The Board of Directors of the Indian Railway Finance Corporation (IRFC) is scheduled to meet on Monday, March 9, 2026, to consider the declaration of the Second Interim Dividend for the financial year 2025-26. The proposed Record Date for determining shareholder entitlements is set for Friday, March 13, 2026. Furthermore, the trading window for designated employees will close starting February 27, 2026.
IRFC Board Meeting for Dividend Consideration
Indian Railway Finance Corporation Ltd. has announced that a meeting of its Board of Directors is scheduled to convene on Monday, March 9, 2026. The primary agenda item, apart from routine business, is to consider and approve the declaration of the Second Interim Dividend for the ongoing financial year, 2025-26.
Key Dates Announced
In alignment with disclosure requirements, the company has specified the key dates related to this potential dividend:
- Record Date: The entitlement for shareholders to receive the Second Interim Dividend will be determined based on holdings as of Friday, March 13, 2026. This date is subject to the final approval by the Board of Directors.
Trading Window Closure for Insiders
In compliance with regulations concerning insider trading, the trading window for all designated employees and connected persons will be closed. The window is set to commence on Friday, February 27, 2026, and will remain shut until 48 hours after the conclusion of the Board Meeting where the dividend is considered.
Tax Implications and Shareholder Advisory
It is important for shareholders to note that dividend income is taxable in their hands. The company is obligated to deduct Tax Deducted at Source (TDS) at the time of payment.
Action Required for Shareholders:
Shareholders are strongly advised to update their essential records with their respective depositories or the Company’s Registrar before the cut-off date:
- Shareholders holding shares in dematerialized (Demat) form must update their Tax Residential Status and Permanent Account Number (PAN) through their Depository Participants.
- Shareholders holding shares in physical form must submit these details to the Company’s Registrar, M/s Beetal Financial & Computer Services (P) Ltd, via email at [email protected].
Crucially, shareholders seeking any communication regarding lower tax deduction rates must submit the necessary documentation by Friday, March 13, 2026. Any excess tax deducted due to the absence of requisite details may still be claimed by shareholders when filing their annual income tax return.
Source: BSE
