REC Limited Declares 4th Interim Dividend of Rs. 3.20 Per Share; Record Date March 20

Mumbai: In a move that rewards its shareholders, REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Government of India, has declared the 4th Interim Dividend of Rs. 3.20 per equity share for the financial year 2025-26.

The announcement was made following the Board of Directors meeting held on March 16, 2026, which started at 2:00 PM and concluded at 2:40 PM.

Key Dividend Details:

Dividend Amount: Rs. 3.20 per equity share (Face Value of Rs. 10 each).
Dividend Rate: 32%.
Record Date: Friday, March 20, 2026. This is the cut-off date to determine shareholder eligibility.
Payment Date: The dividend will be paid on or before April 14, 2026.

Also Read: Indian Oil Declares 2nd Interim Dividend FY 2025-26 at 20%

Eligibility:

The dividend will be paid to shareholders whose names appear:

As beneficial owners in depository records (for demat shares) as of March 20, 2026.
In the Register of Members (for physical shares) as of March 20, 2026.

Important Tax Alert for Shareholders:

REC has issued a critical reminder regarding tax deduction at source (TDS). As per the Income Tax Act, 1961, dividend income is taxable.

Deadline for TDS Exemption: Shareholders seeking lower or nil TDS must submit their scanned PAN, Form 15G/15H, and other requisite documents for FY 2025-26 on or before March 20, 2026.
Submission Mode: Email to virenders@alankit.com (copy to recigr@alankit.com) or via the weblink: https://einward.alankit.com/.
Late Submissions: No communication regarding tax determination will be entertained after March 20, 2026.

Mandatory Electronic Payment:

In line with recent SEBI amendments, REC informed that dividends will be paid exclusively through electronic mode. Physical cheques or warrants have been discontinued. Shareholders are urged to update their bank details immediately:

Demat Holders: Contact your Depository Participant (DP).
Physical Holders: Contact the Company's RTA (Alankit) to update KYC and bank details.