The board of directors of Mahindra & Mahindra Financial Services Limited meeting held on May 4, 2024, recommendation of dividend of INR 6.30 per equity share of face value of INR 2 each (i.e. 315%) for the financial year ended March 31, 2024. The dividend payout is subject to the members' approval at the forthcoming 34th Annual General Meeting (AGM) of the company to be held on July 23, 2024. The register of members and share transfer books of the company will remain closed for the purpose of payment of dividend and AGM from July 17, 2024 to July 23, 2024 (both days inclusive).

The dividend on equity shares for the year ended March 31, 2024, as recommended by the Board of Directors and if declared at the AGM, will be paid/dispatched by the Company, through permitted modes, after July 23, 2024 to those shareholders or their mandates.