Indian Railway Finance Corporation Limited has informed the Exchange that Record date for the purpose of Dividend is 13-Mar-2026.
IRFC · price
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On the reaction day the stock moved 0.1 pts more than Nifty 100 and 2.0 pts more than its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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IRFC's board, at its meeting on 9th March 2026, approved the declaration of a second interim dividend for FY 2025-26 (the per-share amount is not clearly legible in the filing). The record date to identify eligible shareholders is set for Friday, 13th March 2026, and the dividend will be paid within 30 days via electronic mode only. Shareholders have been asked to update bank, PAN and tax-residency details with their depositories or the registrar (Beetal Financial) on or before the record date to ensure correct TDS deduction. Separately, the board cleared a market borrowing programme of up to Rs. 70,000 crore for FY 2026-27 to fund Indian Railways lending, refinancing, IRFC 2.0 diversification and general corporate needs, to be raised in one or more tranches through domestic and offshore routes including bonds, ECB, masala, green/ESG, securitisation and bank loans. The board also revised several internal policies covering related-party transactions, insider trading, risk management, dividend distribution and stakeholder grievance redressal.
The second interim dividend signals continued cash returns to shareholders from IRFC's government-backed lending book, but the exact per-share amount is not readable in the filing so dividend yield cannot be assessed. The Rs. 70,000 crore borrowing cap for FY27 is largely business-as-usual for IRFC and not a new surprise, though it indicates sizeable future fund-raising activity in the bond market.