Announced Mon, 9 Mar · 13:15 IST

Indian Railway Finance Corporation Limited has informed the Exchange that Board of Directors at its meeting held on March 09, 2026, declared Interim Dividend of Rs. 1.05 per equity share.

Corporate Actions View source PDF

IRFC · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board of IRFC, at its meeting on March 9, 2026, approved the second interim dividend of Rs. 1.05 per equity share (face value Rs. 10) for FY 2025-26. The record date for determining shareholder eligibility is Friday, March 13, 2026, and the dividend will be paid within 30 days of declaration. The Board also approved a market borrowing programme of up to Rs. 70,000 crores for FY 2026-27 to fund lending to Indian Railways, refinancing, and diversification under IRFC 2.0. Several internal policies including the Dividend Distribution Policy and Insider Trading Code were also revised.

Likely market impact

Shareholders on the register as of March 13, 2026 will receive Rs. 1.05 per share; the Rs. 70,000 crore borrowing plan signals continued heavy capital-raising activity to support railway funding needs, which may dilute existing bond holders but supports business growth.