What was filed
Power Finance Corporation (PFC) has notified the exchanges of the record date for its final dividend for the financial year 2025-26. Per the filing, the record date has been fixed as Friday, 31 July 2026, to ascertain which members are entitled to the dividend. This follows the Board's recommendation of the dividend at its meeting held on 13 May 2026, which PFC noted remains subject to shareholder approval at the ensuing Annual General Meeting.
Payment and tax mechanics
The company said that if the recommended dividend is approved at the AGM, payment — subject to tax deducted at source — will be made within 30 days of that approval. The filing also notes that dividend income is taxable in shareholders' hands and that PFC must deduct TDS at the rates prescribed under the Income Tax Act, 1961. Shareholders seeking a lower or nil deduction rate were directed to submit the requisite documents through the company's registrar link, and PFC stated no communication on tax determination would be entertained after 31 July 2026.