What the board decided
At its meeting on 26 October 2026, REC Limited's board declared a second interim dividend for FY2026-27 and fixed **Friday, 30 October 2026** as the record date for determining which shareholders are eligible. Per the filing, the dividend will be paid on or before 21 November 2026 to those holding shares as of the close of business on the record date. The company notes it had earlier paid a first interim dividend for the same financial year.
The board also approved the unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, which were subjected to a limited review by the joint statutory auditors.
The results that accompanied the dividend
The dividend came alongside half-year results for the period ended 30 September 2026. The company's press release describes a loan book of ₹6.17 lakh crore as of that date and a renewable energy portfolio it says grew 27% year-on-year. REC also reported a capital adequacy ratio (CRAR) of 24.04% as of the same date.
Separately, the results notes record a corporate development already in motion: pursuant to a scheme of merger of REC into Power Finance Corporation (PFC) approved by the board on 28 June 2026, the company said it received the RBI's no-objection certificate on 15 October 2026 and no-objection letters from BSE and NSE on 19 October 2026. The filing states the scheme remains subject to further statutory and regulatory approvals, including approvals of shareholders and creditors and sanction by the Ministry of Corporate Affairs.
Mechanics for holders
The filing reiterates that dividend income is taxable in shareholders' hands and that REC is required to deduct tax at source. Shareholders seeking a lower or nil deduction must submit the requisite documents on or before 1 November 2026; no communication on tax determination will be entertained after that date.
The company also notes that, following amendments to the listing regulations, dividend payment is now made exclusively through electronic mode — cheques and warrants have been discontinued — and advises members to keep bank-account details updated with their depository or the registrar.
Context
REC also disclosed that, during the quarter, the RBI classified the company as an Upper Layer Non-Banking Financial Company (UL-NBFC), and that it is in compliance with all regulatory requirements applicable to UL-NBFCs. The filing states there was no default as of 30 September 2026 in the repayment of debt securities, borrowings and subordinated liabilities.