Indian Railway Finance Corporation Limited has officially announced a board meeting to consider the declaration of a second interim dividend for shareholders. The railway financing entity has issued formal notification under SEBI regulations, marking a significant development for investors in the current fiscal year.

Board Meeting Details

The company's board of directors will convene on Monday, March 09, 2026, with the primary agenda being the consideration of a second interim dividend declaration for shareholders. This meeting has been scheduled in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Trading Window Restrictions

In accordance with SEBI Prohibition of Insider Trading Regulations, 2015, the company has implemented specific trading restrictions around the board meeting. The trading window closure began on Friday, February 27, 2026, and will continue until 48 hours after the board meeting concludes.

During this period, all designated employees and connected persons are prohibited from trading in the company's securities, including equity shares and listed debt securities. This measure ensures compliance with insider trading regulations and maintains market integrity.

Tax Compliance and Documentation Requirements

The company has emphasized that dividend income is subject to taxation, requiring tax deduction at source (TDS) as per The Income Tax Act, 1961. Shareholders must update their records to ensure proper tax treatment and seamless dividend processing.

Electronic Payment Mode

Following recent amendments in listing regulations, dividend payments will be made exclusively through electronic mode. The provision for physical instruments such as cheques or warrants has been discontinued, making it essential for shareholders to maintain updated banking details.

Shareholders who fail to provide requisite details by the specified deadline may face higher TDS rates. However, excess tax paid can be claimed as refunds during income tax return filing through Form 26AS available on the Income Tax Portal. No claims will be entertained against the company for such deductions.

Source: None/Company/INE053F01010/d92480dd-d6aa-4898-82e4-346e4f889ea7.pdf

IRFC has successfully secured a significant external commercial borrowing facility, strengthening its financial position and expanding its funding sources. The state-owned railway financing entity signed the loan agreement on February 25, 2026, marking another milestone in its capital mobilization strategy.

Loan Agreement Details

The External Commercial Borrowing agreement involves a consortium of prominent Japanese financial institutions operating from India's GIFT City. The facility represents IRFC's continued engagement with international capital markets to support India's railway infrastructure development.

Consortium Partners

The loan agreement was executed with two leading Japanese banks operating through their GIFT City branches. The signing ceremony involved key executives from both lending institutions and IRFC management.

Strategic Significance

This ECB represents IRFC's second external commercial borrowing in the current financial year 2025-26. The company previously raised JPY equivalent USD 300 million in December 2025, demonstrating consistent access to international funding markets. The proceeds will be utilized for financing projects with forward or backward linkage to the railway sector, subject to compliance with ECB Guidelines.

Management Perspective

Chairman and Managing Director & CEO Manoj Kumar Dubey emphasized the transaction's role in optimizing IRFC's weighted average borrowing cost while deepening engagement with global capital markets. The facility reinforces investor confidence in IRFC's financial fundamentals and supports the ongoing expansion and modernization of railway infrastructure integral to India's growth.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction does not involve any related party relationships, share issuances, or special rights provisions. IRFC maintains no shareholding in the lending entities, and the agreement follows standard commercial terms.