IRCTC Sets Feb 20 As Record Date; Is Another Dividend For FY26 On The Way?

The stock exchanges have been notified by Indian Railway Catering and Tourism Corporation (IRCTC) of a significant approaching Board of Directors meeting that is set for Thursday, February 12, 2026. Among other things, the Board will review and approve the company's unaudited standalone and consolidated financial results for the quarter and nine months that ended on December 31, 2025.

In the same meeting, the Board will also deliberate on the declaration of a second interim dividend for FY 2025-26, if any. IRCTC has fixed Friday, February 20, 2026, as the record date to determine the eligibility of shareholders for receiving the interim dividend, should it be approved.

"Further, as per the Internal Code of Conduct for Prevention of Insider Trading in Dealing with Securities of IRCTC Limited, Trading Window has been closed from Thursday, 01st January, 2026 and will remain closed upto 48 hours after the date of declaration of the said Financial Results i.e., upto Saturday, 14th February, 2026 (both days inclusive). Intimation regarding closure of trading window has already been given vide our Notice dated December 22, 2025. During the closure of Trading Window, Insiders have been advised not to deal in the shares of IRCTC Limited," IRCTC further confirmed in a statement.

Shri Manoj Kumar Gangeya (DIN: 09744752), IRTS, recently resigned from the position of Executive Director (Planning), Railway Board, effective January 16, 2026 (F/N). As a result, he is no longer the Part-time Government Director on the Board of the company as of January 16, 2026.

Indian Railway Catering and Tourism Corporation (IRCTC) has recently notified the stock exchanges of the Board's comments on penalties levied by BSE and NSE for the quarter that ended on September 30, 2025, in relation to non-compliance with SEBI regulations.

The exchanges had flagged non-compliance with Regulation 17(1), which pertains to the prescribed Board composition, including the requirement to appoint a woman director. Following this, fines were levied by both BSE and NSE, and the matter was earlier intimated to the exchanges on November 30, 2025.

The matter was then brought to the Board of Directors at its meeting on January 9, 2026, as directed by the exchanges. The Board stated during the discussion that IRCTC had previously taken proactive measures by alerting and urging its administrative ministry, the Ministry of Railways, well in advance about potential risks of non-compliance, therefore the non-compliance was outside the company's control.

The Board also underlined the need for prompt corrective action and expressed its concerns about the notices received from BSE and NSE. In order to ensure subsequent compliance with SEBI (LODR) Regulations, the Companies Act of 2013, and other relevant laws, it is recommended that the administrative ministry be contacted frequently to expedite the appointment of the necessary number of independent directors, including a woman independent director.

IRCTC Target Price

"IRCTC stock price is slightly bullish on the Daily charts with strong support at 610. A Daily close above resistance of 639 could lead to a target of 700 in the near term," commented A R Ramachandran, part-time SEBI-registered Research Analyst, Tips2trades.

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