News Corporate Actions IRFC Board Approves ₹1.05 Second Interim Dividend and ₹70,000 Crore Borrowing PlanIRFC Board Approves ₹1.05 Second Interim Dividend and ₹70,000 Crore Borrowing Plan
Indian Railway Finance Corporation's board approved second interim dividend of ₹1.05 per equity share for FY 2025-26 with record date set for March 13, 2026. The company mandated electronic-only dividend payments and established comprehensive tax compliance requirements. Additionally, the board authorized market borrowing of up to ₹70,000 crores for FY 2026-27 through various funding instruments and approved revisions to multiple corporate governance policies.
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Indian Railway Finance Corporation has officially declared its second interim dividend of ₹1.05 per share for FY 2025-26, with the board setting March 13, 2026 as the record date for determining shareholder eligibility. The railway financing entity's board meeting held on March 9, 2026 approved the dividend payment alongside a comprehensive borrowing framework and policy revisions for the upcoming financial year.
Dividend Payment Framework
The company has established a clear timeline for dividend distribution, with payments to be made within 30 days from the declaration date. Shareholders whose names appear as beneficial owners in depository statements or as members in the register of members on the record date will be eligible for the dividend payment.
| Dividend Details: | Specifications |
|---|---|
| Dividend Type: | Second Interim Dividend |
| Dividend Amount: | ₹1.05 per equity share |
| Share Face Value: | ₹10.00 each |
| Record Date: | Friday, March 13, 2026 |
| Payment Timeline: | Within 30 days of declaration |
| Board Meeting Date: | Monday, March 9, 2026 |
Electronic Payment Mandate and Tax Compliance
Pursuant to recent amendments in listing regulations, IRFC has mandated that dividend payments will be made exclusively through electronic mode. The provision for remittance via physical instruments such as cheques or warrants has been discontinued. Shareholders are advised to update their bank account details with their respective depositories or the company's registrar to ensure seamless dividend credit.
Shareholders must submit TDS details to the company's registrar at irfcinvestors@beetalmail.com by March 13, 2026. The company will deduct tax at source as per Income Tax Act provisions, with no communications regarding tax determination entertained after the specified deadline. Shareholders holding dematerialized shares should update their tax residential status and PAN details through their depository participants.
Strategic Borrowing Authorization
The board has approved a substantial market borrowing programme of up to ₹70,000 crores for FY 2026-27. This comprehensive funding framework encompasses various instruments including domestic and offshore markets, green bonds, ESG bonds, and multilateral institution financing options to meet Indian Railways funding requirements and IRFC 2.0 diversification initiatives.
| Borrowing Framework: | Details |
|---|---|
| Total Authorization: | Up to ₹70,000 crores |
| Financial Year: | FY 2026-27 |
| Funding Sources: | Domestic/offshore markets, ECBs, Green Bonds |
| Purpose: | Railway funding, IRFC 2.0 diversification, refinancing |
| Meeting Duration: | 11:55 AM to 1:05 PM |
Policy Revisions and Corporate Governance
The board approved comprehensive revisions to multiple corporate policies including Related Party Transactions Policy, Code of Business Conduct and Ethics, Corporate Policy on Materiality for Disclosure, Dividend Distribution Policy, and Comprehensive Risk Management Policy. These revised policies reflect the company's commitment to enhanced corporate governance and regulatory compliance standards.
Source: None/Company/INE053F01010/3a179a47-212c-4b3a-b248-7326487aa0ca.pdf
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