2024) and approving a final dividend of ₹30 per share, taking the total payout for FY25 to ₹45 per share (900% on face value). The record date for the final dividend is 4th July 2025, and books will be closed from 5th to 17th July. Other key items include the re-appointment of Mr. Mohit Joshi as Director, the appointment of M/s. Makarand M. Joshi & Co. as Secretarial Auditor for five years, and the proposed adoption of a new Tech Mahindra Performance Share Plan 2025 (TechM PSP 2025) covering up to 75 lakh performance stock units (PSUs) for eligible employees, including those of subsidiaries. The company will also provide up to ₹5 crore in funding to its ESOP Trust to support the plan. The Integrated Annual Report and BRSR for FY24-25 have been dispatched electronically to shareholders.
Strong ₹45 total dividend for FY25 is a positive for income-focused investors, with the final ₹30 payout pending shareholder approval on 17th July. The new PSU-based employee stock plan could lead to mild equity dilution over time but is aimed at retaining talent. No immediate impact on share price is expected from the AGM notice itself, but the dividend record date of 4th July is important for eligibility.