Indian Railway Finance Corporation Limited, the dedicated financing arm of Indian Railways, 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 to 2026.
The company has fixed Friday, March 13, 2026, as the record date to determine the eligibility of shareholders for the proposed second interim dividend, subject to approval by the Board.
Trading Window Closed Ahead of Dividend Decision
In accordance with SEBI Regulations, 2015 and the company’s internal code of conduct, the trading window has been closed from Friday, February 27, 2026. It will remain closed until 48 hours after the conclusion of the Board meeting scheduled to consider the dividend proposal.Designated employees and other related persons have been advised not to trade in the company’s securities, including equity shares and listed debt securities, during this restricted period.
The company has also clarified that dividend income will be taxable in the hands of shareholders. Tax will be deducted at source at the time of payment in line with the provisions of the Income Tax Act, 1961.
$400 Million External Commercial Borrowing Agreement Signed
Earlier on Wednesday, February 25, the state-run company informed exchanges that it signed a loan agreement with Sumitomo Mitsui Banking Corporation and MUFG Bank Ltd to raise an external commercial borrowing equivalent to $400 million in Japanese Yen.The fundraise marks a significant overseas borrowing initiative as the company continues to diversify its funding sources.
Q3 FY26 Financial Performance
For the third quarter of FY26, Indian Railway Finance Corporation reported a net profit of ₹1,802 crore, reflecting a 10.5 percent increase compared to the same period last year. The company described this as its highest-ever quarterly profit.Revenue for the quarter stood at ₹6,661 crore, registering a marginal decline of 1.5 percent from ₹6,763 crore in the year-ago quarter.
Share Price Update
Shares of Indian Railway Finance Corporation Limited closed at ₹103.20 on February 26, declining by ₹1.36 or 1.30 percent for the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.