Power Finance Corporation Ltd. (PFC), a leading Government of India undertaking, has announced key financial decisions following its Board of Directors meeting held on March 17, 2026. The meeting outlined a major resource mobilization plan along with a dividend announcement for shareholders.
The company’s Board has approved a large borrowing plan of up to ₹1,60,000 crore for the financial year 2026-27. This plan includes ₹1,10,000 crore to be raised through long and medium-term domestic sources. These will include instruments such as capital gain bonds, infrastructure bonds, and term loans from banks. In addition to domestic funding, PFC plans to raise around ₹20,000 crore, equivalent to about USD 2.21 billion, from international markets through syndicated loans and foreign currency bonds. The remaining ₹30,000 crore will be arranged through short-term borrowings and commercial papers.
The Board has also given flexibility to the Chairman and Managing Director to adjust the allocation between these funding sources as required, as long as it remains within the approved total limit. This move is aimed at ensuring efficient financial management and timely availability of funds for the company’s operations and future growth plans.
In a positive update for investors, PFC has declared its fourth interim dividend for the financial year 2025-26. Shareholders will receive ₹3.25 per equity share, which represents 32.50% on the face value of ₹10 per share. The company has fixed March 23, 2026, as the record date to identify eligible shareholders. The dividend payment will be made on or before April 16, 2026.
The company has also informed shareholders about changes in dividend payment procedures. As per new regulatory guidelines, dividend payments will now be made only through electronic modes, and physical cheques will no longer be issued. Shareholders have been advised to update their bank details with their Depository Participants or Registrar and Transfer Agent to avoid any delays.
Additionally, PFC reminded investors that dividend income is subject to tax. Shareholders who are eligible for lower or zero tax deduction at source need to submit the required forms, such as 15G or 15H, through the company’s online portal before the March 23 deadline.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
