Tech Mahindra board to consider interim dividend on October 25

The payment of the interim dividend will be considered by the board on October 25.

IT services company Tech Mahindra is planning to consider a proposal for its interim dividend for the financial year 2023-24 on October 25, it said in a regulatory filing on October 19.

The company will announce its results for the September quarter next week.

The payment of the interim dividend will be considered by the board on October 25.

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“We would like to inform that the Board of Directors will also consider a proposal for payment of interim dividend for the financial year 2023-24, at its meeting scheduled on 24th October & 25th October, 2023," said the company in its stock exchange filing.

For the June quarter, Tech Mahindra reported a 38 percent year-on-year decline in net profit which stood at Rs 692.5 crore.

Shares of Tech Mahindra on October 19 closed 1.29 percent lower at Rs 1170.70 apiece.

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