The Board of Directors of IRFC approved the declaration of the Second Interim Dividend for the financial year 2025-26 at ₹1.05 per equity share (face value of ₹10). The record date for determining eligible shareholders is set for Friday, March 13, 2026. Additionally, the Board sanctioned a massive ₹70,000 crore market borrowing programme for FY 2026-27 and revised several key corporate policies.
Second Interim Dividend Declared for FY 2025-26
The Board of Directors of Indian Railway Finance Corporation Ltd. (IRFC) met on Monday, March 9, 2026, and approved the declaration of the Second Interim Dividend for the financial year 2025-26. The dividend amount approved is ₹1.05 per equity share, against a face value of ₹10 per share.
Key Dates for Dividend Distribution
The designated Record Date for establishing eligibility for this dividend payment is Friday, March 13, 2026. The dividend payment will be completed within 30 days from the date of declaration. Shareholders are strongly advised to update their tax residency status, PAN, and bank details with their respective depositories (for demat shares) or the Company’s Registrar (for physical shares) by the Record Date to ensure timely credit and correct Tax Deducted at Source (TDS) application.
It was further noted that dividend payments will be made exclusively through electronic mode, discontinuing the use of physical instruments like cheques or warrants.
Massive Market Borrowing Plan Approved
The Board also gave its approval for the Market borrowing programme for the financial year 2026-27, authorizing the company to raise funds up to ₹70,000 crores. These funds are intended to meet the funding requirements of Indian Railways, finance diversification under IRFC 2.0, settle committed liabilities, and refinance existing loans.
The borrowing will be executed in one or more tranches across domestic and offshore markets. The approved instruments include, but are not limited to, Global Medium Term Note Programme, Foreign Currency Bonds, Rupee offshore Bonds (Masala Bonds), Green Bonds, ESG bonds, Multilateral institution loans, ECA financing, and NSSF loans.
Revision of Corporate Policies
In addition to financial matters, the Board approved the revision of several crucial corporate governance and compliance policies. These include updates to the policies concerning Related Party Transactions, Code of Business Conduct and Ethics, Materiality for Disclosure of Events, Dividend Distribution Policy, Insider Trading Prohibition, Stakeholder Grievance Redressal, and the Comprehensive Risk Management Policy. These revised documents are now accessible on the Company’s website.
The Board meeting commenced at 11:55 am and concluded at 1:05 pm on March 9, 2026.
Source: BSE
