Power Finance Corporation (PFC) Board Meeting to Discuss Bonus Shares and Interim Dividend


The state-owned Non-Banking Financial Corporation (NBFC), Power Finance Corporation (PFC), is all set to hold a crucial Board meeting on Friday, August 11, 2023. The meeting aims to disclose the earnings figures for the quarter that ended on June 30, 2023, and also deliberate on two significant corporate benefits. With its shares witnessing an astounding surge of 89.3% year-to-date and an impressive 124.7% over the past year, PFC has emerged as a multibagger Maharatna PSU, captivating investors and industry enthusiasts alike.

Power Finance Corporation (PFC) Board Meeting to Discuss Bonus Shares and Interim Dividend
Power Finance Corporation  Board Meeting
 to Discuss Bonus Shares and Interim Dividend

Bonus Shares Proposal

One of the key topics on the Board's agenda during the upcoming meeting is the issuance of bonus shares to PFC's equity shareholders. The proposal aims to reward existing shareholders by distributing additional shares free of cost, thereby increasing their ownership in the company. The exact ratio for the bonus issue will be determined through the capitalization of reserves and will be subject to the approval of the company's shareholders. This move is anticipated to enhance the liquidity and attractiveness of PFC's stock, generating positive sentiment among investors.

Interim Dividend Consideration

In addition to the bonus shares, the Board of Directors will also deliberate on a proposal for the declaration of an interim dividend for the financial year 2023-24. An interim dividend is a dividend payment made to shareholders before the completion of the full financial year. This distribution of profits, if approved, will provide a steady income stream to the shareholders and enhance the overall value proposition of holding PFC's shares. Investors and market analysts are eagerly awaiting the announcement of the dividend amount, as it will provide insights into the company's financial strength and performance in the current fiscal year.

Unaudited Financial Results for Q1 FY24

The Board meeting will also witness the disclosure of PFC's unaudited financial results for the first quarter of the fiscal year 2023-24. Both consolidated and standalone figures will be presented, shedding light on the company's performance, growth trajectory, and operational efficiency during the three-month period. These financial results are critical for investors, as they provide valuable insights into the company's profitability, revenue generation, and management of resources in the current economic environment.

Investors' Interest and PFC's Stellar Performance

PFC has garnered significant attention from investors due to its remarkable stock performance in recent times. With an impressive 89.3% surge in its share price on a year-to-date basis and an astonishing 124.7% growth over the past year, PFC has proven to be a multibagger stock. Such substantial gains have made the company an attractive investment option for both retail and institutional investors.


As the Power Finance Corporation gears up for its upcoming Board meeting on August 11, 2023, investors eagerly anticipate the company's financial results and the outcome of the proposed bonus shares and interim dividend. The potential issuance of bonus shares and the declaration of a dividend will likely enhance shareholder value and further drive investor confidence in PFC's growth prospects. With its stellar stock performance, the Maharatna PSU continues to demonstrate its resilience and competence in the dynamic financial landscape. As the meeting concludes and the decisions are made public, stakeholders will closely assess PFC's financial health and strategic direction, which will have a significant impact on its future trajectory in the market.

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