The Board of Mahindra Lifespace Developers has allotted 1,500 new fully paid-up Equity Shares of Rs.10/- each to the Eligible Employees pursuant to the exercise of Options granted under Employee Stock Options Scheme 2012 (ESOS - 2012), at an exercise price of Rs.10/- per share.

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Mahindra Lifespace Developers announced that the 20th Annual General Meeting (AGM) of the company will be held on 26 July 2019.

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Mahindra Lifespace Developers announced that the Board of Directors of the Company at its meeting held on 22 April 2019, inter alia, have recommended the final dividend of Rs 6 per equity Share (i.e. 60%) , subject to the approval of the shareholders.

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Net profit of Mahindra Lifespace Developers declined 34.51% to Rs 31.27 crore in the quarter ended March 2019 as against Rs 47.75 crore during the previous quarter ended March 2018. Sales rose 44.79% to Rs 234.27 crore in the quarter ended March 2019 as against Rs 161.80 crore during the previous quarter ended March 2018.

For the full year,net profit rose 18.52% to Rs 119.71 crore in the year ended March 2019 as against Rs 101.00 crore during the previous year ended March 2018. Sales rose 4.71% to Rs 592.83 crore in the year ended March 2019 as against Rs 566.19 crore during the previous year ended March 2018.

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