The Board of Directors of IRFC declared a Second Interim Dividend of ₹1.05 per equity share (face value ₹10) for the financial year 2025-26. The record date for eligibility is set for Friday, March 13, 2026, with payment due within 30 days. Furthermore, the Board approved a massive ₹70,000 crore market borrowing programme for FY 2026-27 and revised several key corporate policies.
Declaration of Second Interim Dividend
The Board of Directors of the Indian Railway Finance Corporation Ltd. (IRFC) held a meeting on Monday, March 9, 2026, where they officially approved the declaration of the Second Interim Dividend for the financial year 2025-26.
- Dividend Amount: ₹1.05/- per equity share (on shares having a face value of ₹10/- each).
- Record Date: Friday, March 13, 2026. This date will determine the eligibility of shareholders for the dividend payment.
- Payment Timeline: The dividend shall be paid within 30 days from the date of declaration.
Shareholders are strongly advised to update their Tax Deducted at Source (TDS) details, including PAN and tax residential status, with their respective depositories (for Demat shares) or the Registrar & Transfer Agent (for physical shares) by Friday, March 13, 2026, to ensure correct tax deduction rates are applied.
It was reiterated that dividend payments will exclusively be made through electronic mode; the provision for physical instruments like cheques or warrants has been discontinued.
Market Borrowing Programme for FY 2026-27
In a separate significant decision, the Board approved a substantial market borrowing programme for the ensuing financial year, FY 2026-27.
- Approved Amount: Raising of funds up to ₹70,000 crores.
- Purpose: To meet the funding requirements of Indian Railways, support diversification under IRFC 2.0, cover committed liabilities, and refinance existing loans.
- Instruments Approved: The funds can be raised from domestic and offshore markets through various instruments, including Global Medium Term Note Programmes, Green Bonds, ESG bonds, Masala Loans, Multilateral institution loans, ECA financing, and debt instruments like zero coupon bonds and perpetual bonds, subject to regulatory permissions.
Revision of Corporate Policies
The Board also approved the revision of several key internal and governance policies. These revised policies are now accessible on the Company’s website.
Policies updated include, but are not limited to, the Related Party Transactions Policy & Procedures, Code of Business Conduct and Ethics, Dividend Distribution Policy, Comprehensive Risk Management Policy, and policies governing Insider Trading and Stakeholder Engagement.
The Board meeting commenced at 11:55 am and concluded at 1:05 pm on the date of the announcement.
Source: BSE
