Indian Railway Finance Corporation Declares ₹1.05 Interim Dividend; Record Date Set For March 13

Navratna PSU company Indian Railway Finance Corporation (IRFC) has announced a second interim dividend of ₹1.05 per equity share of ₹10 for the financial year 2025–26.

The record date has been fixed as March 13, 2026, to determine which shareholders will be eligible to receive the dividend.

The company stated that the dividend will be paid within 30 days to shareholders whose names appear in the register of members or as beneficial owners in the depository records on the record date.

Shareholders Advised to Update Tax Details

IRFC has asked shareholders to update their tax information with the Registrar and Transfer Agent before March 13 to ensure accurate Tax Deducted at Source (TDS) on dividend income.

As per the Income Tax Act, 1961, dividend income is taxable and TDS will be deducted accordingly.

Board Approves Policy Revisions

The board has also approved changes to several internal policies, including those related to Related Party Transactions, Code of Business Conduct and Ethics, and Dividend Distribution.

The updated policies have been uploaded on the company’s official website for public access.

₹70,000 Crore Borrowing Plan For FY27

The board has also approved a market borrowing programme of up to ₹70,000 crore for FY 2026–27.

The funds will be used to support the financing needs of Indian Railways, refinance existing loans, and support diversification plans under the company’s IRFC 2.0 strategy.

IRFC plans to raise funds through multiple instruments such as Global Medium Term Notes, foreign currency bonds, and green bonds, depending on market conditions. The borrowing may be carried out in one or several tranches across domestic and global markets.

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IRFC Share Price Movement

Indian Railway Finance Corporation share price (NSE: IRFC) was trading at ₹98.44, up ₹0.87 or 0.89% on March 10 at 9:51 AM. The stock opened at ₹99.40 and touched an intraday high of ₹99.85 and a low of ₹98.28 during early trade. Over the past year, IRFC shares have reached a 52-week high of ₹148.95 and a 52-week low of ₹95.27. The stock offers a dividend yield of around 1.88%, with the latest quarterly dividend amounting to ₹0.46 per share.

Conclusion

IRFC’s dividend announcement provides a small return for shareholders, while the large borrowing plan highlights the company’s role in financing railway projects. 

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