RailTel Falls 3% After Declaring Second Interim Dividend Of Re 1 Per Share

Mumbai, March 13: Share price of RailTel Corporation of India Ltd declined about 3% to ₹278.45 after the company announced a second interim dividend of Re 1 per equity share for the financial year 2025–26.

The announcement followed a Board meeting held on March 9, 2026, according to the company’s regulatory filing.

Board Declares Second Interim Dividend For FY26

RailTel said its Board of Directors approved a second interim dividend at the rate of 10% of the paid-up share capital, translating to Re 1 per equity share of face value ₹10.

The company has fixed Friday, March 13, 2026, as the record date to determine the shareholders eligible to receive the interim dividend.

Payment of the dividend is scheduled for March 24, 2026.

The disclosure was made under Regulations 30 and 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which require listed companies to inform exchanges about material corporate actions and record dates for shareholder benefits.

The Board meeting that considered the dividend began at 11:30 am and concluded at 2:20 pm, as per the filing.

RailTel Shares Trade Lower On March 13

As of 1:34 pm IST on March 13, 2026, shares of RailTel were trading at ₹278.45, down ₹8.65 or 3.01% from the previous close of ₹287.10, according to NSE data.

The stock opened at ₹285.00 and moved between a high of ₹285.80 and a low of ₹277.70 during the session so far. The company’s market capitalisation stood at about ₹8.94K crore.

RailTel’s 52-week high and low were ₹478.95 and ₹266.00, respectively.

Company Background

RailTel Corporation of India is a public sector enterprise under the Ministry of Railways. The company provides telecom infrastructure, broadband services and digital connectivity solutions using the extensive fibre network laid along railway tracks across India.

The firm also participates in government digital infrastructure projects and enterprise connectivity services.

Conclusion

With the declaration of the second interim dividend for FY26 and the record date set for March 13, eligible shareholders will receive Re 1 per share, with payouts scheduled for March 24. The stock’s decline suggests investors may already have priced in the corporate action or reacted to broader market cues during the session.

Source: https://www.bseindia.com/xml-data/corpfiling/AttachHis/6e1fcd97-6705-460a-af8d-7555febeed0a.pdf