The Board of Directors of Indian Railway Finance Corporation (IRFC) is scheduled to meet on Monday, March 9, 2026, to consider the declaration of a Second Interim Dividend for the financial year 2025-26. The proposed Record Date for determining shareholder eligibility for this payment is set for Friday, March 13, 2026. Additionally, the trading window will remain closed until 48 hours after the Board meeting concludes.
IRFC Announces Board Meeting for Dividend Consideration
Indian Railway Finance Corporation Limited (IRFC) has formally announced that a meeting of its Board of Directors is scheduled to take place on Monday, March 9, 2026. The primary agenda item for this meeting is the consideration and potential declaration of the Second Interim Dividend for the current financial year, 2025-26.
Record Date Fixed
For the purpose of determining the entitlements of shareholders eligible to receive this proposed Second Interim Dividend, the company has fixed the Record Date as Friday, March 13, 2026. This date is subject to the final approval of the dividend declaration by the Board of Directors.
Insider Trading Window Closure
In adherence to applicable regulations concerning insider trading, the trading window for the company’s securities will remain closed. This closure commenced on Friday, February 27, 2026, and will continue until 48 hours after the date of the Board Meeting where the Second Interim Dividend is to be considered. All designated employees and connected persons have been instructed not to trade in any company securities, including Equity Shares and Listed Debt securities, during this period.
Taxation and Shareholder Compliance Advisory
Shareholders are reminded that dividend income is taxable in their hands. Consequently, IRFC is obligated to deduct Tax Deducted at Source (TDS) at the rates prescribed under the Income Tax Act, 1961, at the time of dividend payment.
Shareholders holding securities in dematerialized mode are strongly urged to update their records regarding their tax residential status and Permanent Account Number (PAN) with their respective depositories via their Depository Participants before the cut-off date of Friday, March 13, 2026.
Shareholders holding shares in physical mode must furnish necessary details to the Company’s Registrar and Share Transfer Agent, M/s Beetal Financial & Computer Services (P) Ltd, by Friday, March 13, 2026. The company noted that it will not entertain any communication regarding tax determination or lower rate deduction requests after this date. If tax is deducted at a higher rate due to missing details, shareholders may claim a refund when filing their annual income tax return.
Electronic Payment Mandate
It is noted that dividend payments will be made exclusively through electronic mode, as the use of physical instruments like cheques or warrants for remittance has been discontinued. Shareholders are advised to ensure their bank account details are updated with their Depository Participant (for Demat holders) or the Company’s RTA (for Physical holders) to facilitate seamless credit of any declared dividends.
Source: BSE
