The board of directors of Mahindra & Mahindra Financial Services has recommended a dividend payment of Rs 7.50 per share to its shareholders and announced the record date for dividend entitlement. The company has set July 13, 2026 as the record date for dividend payment, with the Annual General Meeting scheduled for July 21, 2026.

Dividend Payment Schedule

The dividend recommendation of Rs 7.50 per equity share represents 375% of the face value of Rs 2 each for the financial year ended March 31, 2026. The payment process follows a structured timeline with specific dates for shareholder entitlement and approval.

Record Date and AGM Details

Shareholders whose names appear in the company's records on July 13, 2026 will be entitled to receive the dividend payment, subject to approval at the 36th Annual General Meeting. The AGM is scheduled for July 21, 2026, where shareholders will vote on the dividend proposal.

The dividend payment will be processed after July 21, 2026, contingent upon shareholder approval at the AGM. This timeline ensures proper regulatory compliance and shareholder participation in the dividend approval process.

Regulatory Compliance

The record date intimation has been filed under Regulation 42 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company has notified both BSE and NSE about the dividend schedule and record date arrangements.

The dividend recommendation underscores Mahindra & Mahindra Financial Services' commitment to returning value to shareholders while maintaining regulatory transparency and proper governance procedures.

Mahindra & Mahindra Financial Services Limited announced significant changes in its senior management structure following a Board meeting held on 24th April 2026. The company filed regulatory intimations under SEBI Listing Regulations regarding the cessation of Mr. Sandeep Mandrekar as Chief Business Officer-Wheels and the designation of four new Senior Management Personnel.

Chief Business Officer Resignation

Mr. Sandeep Mandrekar resigned from his position as Chief Business Officer-Wheels and Senior Management Personnel effective 24th April 2026. According to his resignation letter dated 1st December 2025, Mandrekar cited personal and professional interests outside full-time employment as the reason for his departure after a tenure of over 13 years with the company since its inception.

As per the mutual agreement, Mandrekar will continue his association with the company as a part-time consultant effective 27th April 2026, providing services related to the growth and development of the Wheels business, including capability building and mentoring leaders.

New Senior Management Appointments

Consequent to Mandrekar's cessation, four officials have been designated as Senior Management Personnel effective 25th April 2026. Their new or expanded roles will be effective from 1st May 2026.

Professional Backgrounds

Mr. Shantanu Padhye brings 34 years of experience across automobile and financial services sectors, having previously worked with Mahindra & Mahindra Limited and Tata Motors. Mr. Nitesh Rawal, with over 25 years in financial services, currently heads the Car Loans business and has spearheaded multiple strategic transformation projects focusing on customer experience, asset quality optimization, and process digitization.

Mr. Chanpreet Singh possesses over 20 years of banking and NBFC experience with extensive exposure to rural and semi-urban banking. He has successfully managed large portfolios and led transformations of geographically dispersed teams with strong P&L management experience. Mr. Pravin Kulkarni has 23+ years of experience across Banks, NBFCs, and Credit Bureau, having led various rural banking products and financial inclusion initiatives.

Board Meeting Outcomes

The Board meeting, which concluded at 5:35 p.m. IST on 24th April 2026, also addressed other significant matters including the approval of increased borrowing limits from Rs. 1,50,000 crore to Rs. 1,75,000 crore and the appointment of Mr. Krishna Kumar Sukumaran Nair as Additional Director representing Life Insurance Corporation of India.

The company has uploaded the regulatory filing on its website at mahindrafinance.com under investor relations. The 36th Annual General Meeting is scheduled for 21st July 2026, where shareholders will seek approval for various matters including the increased borrowing limits and director appointments.