Indian Renewable Energy Development Agency Limited (IREDA) board recommended a final dividend of Rs 0.75 per equity share at 7.50 percent on the face value of Rs 10 each for the financial year ended March 31, 2026. The dividend proposal was approved at the board meeting held on May 29, 2026 and is subject to shareholder approval at the ensuing annual general meeting.
This final dividend is in addition to the interim dividend of Rs 0.60 per equity share at 6 percent already declared for FY 2025-26. The record date for the final dividend will be fixed and announced in due course, with payment to be made within 30 days of declaration at the AGM.
The board approved an amendment to the object clause of the Memorandum of Association to include new business areas. These cover carbon capture utilization and storage, civil nuclear power infrastructure for electricity generation, green building infrastructure, data centres, and other emerging technologies in renewable energy and climate mitigation. The amendment is subject to requisite approvals.
IREDA stated that the board discussed non-compliance with SEBI LODR regulations on board composition for the quarter ended March 31, 2026. The company is following up with the Ministry of New and Renewable Energy for appointment of independent directors, including a woman director. The board requested stock exchanges to waive fines, stating the matter is beyond the company's control.
The board also approved the audited financial results for the quarter and year ended March 31, 2026. The 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.