M&M Financial Services has declared a dividend of ₹7.50 per equity share, equivalent to 375% on a face value of ₹2 each, for the financial year ended March 31, 2026. The dividend, recommended by the Board of Directors, will be paid after the conclusion of the 36th Annual General Meeting (AGM) scheduled for July 21, 2026. The company has fixed Monday, July 13, 2026, as the record date to ascertain members eligible for the payout.

The AGM will be held on Tuesday, July 21, 2026, at 3:30 p.m. IST through Video Conferencing (VC) or Other Audio Visual Means (OAVM). Shareholders holding shares as on the cut-off date of July 13, 2026, will be entitled to vote through remote e-voting or during the AGM. The Notice of the AGM and the Integrated Annual Report for FY2026 will be dispatched via email to members with registered addresses.

To ensure appropriate Tax Deducted at Source (TDS) rates are applied for the dividend payment, members must submit the necessary documents by logging on to the KFinTech portal or via email on or before July 6, 2026. The company has also urged equity shareholders to claim any unclaimed dividends for FY2019 by August 27, 2026, to prevent transfer to the Investor Education and Protection Fund (IEPF).

Key AGM and Dividend Details

Physical security holders are required to complete their KYC in Form ISR-1 and submit it to KFin Technologies Limited, the company's Registrar to an Issue and Share Transfer Agent. Security holders who have not updated their folios with mandatory KYC details will only be eligible to receive payments through electronic mode upon updating these details.

Mahindra & Mahindra Financial Services Ltd has allotted 93,500 secured, redeemable non-convertible debentures (NCDs) aggregating ₹935,01,60,000 on a private placement basis. The Debenture Allotment Committee approved the allotment on June 18, 2026, at 2:45 P.M. IST, following successful bidding on the BSE Bond-EBP Platform. The issuance comprises a base issue size of ₹500 crore and a greenshoe subscription of ₹435 crore. The debentures, designated as Series AD2026, carry a fixed coupon rate of 7.90% per annum and are rated instruments to be listed on the Wholesale Debt Market Segment of BSE Limited.

The NCDs have a tenure of three years, or 1,096 days, from the deemed date of allotment of June 18, 2026, with a maturity date of June 18, 2029. The face value of each debenture is ₹1,00,000, and they were issued at multiple pricing based on investor bids. The Debenture Issuance Committee had initially authorized the proposal on June 15, 2026.

Security and Payment Structure

The NCDs are secured by way of an exclusive charge in favor of the Debenture Trustee on present and future receivables under loan contracts, hire purchase, and lease agreements. Additionally, the charge covers owned assets and book debts to the extent of 100% of the outstanding debentures. The company will create the appropriate security within the time frame prescribed by applicable law, ensuring the assets are free from any encumbrances.

In the event of a delay in payment of interest or principal for more than three months from the due date, the company will pay additional interest at 2% per annum over the coupon rate for the defaulting period. The debentures do not carry any special rights, interests, or privileges beyond the standard terms.

Coupon and Redemption Schedule

The interest payments will be made annually on June 18 each year until maturity. The principal amount will be repaid in full on the maturity date. The schedule for cash flows per debenture is outlined below: