Tech Mahindra board to consider bonus shares on Oct 15-16

Tech Mahindra Limited has informed exchanges that its board will meet on October 15 and 16, 2026, to consider Q2FY27 results, an interim dividend and a proposal to issue bonus shares. What happened: The agenda for the October 15-16 meeting covers three items together, the audited Q2 numbers, an interim dividend for FY27, and a bonus share proposal. The company has not disclosed any bonus ratio yet, that will only be known after the meeting. As is standard before such an announcement, the trading window for designated persons is closed from October 1 to October 17, 2026. Price action: Tech Mahindra closed at Rs 1,524.00 on September 30, up 0.89% on the day. The stock had slipped 2.06% to Rs 1,510.50 on September 29 before this recovery. Over the past six months the stock is up about 8%, and it is up roughly 7% over the past one year. Technical picture: The stock is trading well inside its 52-week range of Rs 1,304.10 to Rs 1,854.00, closer to the lower half of that band. Rs 1,510 to 1,524, the last two sessions' closing zone, is acting as near-term support, while Rs 1,557 to 1,561, last week's levels, is the first resistance on a bounce. What to watch next: The October 15-16 board meeting for the Q2 results, the bonus ratio if approved, the record date once fixed, and whether the stock can reclaim Rs 1,557 before then. Disclosure: Palash Kag, Proprietor, Sarathi Research, SEBI Reg. No. INH000012740. No position held in Tech Mahindra Limited as on date. Views are educational and informational only, not financial advice or a recommendation to buy, sell or hold any security.