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IRFC fixed March 21 as the record date for its second interim dividend of Rs 0.80 per share for FY 2024-25. Payment is expected by April 17, 2025. IRFC is the funding arm of Indian Railways.
IRFC Dividend 2025: PSU announces 2nd interim dividend on March 17.
IRFC Interim Dividend 2025: Indian Railway Finance Corporation (IRFC) shares are up 1 per cent during intraday on Friday due to the ex-date of the interim dividend for the financial year 2024-25. The scrip was trading at Rs 129.60 apiece around 10:00 AM, against the previous day close at Rs 128.45 apiece.
Navratana PSU announced the second interim dividend of Rs 0.80 per equity for 2024-25 on March 17, 2025. The railway PSU fixed March 21 as the record date for its second interim dividend for the financial year 2024-25.
“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.
IRFC Second Interim Dividend 2025 Payment Date
The payment of dividend is expected to be credited in the shareholders’ account on or before April 17, 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.
IRFC Dividend History
IRFC previously announced the interim dividend of Rs 0.80 per share, which was the first for the FY2024-25. The ex-date was set for November 12, 2024.
TDS On IRFC 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.”
About IRFC
Indian Railway Finance Corporation (IRFC) is the dedicated funding arm of Indian Railways. The company was set up in December 1986 for mobilizing funds from domestic and overseas markets to meet the pre-dominant portion of Extra Budgetary Resources requirement of Indian Railways.
