REC, a Maharatna PSU, Declares Fourth Interim Dividend of ₹3.2 Per Share, Outlines Key Details

Financial Report: REC Limited

Interim Dividend Declaration

On March 16, 2026, the Board of Directors of REC Limited (the Company) declared a fourth interim dividend of ₹3.20 per share for the financial year 2025-26. The dividend will be paid on or before April 14, 2026, with the record date set as Friday, March 20, 2026.

Dividend Eligibility

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To be eligible for the dividend payout, shareholders must have their names appear as beneficial owners in the statement(s) furnished by the depository(ies) as of the close of business hours on March 20, 2026, for shares held in electronic form. For physical shares, shareholders must be listed in the register of members on March 20, 2026.

Taxation on Dividends

In accordance with the provisions of the Income Tax Act, 1961, dividend income is taxable in the hands of shareholders. The Company will deduct tax at source (TDS) at the applicable rates while making dividend payments. Shareholders seeking a lower TDS rate or exemption must submit the necessary documents by March 20, 2026, via email or through the designated online portal.

Dividend Payment

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Following recent amendments to listing regulations, dividend payments will now be made exclusively through electronic mode. Shareholders have been advised to ensure that their bank account details are updated. For shares held in demat form, investors should contact their respective depository participants (DPs) to update bank details. For shares held in physical form, shareholders need to approach the Company's registrar and transfer agent (RTA) and complete the required KYC and bank detail updates.

Company Performance

Despite its strong dividend track record, REC Limited's stock performance has remained under pressure, declining 20% over the past year. However, in the long term, the scrip has given multibagger returns, rallying 192% in 5 years.

Financial Performance

For the December quarter, REC Limited reported a 15% year-on-year rise in net profit to ₹11,574.25 crore, compared to ₹10,066.31 crore in the corresponding period last year. Revenue from operations grew 17.81% year-on-year to ₹41,033.01 crore for the quarter ended December 31, 2024.