Power Finance Corporation Limited has informed the Exchange regarding Outcome of Board Meeting held on March 17, 2026.
PFC · price
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PFC's Board approved a borrowing plan of up to ₹1,60,000 crore for FY 2026-27, to be raised through a mix of domestic and foreign currency instruments including bonds (taxable, tax-free, green/social/ESG), term loans, and commercial paper, in one or more tranches. The foreign currency borrowing component is pegged at approximately USD 2.21 billion (at an exchange rate of 90.67). The Board also declared a fourth interim dividend of ₹3.25 per share (32.50% on face value of ₹10) for FY 2025-26, with March 23, 2026 set as the record date and payment to be made on or before April 16, 2026. The Chairman & Managing Director has been authorised to shuffle amounts across borrowing sources within the overall limit, and dividend will be paid only via electronic modes.
The large borrowing limit is a routine annual approval for a government NBFC like PFC and signals continued heavy lending activity in the power/infrastructure sector, which is positive for business growth. The fourth interim dividend of ₹3.25/share is a steady payout for shareholders, with the record date set at March 23, 2026 — investors need to hold shares by that date to qualify.