Summary of proceedings of 40th Annual General Meeting of the Company held on August 21,2025.
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Morganite Crucible (India) Limited held its 40th AGM on August 21, 2025 via video conferencing. The company reported a 4% rise in revenue from operations to ₹17,419 lakhs (from ₹16,794 lakhs), with operating profit (EBITDA) at ₹4,860 lakhs (up from ₹4,458 lakhs) and net profit margin (before exceptional items) improving to 15.12% from 11.65%. Shareholders approved a final dividend of ₹19 per share, on top of the interim ₹30 per share already paid in November 2024, taking total dividends for FY25 to ₹49 per share. The parent Morgan Group's revenue declined 1.26% to £1,100.7 million, while its Molten Metal Systems business (to which the Indian company belongs) saw revenue drop 9.5% with operating margin halving from 10% to 5%. Key resolutions included re-appointment of Deloitte Haskins & Sells LLP as statutory auditor for another 5-year term, appointment of Ms. Poonam Bopshetti as Manager & Director, and Mr. Chandrashekhar Chitale as Independent Director.
Strong total dividend of ₹49 per share signals healthy cash generation despite softer global demand at the parent level. Improving margins and return on capital at the Indian entity are positive for shareholders, though weak performance of the broader Molten Metal Systems business and exposure to EV/lithium-ion battery markets remain areas to watch.