M&M Financial Services declares Rs 7.50 dividend for FY26
Mahindra & Mahindra Financial Services Limited has announced a final dividend of Rs 7.50 per share for FY26, pending AGM approval on July 21, 2026. The record date is set for July 13, 2026. Shareholders must submit tax-related documents by July 6, 2026, to ensure correct TDS deduction.

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Mahindra & Mahindra Financial Services Limited has recommended a final dividend of Rs 7.50 per equity share, representing 375% of the face value of Rs 2 each, for the financial year ended March 31, 2026. The dividend will be paid to shareholders whose names appear in the Register of Members or records of the company as on the close of business hours on July 13, 2026. This payout is subject to the approval of the members at the ensuing 36th Annual General Meeting scheduled for July 21, 2026.
The Board of Directors approved the recommendation at its meeting held on April 24, 2026. The company has notified shareholders that the dividend will be paid only in electronic mode, adhering to SEBI (LODR) (Fifth Amendment) Regulations, 2025. Consequently, physical dividend warrants or cheques will not be issued.
Tax Deduction and Compliance Requirements
Under the provisions of the Income-tax Act, 2025, dividend income is taxable in the hands of shareholders. The company is required to deduct Tax Deducted at Source (TDS) at 10% for resident shareholders with a valid Permanent Account Number (PAN) and 20% for those without or with an invalid PAN. For Non-Resident shareholders, TDS will be deducted at rates prescribed under the Act or Double Taxation Avoidance Agreement, if applicable. No TDS is required if the total dividend payable to a Resident Individual shareholder does not exceed Rs 10,000 in a financial year.
Shareholders seeking tax exemption or lower tax deduction must submit the necessary documents to the company's Registrar and Share Transfer Agent, KFin Technologies Limited, on or before July 6, 2026. The specific forms and applicable tax rates are detailed in Annexure A available on the company's website. The company has emphasized that documents received after the deadline will not be accepted.
Key Dates and Deadlines
| Event | Date |
|---|---|
| Board Meeting Date | April 24, 2026 |
| Record Date for Dividend | July 13, 2026 |
| Annual General Meeting | July 21, 2026 |
| Deadline for Tax Documents | July 6, 2026 |
| IEPF Claim Deadline (FY2019) | August 27, 2026 |
Additional Shareholder Directives
The company has urged shareholders holding shares in physical form to complete mandatory Know Your Customer (KYC) requirements to receive dividend payments. This includes furnishing PAN, nomination, contact details, and bank account information via Form ISR-1. Payments will remain unpaid until these KYC norms are met. Furthermore, the company advised physical shareholders to dematerialise their holdings at the earliest, as transfer and transmission requests will be processed only in dematerialised mode.
In a measure to reduce unclaimed dividends, the company may proactively transfer unclaimed amounts to the bank accounts of shareholders who have updated their details. Shareholders who do not wish for this transfer must notify the company otherwise.
Historical Stock Returns for M&M Financial Services
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.52% | -5.29% | -6.97% | -18.69% | +9.49% | +82.42% |
How will the transition to fully electronic dividend payments impact the company's unclaimed dividend figures moving forward?
What is the expected impact of the new Income-tax Act, 2025 provisions on shareholder retention and dividend yield attractiveness?
Will the aggressive push for dematerialisation lead to a significant reduction in the company's administrative costs?


































