Intimation regarding Book closure for Dividend purpose.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.1 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Magna Electro Castings' board approved FY25 audited results showing revenue up ~23% YoY to Rs.176.4 crore and net profit up ~53% to Rs.23.1 crore (EPS Rs.54.62 vs Rs.35.70). The board recommended a final dividend of Rs.6 per share (60% on Rs.10 face value), higher than Rs.5 per share paid last year, subject to shareholder approval. The record date for dividend eligibility is 28th August 2025, with book closure from 29th August to 4th September and the 35th AGM scheduled for 4th September 2025 (via video conferencing). Other approvals include appointment of a related-party Executive Director (son of the Managing Director), auditor appointments for FY26, a material related-party transaction with Samrajyaa and Company, and senior management changes.
Strong earnings growth and a higher dividend are positive for shareholders; investors must hold shares by the 28th August 2025 record date to receive the final dividend. The stock is likely to see short-term positive sentiment on the robust earnings and dividend hike.