Outcome of the Board Meeting May 27, 2026
ISGEC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
ISGEC Heavy Engineering Ltd reported standalone revenue of Rs. 522,863 lakhs for FY2025-26, up 4.2% from Rs. 501,826 lakhs in FY2024-25. Standalone profit after tax grew 18% to Rs. 34,675 lakhs from Rs. 29,374 lakhs, with EPS at Rs. 47.16 versus Rs. 39.95. Consolidated revenue stood at Rs. 678,926 lakhs, up 5.7% from Rs. 642,501 lakhs. The Board recommended a dividend of Rs. 6 per share (600%) subject to shareholder approval. An exceptional charge of Rs. 1,403 lakhs was recognized due to new labour codes. Key concerns include two subsidiaries facing going concern issues: Isgec Investment PTE. LTD reported losses and negative net worth, while Bioeq Energy Holdings Corp. has capital deficiency of Rs. 44,277.56 lakhs. The company also approved Rs. 25 crore capex for Steel Castings division capacity addition and issued a Rs. 6,550 lakh corporate guarantee for subsidiary Isgec Titan Metal Fabricators.
The 18% PAT growth is positive but below 25% threshold. The going concern warnings on two subsidiaries pose contingent risks to the consolidated entity, though the parent company received clean audit opinion. The dividend and capex signals confidence in long-term prospects.