Indian Renewable Energy Development Agency Limited (IREDA) has reported its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board of directors approved the results at its meeting held on May 29, 2026.
The board recommended a final dividend of Rs 0.75 per equity share (7.50% on the face value of Rs 10) for FY 2025-26, subject to shareholder approval at the annual general meeting. IREDA had already paid an interim dividend of Rs 0.60 per share (6%) during the year. The total dividend for the fiscal would be Rs 1.35 per share if the final dividend is approved.
The board approved an amendment to the Memorandum of Association's object clause to support India's clean energy transition and net zero goals. IREDA will explore new business opportunities in green energy, clean energy, carbon capture utilisation and storage, energy transition, climate impact mitigation, and civil nuclear power infrastructure. The scope also includes green building infrastructure and data centres.
IREDA informed stock exchanges that it is following up with the Ministry of New and Renewable Energy for the appointment of independent directors, including a woman director. The board composition did not fully meet SEBI (LODR) requirements for the quarter ended March 31, 2026. IREDA has requested exchanges to waive fines, noting the appointment of independent directors is beyond IREDA's control.
The board meeting commenced at 6:00 PM and concluded at 9:05 PM on May 29, 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.