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IRFC has declared its second interim dividend of Rs 0.80 per equity share for the financial year 2024-25 and the company has fixed March 21 as the record date.
IRFC has declared its second interim dividend for FY25.
IRFC Dividend 2025: IRFC Ltd on Monday said its board has declared its second interim dividend of Rs 0.80 per equity share for the financial year 2024-25. Indian Railway Finance Corporation (IRFC), a Navratna PSU company, has fixed March 21 as the record date.
“The board of directors of the company in its meeting held on Monday, 17th March 2025 inter-alia, considered and approved the declaration of second interim dividend of Rs 0.80 per equity share of Rs 10 for the financial year 2024-25,” IRFC said in a BSE filing on March 17, 2025.
The record date for determining the eligibility of shareholders for payment of the second interim dividend as been fixed as March 21, 2025. The dividend will be paid in the account of the shareholder(s) or the dividend warrant(s) in respect thereof will be dispatched within thirty (30) days from the date of declaration of second interim dividend.
Shares of IRFC on Monday closed at a gain of 0.92 per cent at Rs 118.77 apiece on the NSE.
TDS On Dividend
IRFC said, “It is further informed that in case tax on dividend is deducted at a higher rate in the absence of requisite details/ documents, refund of the excess tax paid may still be claimed by shareholders at the time of filing of income tax return. However, no claim shall lie against the company for such taxes deducted. Further, shareholders will be able to see the credit of TDS in Form 26AS, which can be downloaded from their e-filing account at Income Tax portal.”
Incorporated in 1986, IRFC primarily engaged in financing the acquisition of rolling stock assets, leasing of railway infrastructure assets, and lending to entities under the Ministry of Railways. Its shares were listed in January 2021 as the company raised a total of Rs 4,633.38 crore via IPO selling its shares for Rs 26 apiece. It has gained nearly 360 per cent from its IPO price so far.