Mahindra Lifespace Schedules FY26 AGM for July 23, 2026; Announces ₹3.50 Final Dividend Payment Timeline
Mahindra Lifespace Confirms July 23 AGM; ₹3.50 Final Dividend on Ballot
Mahindra Lifespace Developers has announced a dividend of ₹3.50 per equity share of ₹10 each for the financial year ended March 31, 2026. The payment is scheduled after July 23, 2026, subject to shareholder approval at the Annual General Meeting (AGM) on the same date.
Record Dates and Member Register
The Register of Members will close from July 4, 2026, to July 23, 2026, to determine dividend entitlement. The company has set July 3, 2026, as the record date. Shareholders on the register at the close of business on that day will be eligible to receive the dividend once it is approved.
Tax Withholding and Documentation Deadline
The company will deduct TDS at 10% for valid PAN holders and 20% otherwise. Shareholders must submit all relevant tax-related documents, including declarations and exemption forms, by June 26, 2026. Submissions received after this date will not be considered, and any higher tax deducted due to missing information will not be refundable by the company, though shareholders may claim a refund while filing income tax returns.
Resident individuals are exempt from TDS if the total dividend does not exceed ₹10,000 or if they submit Form 121. Non-resident shareholders can opt for beneficial tax rates under Double Tax Avoidance Agreements (DTAA) by submitting a Tax Residency Certificate (TRC) for Tax Year 2026-27, a self-attested PAN copy, and electronically filed Form 41.
FY26 Financial Context
The company achieved significant growth with consolidated sales reaching ₹4,118 crore and a notable 25% year-on-year sales growth. Gross development value (GDV) additions during the year totaled ₹18,060 crore.
The company also reported strong operational cash flows of ₹840 crore and maintained a healthy balance sheet with a net debt-to-equity ratio of -0.27, indicating a cash-surplus position as of March 31, 2026. The Board of Directors recommended the dividend at its meeting on April 28, 2026.
Management highlighted that the company's success in FY26 was driven by strong demand for residential projects, including successful launches such as Blossom, Marina64, and NewHaven.
Strategic Expansion
Mahindra Lifespace Developers Ltd received approval from its Committee for Investment/Land Appraisal on June 25, 2026, to incorporate two subsidiaries. The company will subscribe to 100% of the paid-up share capital in these public limited entities.
Mahindra Lifespace Developers Ltd. is an Indian real estate and infrastructure development company headquartered in Mumbai, India. The company was founded in 1994 and is part of the Mahindra Group. The company focuses on residential developments and integrated cities and industrial clusters across various locations in India including Mumbai, Pune, Nagpur, Ahmedabad, Delhi NCR, Jaipur, Hyderabad, Chennai, and Bengaluru.