The dividend and dates
Power Finance Corporation's board, at its meeting on 7 August 2026, declared a first interim dividend for FY2026-27 alongside its unaudited standalone and consolidated results for the quarter ended 30 June 2026. Per the filing, the record date for ascertaining shareholder eligibility is Thursday, 27 August 2026, and the dividend is to be paid on or before 6 September 2026. The filing states the dividend is subject to deduction of tax at source.
The quarter behind the payout
The June-quarter results accompany the dividend. On a standalone basis, quarterly profit and interest income were broadly in line with the same quarter a year earlier, per the filing. On a consolidated basis — which includes subsidiary REC Limited — profit attributable to owners was higher year on year. The company disclosed a standalone capital adequacy ratio of 23.35% and noted it had not defaulted on servicing its borrowings during the quarter.
The pending REC merger
The notes to the results restate that PFC's board, on 28 June 2026, approved a draft scheme of merger by absorption of REC Limited into PFC, at an exchange ratio of 88 PFC shares for every 100 REC shares, with an appointed date of 1 April 2027. The scheme remains subject to statutory, regulatory, shareholder and creditor approvals. It is disclosed as context and is separate from the dividend action, which applies to PFC's existing shareholders.