IREDA has announced the cessation of two independent directors following the completion of their tenure, as communicated to stock exchanges on March 28, 2026. The renewable energy financing company filed the mandatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Directors Completing Tenure

Two Part-time Non-Official Independent Directors have ceased their positions with the company effective March 28, 2026:

Regulatory Framework

The tenure completion was executed in accordance with the Ministry of New and Renewable Energy (MNRE) Order dated March 28, 2025. Both directors ceased to be Independent Directors of the company with effect from March 28, 2026, following the completion of their designated terms.

Compliance and Documentation

The company has fulfilled its regulatory obligations by submitting the required disclosure to both the National Stock Exchange of India Limited and BSE Limited. Company Secretary Ekta Madan signed the official communication, ensuring compliance with SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Corporate Communication

The formal intimation was issued under reference number CAnCS/6/2023-IREDA/8713, dated March 28, 2026. The disclosure includes detailed information as mandated under Regulation 30 of the SEBI Listing Regulations, providing transparency regarding changes in the company's board composition.

This development represents a routine corporate governance matter as the company manages transitions in its independent director positions in accordance with regulatory requirements and ministerial directives.

Indian Renewable Energy Development Agency Limited has declared an interim dividend of ₹0.60 per share following its Board of Directors meeting held on March 25, 2026. The renewable energy financing company announced this dividend declaration at 6% on the face value of paid-up equity shares of ₹10 each for the financial year 2025-26.

Dividend Declaration and Payment Details

The board meeting concluded with the approval of interim dividend distribution under Regulation 30 of SEBI (LODR) Regulations, 2015. The company has established a clear timeline for dividend processing and shareholder eligibility with the record date fixed as Thursday, April 2, 2026.

Tax Compliance and Electronic Payment

The dividend payment will be subject to Tax Deducted at Source (TDS) as per Income Tax Act, 1961. Shareholders seeking lower tax deduction rates or exemptions must submit required documents including PAN, Form 15G/15H before the record date. The company has emphasized that no communication regarding tax determination or deduction at lower rates will be entertained after April 2, 2026, and incomplete documents will not be considered.

The company emphasized that dividend payments will be made exclusively through electronic mode, with physical instruments like cheques or warrants discontinued as per recent amendments in Listing Regulations. Shareholders are advised to update their bank account details with their respective Depository Participants to facilitate smooth and timely credit of dividend.

Trading Window and Corporate Communication

Following the board meeting conclusion, the trading window will reopen on March 28, 2026, for all designated persons and their immediate relatives. The board meeting commenced at 3:00 PM and concluded at 4:45 PM on March 25, 2026, with comprehensive deliberations on the interim dividend declaration.

The official communication was addressed to both National Stock Exchange of India Limited and BSE Limited under reference number CACS/Sectt./efile 8731, maintaining transparency with all stakeholders. Additional details regarding taxation of dividend are available on the company's website at www.ireda.in . This interim dividend declaration demonstrates IREDA's commitment to returning value to shareholders while maintaining strong financial discipline in the renewable energy financing sector.

Source: Company/INE202E01016/8303780a-362f-4076-b515-1842bc2cdfdf.pdf