What the board decided
At its meeting on Thursday, 15 October 2026, the board of Indian Railway Finance Corporation (IRFC) declared a second interim dividend for the financial year 2026-27 on equity shares of ₹10 face value. Per the filing, the record date for determining eligible shareholders is Friday, 23 October 2026, and the dividend is to be paid within 30 days of declaration. The company's press release describes this as its highest-ever interim dividend payable in a single tranche.
The same meeting approved IRFC's unaudited standalone financial results for the quarter and half year ended 30 September 2026, reviewed by the audit committee and accompanied by a limited review report from the joint statutory auditors.
The results behind the payout
IRFC reported growth in both total income and profit after tax over the half year versus the same period a year earlier, and described its half-year PAT as an all-time high for any first half. Net worth reached a record level as of 30 September 2026.
The filing notes IRFC maintained its zero non-performing-asset track record during the quarter. As a lessor and financier to the railway sector, the company reported no separate reportable business segments, and it has no subsidiaries or associates, so no consolidated results are prepared.
Two governance notes in the same filing
The board separately approved a Policy for Transition to the NBFC Upper Layer Regulatory Framework. The auditors and the company flagged that the composition of the board was not compliant with SEBI LODR requirements as of 30 September 2026, owing to an insufficient number of independent directors appointed by the Government of India — IRFC said it is writing regularly to the Ministry of Railways on this.
The filing also records that the Government of India's holding stood at 82.90% as on 30 September 2026, down from 84.65% at 31 March 2026, following a 1.75% stake sale through an Offer for Sale in late June 2026.
Mechanics for holders
The filing reminds shareholders that dividend income is taxable in their hands and that the company must deduct TDS at payment, with the rate higher where required documents are missing. It also notes that, following recent amendments to the Listing Regulations, dividend payment is now exclusively electronic — payment via cheques or warrants has been discontinued — so holders are asked to keep bank details updated with their depository or the company's registrar.