IRFC Board Meeting on March 9 to Consider Second Interim Dividend for FY26

Mumbai: Government-owned railway financier Indian Railway Finance Corporation (IRFC) has informed stock exchanges that its Board of Directors will meet on Monday, March 9, 2026, to consider the declaration of a second interim dividend for the financial year 2025-26.

The announcement was made in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations. If approved, the dividend will reward shareholders midway through the ongoing financial year.

Record Date for Dividend Eligibility

The company has fixed Friday, March 13, 2026, as the record date to determine the eligibility of shareholders for receiving the proposed second interim dividend. Investors holding shares as of this date will qualify for the payout, subject to board approval.

Trading Window Closure

In line with the SEBI (Prohibition of Insider Trading) Regulations, the trading window for dealing in IRFC securities will remain closed from February 27, 2026, and will reopen 48 hours after the board meeting concludes. The restriction applies to designated employees and connected persons to ensure regulatory compliance and prevent insider trading.

Dividend Payment and Taxation

IRFC clarified that dividend payments will be made only through electronic mode, as physical dividend instruments such as cheques and warrants have been discontinued under revised listing norms.

As per the Income Tax Act, 1961, dividend income is taxable in the hands of shareholders, and the company will deduct Tax Deducted at Source (TDS) at applicable rates while making the payment. Shareholders are advised to update their PAN, bank account details, and tax residential status with their depository participants in case of demat holdings. Those holding shares in physical form should submit relevant documents to the company’s Registrar and Transfer Agent before March 13, 2026.

Any excess tax deducted can be claimed while filing income tax returns, and TDS details will be reflected in Form 26AS on the income tax portal.

About IRFC

Indian Railway Finance Corporation is a public sector enterprise under the Government of India that primarily finances the acquisition of rolling stock and railway infrastructure assets for Indian Railways. Over the years, it has emerged as a key funding arm supporting India’s railway expansion and modernization plans.

Investors will now watch the March 9 board meeting outcome closely to see whether IRFC announces a dividend payout and the quantum of the proposed distribution.