Power Finance Corporation Board Meeting Scheduled on May 16, 2026 to Deliberate on PFC-REC Merger

Power Finance Corporation Limited has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for May 16, 2026, to further consider and discuss the proposed merger of PFC and REC. The intimation, dated May 13, 2026, was filed pursuant to Regulation 29 of SEBI's Listing Obligations and Disclosure Requirements (LODR).

Board Meeting Details

The following key details have been disclosed regarding the scheduled board meeting:

Parameter: Details Meeting Date: May 16, 2026 Purpose: Further consideration and discussion of PFC & REC merger Regulatory Basis: Regulation 29 of SEBI LODR Intimation Date: May 13, 2026 Reference Number: No: 1:05:138: I: CS

Trading Window Closure

In connection with the board meeting and the ongoing deliberations on the merger, Power Finance Corporation has provided the following timeline regarding the closure of its trading window:

The trading window for equity shares and listed debt securities (including Tax Free Bonds) was closed from April 1, 2026, as intimated vide the company's letter dated March 25, 2026.

A subsequent filing dated May 5, 2026 had indicated that the trading window would open with effect from May 16, 2026.

In view of the scheduled board meeting, the company has now clarified that the trading window will continue to remain closed until further orders.

Advisory to Designated Persons

All designated persons and their immediate relatives have been advised not to deal — including buying, selling, or pledging — in PFC's equity shares and securities during the period of trading window closure. This advisory is in accordance with the company's Code of Practices & Procedures for Fair Disclosure of Unpublished Price Sensitive Information and Conduct for Regulating, Monitoring & Reporting of Trading in the Securities of Power Finance Corporation Limited.

The intimation was signed by Manish Kumar Agarwal, Company Secretary & Compliance Officer of Power Finance Corporation Limited, and has been submitted to both the National Stock Exchange of India Limited and BSE Limited for their information and record.

Power Finance Corporation delivered a strong financial performance in Q4, with standalone revenue rising to ₹153B compared to ₹149B in the same period last year. Net profit for the quarter surged to ₹63.2B versus ₹51B year-on-year, surpassing analyst estimates of ₹50B. The Board of Directors, in its meeting held on May 13, 2026, approved the standalone and consolidated audited financial results for the quarter and financial year ended March 31, 2026. The Joint Statutory Auditors have not expressed any modified opinion in their audit reports for the financial year.

Q4 Financial Highlights

The latest quarterly results reflect a notable improvement across key financial metrics. The following table presents the Q4 performance at a glance:

Metric: Q4 FY26 Q4 FY25 Revenue: ₹153B ₹149B Standalone Net Profit: ₹63.2B ₹51B Analyst Estimate (Net Profit): ₹50B —

Dividend Declaration

Alongside the results, the Board recommended a final dividend of ₹3.95 per equity share for FY 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. This is in addition to interim dividends of ₹14.60 per equity share already declared and paid during the year in four tranches. The final dividend, if approved, will be paid within the statutory period of 30 days from the date of AGM approval. Dividend payments will be made exclusively through electronic mode, as the provision for remitting dividends via physical instruments such as cheques or warrants has been discontinued.

The following table summarises the dividend details for FY 2025-26:

Metric: Details Final Dividend per Share: ₹3.95 Interim Dividends per Share (4 tranches): ₹14.60 Total Dividend per Share (FY 2025-26): ₹18.55 Dividend Payment Mode: Electronic only Subject to: Shareholder approval at AGM

Shareholder Action Required

Shareholders are advised to update their bank account details to enable seamless credit of dividends. For shares held in demat form, shareholders should contact their Depository Participant and register or update bank details in their demat account. For shares held in physical form, shareholders should contact the Company's RTA and register or update their KYC and bank account details in their folio by submitting the requisite documents.

Meeting Details

The Board meeting commenced at 11:30 AM and concluded at 1:00 PM on May 13, 2026. The company also scheduled an Investor Meet on the same day to discuss the annual financial performance with the investor and analyst community.

Source: Company/INE134E01011/18c61b93-a803-49b2-81ce-b20d569734ee.pdf

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