The dividend record date for Indian Railway Finance Corporation (IRFC) and RailTel Corporation of India is scheduled for Friday, March 13, 2026. According to latest stock exchange data, this means both PSU stocks will trade ex-dividend on March 13, with investors needing to purchase shares today to be eligible for the dividend payment. Since the Indian stock market follows a T+1 settlement system, today represents the final opportunity to buy these dividend stocks and receive corporate action benefits.
IRFC's board approved a second interim dividend of ₹1.05 per equity share of ₹10 each for financial year 2025-26 on March 9. As reported by Live Mint, the company has fixed Friday, March 13, as the record date for this dividend. IRFC stated that the interim dividend shall be paid within 30 days from the declaration date to shareholders whose names appear as beneficial owners in depository statements as of March 13, 2026. According to Trendlyne data, IRFC has declared an equity dividend amounting to ₹1.85 per share in the past 12 months, resulting in a dividend yield of just 1.85%.
On the same day as IRFC, RailTel's board announced a second interim dividend of ₹1 per share with March 13 as the record date. According to Live Mint, RailTel has scheduled the payment date for Tuesday, March 24. The railway PSU stock declared an equity dividend amounting to ₹2.85 per share in the past 12 months, resulting in a dividend yield of 0.99% as per Trendlyne data.
In a significant development, the IRFC OFS (Offer for Sale) has opened today with the government planning to sell up to 4% stake to raise ₹5,430 crore. As reported by The Economic Times, this represents a major divestment initiative by the Indian government to reduce its stake in the railway financing company. The OFS is being conducted through a floor price of ₹100 per share, with the government selling shares at a discount to the prevailing market price. This stake sale comes at a time when IRFC shares have been under pressure, declining significantly in recent trading sessions.
Several other companies are also trading ex-date on March 13, 2026, including Toss The Coin which has announced the highest dividend of ₹5 per share among the list. eClerx Services is offering a 1:1 bonus issue, meaning shareholders will receive one additional fully paid share for every existing share held, while Frontier Springs has declared a 2:1 bonus issue with bonus shares expected to be allotted on March 16, 2026. Additionally, Hindusthan Urban Infrastructure is implementing a stock split where one ₹10 share will be divided into five ₹2 shares with the new shares ranking equally with existing shares.
IRFC's board has approved a ₹70,000 crore fund raising plan for FY27 to be implemented at an appropriate time depending on market conditions and funding requirements for Indian Railways. As reported by Live Mint, the company will raise funds through multiple channels including domestic and offshore markets, ECBs, green bonds, ESG bonds, offshore loans, and various other instruments. The funds may be issued on secured or unsecured basis through private placement or public issue, with fixed or floating interest rates linked to benchmarks such as G-Sec or SOFR.
