What the board approved
At its meeting on July 24, 2026, REC Limited's board declared its first interim dividend for FY2026-27 and fixed **Friday, July 31, 2026** as the record date for reckoning shareholder eligibility. Per the filing, the interim dividend will be paid on or before August 23, 2026 to those on the register as beneficial owners or members at the close of business on July 31.
The same meeting approved the unaudited standalone and consolidated results for the quarter ended June 30, 2026, which were subject to limited review by the joint statutory auditors.
Two dividends, two record dates
The filing sets out two separate distributions. The **interim dividend** for FY2026-27 carries a July 31 record date. Separately, the board fixed **August 14, 2026** as the record date for the **final dividend for FY2025-26** — already recommended earlier and still subject to shareholder approval at the ensuing Annual General Meeting. That final dividend, per the filing, is to be paid on or before September 24, 2026.
REC also flagged a procedural change from recent Listing Regulation amendments: dividends will now be paid exclusively through electronic mode, with cheques and warrants discontinued. Shareholders are advised to keep bank details current with their depository participant or the registrar.
Alongside the payout: results and a pending merger
The June-quarter results were disclosed with the dividend; the figures are in the key-numbers panel. In words, standalone quarterly profit was lower than the same quarter a year earlier, while total comprehensive income was sharply higher, driven by movements in hedging reserves rather than operating income.
The notes to the results reiterate the draft scheme of merger by absorption approved by the board on June 28, 2026, under which REC (transferor) would be absorbed into Power Finance Corporation (transferee). The stated appointed date is April 1, 2027. The scheme remains subject to statutory, regulatory, shareholder and creditor approvals.
Two board appointments
The board recorded the appointment of Smt. Poonam Chauhan as a Part-time Non-Official (Independent) Director with effect from July 21, 2026, per an order of the Ministry of Power, and of Shri Mukul Agarwal — currently a General Manager (Finance & Accounts) at the company — as Head of the Internal Audit function from August 1, 2026.