The Indian Railway Finance Corporation Limited (IRFC) has scheduled a board meeting on March 17, 2025, to consider and approve the declaration of the second interim dividend for FY 2024-25.
Key Highlights:
- Board Meeting Date: March 17, 2025
- Agenda: Consideration of Second Interim Dividend
- Record Date for Dividend Eligibility: March 21, 2025
- Trading Window Closure:
- Begins on March 11, 2025
- Remains closed until 48 hours after the board meeting
Tax Implications for Shareholders:
- Dividend income is taxable in the hands of shareholders.
- The company will deduct Tax at Source (TDS) as per Income Tax Act, 1961.
- Shareholders holding shares in dematerialized mode must update tax records and PAN with depositories.
- Shareholders with physical shareholding must provide details to the company’s Registrar and Share Transfer Agent (Beetal Financial & Computer Services Pvt. Ltd.) at irfc@beetalfinancial.com before March 21, 2025.
Investor Note:
IRFC has advised all designated employees and connected persons to refrain from trading in the company’s securities during the trading window closure period.
This announcement aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is subject to final approval by the board of directors.
TOPICS:
IRFC