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Mahindra & Mahindra Financial Services Ltd. - Outcome of Board Meeting

| Updated on April 24, 2019 Published on April 24, 2019

The Board of Directors of the Company at its Meeting held today, i.e. on 24th April, 2019, has inter alia:

I. Approved recommendation of a Dividend of Rs. 4.00 (200%) per Equity Share and also a Special Dividend of Rs. 2.50 (125%) per Equity Share, aggregating Rs. 6.50 (325%) per Equity Share of the face value of Rs. 2 each for the Financial Year ended 31st March, 2019.
II. (a) Approved enabling Resolution, subject to Shareholders approval at the ensuing Annual General Meeting of the Company, inter alia, including increase in borrowing limits of the Company from Rs. 70,000 crores to Rs. 80,000 crores.



(b) The approval of the Shareholders will also be sought at the ensuing Annual General Meeting for the re-appointment of Mr. Dhananjay Mungale (Chairman) and Ms. Rama Bijapurkar as Independent Directors for a second term of five (5) consecutive years each commencing from 24th July, 2019 to 23rd July, 2024.

Pdf Link: Mahindra & Mahindra Financial Services Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on April 24, 2019
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