IRFC Share Price in Focus; Declares ₹1.05 Interim Dividend and Approves ₹70,000 Crore Market Borrowing Plan

Indian Railway Finance Corporation Limited (IRFC) has announced key decisions following its Board of Directors meeting on March 9, 2026.  

The company declared a second interim dividend and approved a substantial market borrowing programme for the upcoming financial year. 

Declaration of Interim Dividend 

The Board of Directors of IRFC has approved a second interim dividend of ₹1.05 per equity share of ₹10 each for the financial year 2025-26. The record date for determining shareholder eligibility is set for March 13, 2026.  

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

Shareholders are advised to update their tax details with the Registrar and Transfer Agent by March 13, 2026, to ensure accurate tax deductions at source (TDS). The dividend income is taxable, and the company will deduct TDS as per the Income Tax Act, 1961. 

Market Borrowing Programme for FY 2026-27 

IRFC's Board has approved raising up to ₹70,000 crore for the financial year 2026-27. This decision aims to meet the funding requirements of Indian Railways, support diversification under IRFC 2.0, refinance existing loans, and address other corporate needs. The funds will be raised through various instruments, including Global Medium Term Notes, Foreign Currency Bonds, Green Bonds, and more. 

The borrowing will be conducted in one or more tranches from domestic and offshore markets, considering market conditions and the company's funding requirements. 

Policy Revisions 

The Board also approved revisions to several policies, including those related to Related Party Transactions, Code of Business Conduct and Ethics, Dividend Distribution, and more. These revised policies are accessible on the company's website. 

Read More: IRFC Board Meeting on March 9, 2026: Interim Dividend and FY27 Borrowing Plan on Agenda! 

Indian Railway Finance Share Price Performance 

As of March 09, 2026, at 1:53 PM, Indian Railway Finance share price on NSE was trading at ₹96.57 down by 2.92% from the previous closing price. 

Conclusion 

IRFC's recent announcements highlight its strategic financial planning for the upcoming fiscal year. The declaration of an interim dividend and the approval of a significant market borrowing programme reflect the company's commitment to fulfilling its financial obligations and supporting Indian Railways. 

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