IRCTC has announced a final dividend of ₹1.00 per equity share for the financial year 2024-25, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The company has set August 22, 2025, as the record date for determining shareholder eligibility for the dividend payout.

Dividend Details and Payment Timeline

The Board of Directors of IRCTC has recommended a final dividend of ₹1.00 per equity share, with a face value of ₹2.00 each. This dividend is subject to approval at the company's 26th AGM, scheduled for Saturday, August 30, 2025. If approved, the dividend will be paid within 30 days of the AGM's conclusion.

Tax Deduction at Source (TDS) Guidelines

IRCTC has outlined comprehensive TDS requirements under the Income Tax Act provisions, with varying rates for different shareholder categories:

For Resident Shareholders:

• Standard TDS rate: 10% under Section 194 of the Act
• No TDS if aggregate dividend does not exceed ₹10,000 for individual shareholders
• 20% TDS if valid PAN is not available
• Exemptions available for certain categories with proper documentation

For Non-Resident Shareholders:

• TDS rate: 20% (plus applicable surcharge and cess) under Section 196D for FPIs and FIIs
• 20% (plus applicable surcharge and cess) under Section 195 for other non-resident shareholders
• Option to avail benefits under Double Tax Avoidance Treaty (DTAA) with proper documentation

Important Dates

E-voting Details

Shareholder Action Required

Shareholders are advised to:

1. Ensure their bank account details are updated in their respective demat accounts before the record date for timely credit of dividends.
2. Submit the required documents before the book closure period to claim exemptions or reduced TDS rates.

IRCTC has emphasized that no communication on tax determination or deduction will be entertained after August 22, 2025. Shareholders can upload scanned copies of relevant documents at https://einward.alankit.com/ against their folios.

The company will send the AGM Notice and Annual Report 2024-25 electronically to shareholders with registered email addresses. Those who haven't registered their email addresses will receive a letter with a web link to access the Annual Report.

This dividend announcement reflects IRCTC's commitment to delivering value to its investors while ensuring compliance with tax regulations.

Indian Railway Catering and Tourism Corporation Limited (IRCTC), a prominent player in the Indian travel and tourism sector, has made a significant stride into the digital payments landscape. The company's wholly-owned subsidiary, IRCTC Payments Limited, has received in-principle authorization from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator under the Payment and Settlement Systems Act, 2007.

RBI Authorization Details

The Reserve Bank of India granted this crucial authorization through a letter dated August 04, which IRCTC received via email on August 05. This development marks a pivotal moment for IRCTC, allowing its subsidiary to expand its services into the burgeoning digital payments sector.

Implications for IRCTC

This authorization positions IRCTC Payments Limited to become a key player in the online payment aggregation space. As a payment aggregator, the company will be able to facilitate e-commerce transactions by providing payment services to merchants. This move is expected to diversify IRCTC's revenue streams and strengthen its position in the digital economy.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, IRCTC promptly informed the stock exchanges about this development. The company's commitment to transparency is evident in its timely disclosure of this market-sensitive information.

Management Update

In a separate but noteworthy development, IRCTC's Board of Directors appointed Shri Manoj Kumar Sharma as a Key Managerial Personnel (KMP) effective August 04. Sharma, who serves as the Director (Catering Services), brings with him 28 years of experience in the Indian Railway Traffic Service (IRTS). His extensive background in various aspects of railway operations, including marketing, business development, and project management, is expected to contribute significantly to IRCTC's strategic initiatives.

Looking Ahead

As IRCTC ventures into the payment aggregator space through its subsidiary, it is poised to leverage its strong brand presence in the travel and tourism sector. This expansion into digital payments aligns with the growing trend of digitalization in India and could potentially open up new avenues for growth and customer engagement for the company.

Investors and industry observers will be keenly watching how IRCTC Payments Limited capitalizes on this opportunity and integrates payment aggregator services into its existing portfolio of offerings.