Will Other IT Majors Follow? Tech Mahindra Set To Consider First Bonus Issue Since 2015
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Tech Mahindra will consider its first bonus share issue since 2015 during a board meeting on Oct.
- ✓The company said it will also discuss financial results for the quarter ended Sept.
- ✓Investors now watch if this move prompts other IT majors to follow with similar corporate actions.
Story at a Glance
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- MARKET
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- NDTV Profit
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- 2 Minute(s)
- Market Focus
- India Economy
Tech Mahindra is set to consider a proposal for its first bonus share issue in over a decade, with the company's board scheduled to meet on Oct. 15-16 to discuss the corporate action alongside its second-quarter financial results.
The company said its board will consider and approve the audited standalone and consolidated financial results for the quarter and half year ended Sept. 30, 2026. The Q2 results are scheduled to be considered and declared on Thursday, Oct. 15.
The potential bonus issue would mark Tech Mahindra's first such corporate action since 2015. The IT services company had announced a 1:1 bonus issue in 2015, meaning eligible shareholders received one additional share for every share held. In the same year, Tech Mahindra had also decided to split its shares in a 2:1 ratio.
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