IREDA Board to Consider Interim Dividend for FY26 on [Date of Meeting]

IREDA Board Meeting Scheduled to Consider Interim Dividend and Enhanced Borrowing Plan

Indian Renewable Energy Development Agency (IREDA), India's leading green financing non-banking financial company (NBFC), has announced that its board of directors will convene on March 25 to consider a proposal for the declaration of an interim dividend for FY 2025-26.

Trading Window Closure The trading window for dealing in IREDA's securities will remain closed until 48 hours after the conclusion of the board meeting on March 25. During this period, all designated persons and their immediate relatives are advised not to deal in IREDA's equity shares and listed debt securities.

Enhanced Borrowing Plan IREDA's board of directors has approved the enhancement of the borrowing plan for FY 2025-26 from up to ₹30,800 crore to up to ₹35,800 crore. The enhanced plan will be executed through a diversified mix of instruments, including:

Read also: SpaceX Seeks Record $75 Billion IPO, Potentially Positioning Elon Musk as the World's First Trillionaire

• Taxable bonds
• Subordinated Tier-II bonds
• Perpetual debt instruments (PDI)
• Term loans from banks and financial institutions
• Lines of credit from international agencies
• Short-term loans
• Working capital demand loans (WCDL)
• External commercial borrowings (ECB)

Resource Mobilisation Plan for FY 2026-27 IREDA has outlined an ambitious resource mobilisation plan for FY 2026-27, targeting up to ₹40,000 crore through its market borrowing programme, excluding funds raised under extra budgetary resources (EBR). The borrowing mix for FY27 is expected to be broad-based, covering instruments such as:

• Taxable bonds
• Green bonds
• Green masala bonds
• Subordinated bonds
• Perpetual debt instruments
• Foreign currency bonds denominated in USD, EUR, or JPY
• Bond ETFs and other debt securities

Share Price Trend IREDA's shares have been witnessing severe selling pressure since reaching an all-time high of ₹310 apiece in June 2024 and have so far declined 62.3%, falling to ₹116.6 apiece. The stock finished CY25 with a sharp 35% decline, with losses extending into the current year as well, as the stock has fallen another 16.7%.

Read also: SMR Jewels IPO Successfully Lists with Institutional Support

Company Overview IREDA is a non-banking financial company (NBFC) that offers innovative financing solutions for renewable energy (RE) projects, energy efficiency, conservation, and environmental technologies. As a wholly owned enterprise of the Government of India (GoI), it operates under the Ministry of New and Renewable Energy (MNRE).