President of India–Backed Finance Company Announces First Dividend Since Listing

Indian Renewable Energy Development Agency jumped 4.83 per cent and closed at Rs 119 on Wednesday, March 25, 2026. The company's Board of Directors declared an interim dividend for the financial year 2025-26. This marks the first interim dividend announced by the company since its listing, making it a noteworthy development for shareholders.

IREDA Declares Interim Dividend of Rs 0.60 Per Share for FY 2025-26

The Board of Directors of Indian Renewable Energy Development Agency, at its meeting held on March 25, 2026, declared an interim dividend of Rs 0.60 per equity share, which works out to 6 per cent on the face value of Rs 10 per share for the financial year 2025-26. The record date for determining shareholder eligibility for this dividend has been fixed as Thursday, April 2, 2026, and the dividend will be paid within 30 days of its declaration. 

Shareholders are also informed that the dividend payment will be made exclusively through electronic mode, as physical instruments such as cheques and warrants have been discontinued in line with recent amendments to listing regulations.

IREDA Shareholding Pattern

In December 2025, the shareholding pattern of Indian Renewable Energy Development Agency Ltd (IREDA) shows promoter holding at 71.76 per cent, unchanged from the September 2025 quarter. FIIs increased their stake slightly to 2.07 per cent from 1.92 per cent, while DIIs also saw a marginal decline to 2.51 per cent from 2.57 per cent. Public shareholding eased to 23.67 per cent compared to 23.75 per cent in the previous quarter. Overall, the shareholding mix remained largely stable on a sequential basis with minor movements across investor categories.

The President of India, through the Secretary, MNRE, holds a 71.76 per cent stake in the company.

About Indian Renewable Energy Development Agency Limited

Indian Renewable Energy Development Agency Limited is a Government of India enterprise and a Navratna company under the administrative control of the Ministry of New and Renewable Energy. The company is primarily engaged in the business of financing and promoting renewable energy projects and energy efficiency initiatives across the country. It provides financial assistance for projects in Solar, wind, hydro, biomass, and other clean energy sectors, playing a key role in India's transition towards a low-carbon energy future.

The company has a market capitalisation of Rs 33,486 crore, and it has reported a profit growth CAGR of 51.3 per cent over the last five years. Over the past one year, the stock has declined 26.95 per cent, compared to a 7.14 per cent gain in the Nifty Midcap 100 index.

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Disclaimer: The article is for informational purposes only and not investment advice.