IREDA Share Price to Gain Focus on Friday Following Dividend Declaration, Record Date to Be Watched

Indian Renewable Energy Development Agency Limited (IREDA) Dividend and Borrowing Update

Key Highlights:

• ₹0.6 per equity share interim dividend declared by IREDA's Board of Directors for the financial year 2025-26.
• ₹119.2 per share closing price on BSE on Wednesday, March 25, 2026, with a 4.2% increase.
• ₹35,800 crore revised borrowing limit for FY26, up from ₹30,800 crore.
• ₹40,000 crore target for market borrowing programme in FY27, excluding extra budgetary resources.

Interim Dividend Details:

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• The dividend record date is set for Thursday, April 2, 2026, to determine eligible shareholders.
• The interim dividend will be paid within 30 days of declaration.
• The dividend is subject to 6% deduction of TDS.

Borrowing Programme Update:

• The revised borrowing plan will be funded through a mix of instruments, including taxable bonds, subordinated Tier-II bonds, perpetual debt instruments, term loans from banks and financial institutions, and credit lines from international agencies.
• The company will also utilise short-term loans, working capital demand loans, and external commercial borrowings to meet its funding needs.

Stock Performance:

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• IREDA stock has been under pressure, losing 30% in the last 1 year, 20% in the past 6 months, and 5% in the last 1 month.
• The stock hit its 52-week high of ₹186.55 in June 2025 and its 52-week low of ₹110 in March 2026.