Mahindra Lifespace Developers Limited

Mahindra Lifespace Developers Limited

Mahindra Lifespace Developers Limited has informed shareholders about the Tax Deduction at Source (TDS) / withholding tax provisions for the recommended dividend of Rs. 3.50 per equity share for the Financial Year ended March 31, 2026. This dividend is subject to approval at the 27th Annual General Meeting on July 23, 2026, with payment expected after this date. The company's communication details the applicable TDS rates and required documentation for both resident and non-resident shareholders to ensure proper tax compliance.

Mahindra Lifespace Developers Limited

Mahindra Lifespace Developers Limited has announced the acquisition of a 15-acre land parcel in Kandivali East, Mumbai. This strategic purchase is projected to have a Gross Development Value (GDV) of approximately ₹5,600 crore. The land offers a significant development potential of around 1.8 million square feet. For investors, this acquisition signifies the company's expansion into a prime Mumbai location and indicates substantial future revenue opportunities, strengthening its residential portfolio.