Tech Mahindra Ltd has announced a record date for interim dividend payment. On 10th November 2022, the record date is fixed by the BOD of the company. Also, the company has informed Indian exchanges that the board of directors will consider an interim dividend payment in its meeting, which will be scheduled on 1st November 2022. 

Informing Indian stock market exchanges about an interim dividend for the FY2022-23, Tech Mahindra Ltd said, “Pursuant to the provisions of Regulation 29(1)(e) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“SEBI Listing Regulations 2015″) and in continuation of our earlier communication dated 7th October 2022 regarding conveying of Board Meeting on 31st October & 1st November 2022, we would like to inform that the Board of Directors will also consider a proposal for payment of interim dividend for the financial year 2022-23, at its meeting scheduled on 31st October and 1st November 2022.”

“The Board will consider the payment of Interim Dividend on 1st November 2022,” Tech Mahindra informed exchanges. “Further pursuant to Regulation 42(2), the Company has fixed 10th November 2022 as the record date for determining the members entitled to receive the Interim dividend, if approved by the Board.” 

In 2022, Tech Mahindra’s share price remained under sell-off heat. The IT stock has corrected to Rs 1083 from Rs 1785 per share YTD time, which is 40 per cent. It climbed to its 52-week high of Rs 1538 per share on National Stock Exchange (NSE) in December 2021 and has corrected by over 40 per cent. It made its 52-week low of Rs 943.70 apiece in the first quarter of FY23.