Enclosed the Outcome of Board Meeting held on 28th March, 2026
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The Board of Directors of Magna Electro Castings Ltd met on 28th March 2026 and approved the Annual Operating Budget along with the Capital Expenditure Budget for the financial year 2026-27. The meeting lasted about 55 minutes, from 4.45 PM to 5.40 PM. No specific financial figures, project details, or strategic plans were disclosed in the filing. The intimation was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements. The company is a small-cap entity listed on BSE with scrip code 517449.
This is a routine annual budget approval and does not, on its own, signal any immediate change for shareholders. Investors should watch for the company's annual report or separate disclosures to understand the actual capex size and what it means for growth or capacity expansion.