Swaraj Engines Ltd., a key entity within the Mahindra & Mahindra (M&M) Group, has announced a significant equity dividend for its shareholders. The company's board has recommended a payout of ₹110 per share for the financial year concluding on March 31, 2026.
Swaraj Engines Recommends ₹110 Dividend
The dividend recommendation, detailed in a recent stock exchange filing, comes after a strong financial performance. Shareholders will consider and potentially approve this dividend at the company's upcoming 40th Annual General Meeting (AGM).
Stock Performance Highlights
The announcement coincided with a notable rally in Swaraj Engines' stock. On Wednesday, April 15, the shares surged over 12%, reaching a day's high of ₹4388.20 from its previous close of ₹3900.95. This latest gain contributed to an impressive overall performance, with the stock trading in positive territory for eight out of the last nine trading sessions and achieving a 32% increase during that period.
Record Date and Annual General Meeting
Swaraj Engines has set Friday, July 3, 2026, as the record date for the dividend payment. The company's 40th Annual General Meeting is scheduled for Monday, July 20, 2026. If shareholders give their final approval at the AGM, the dividend payouts are expected to be distributed shortly after July 20.
Historical Dividend Payouts
The company has a consistent history of rewarding its shareholders. Prior to this recommendation, Swaraj Engines distributed a final dividend of ₹104.50 per share on June 27, 2025. Other recent payouts include ₹95 on June 28, 2024, ₹92 on July 7, 2023, and ₹80 on June 30, 2022.