Indian Railway Finance Corporation Limited has informed the Exchange regarding 'Outcome of Meeting of Board of Directors held on Monday 09th March 2026'.
IRFC · price
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Awaiting price reaction for this filing.
The Board of Directors of IRFC, 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 text) on equity shares of face value Rs. 10 each. The record date for shareholder eligibility has been fixed as Friday, 13th March 2026, and the dividend will be paid within 30 days, only through electronic mode. The Board also approved a market borrowing programme of up to Rs. 70,000 crore for FY 2026-27 to fund Indian Railways requirements, IRFC 2.0 diversification, refinancing of existing loans, and general corporate purposes, to be raised via domestic/offshore markets, bonds, ECBs, and other instruments. Additionally, several internal policies including the Dividend Distribution Policy, Related Party Transactions Policy, Insider Trading Code, and Comprehensive Risk Management Policy were revised.
Shareholders on the records as of 13th March 2026 will receive the second interim dividend, with TDS applicable as per income tax rules and payment only via electronic mode. The Rs. 70,000 crore borrowing plan for FY27 signals a large funding push, which could affect the company's leverage, interest costs, and future earnings profile.