Intimation regarding Record date for Dividend for the ended 31st March 2025
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The Board of Magna Electro Castings has approved audited FY25 results showing strong growth: revenue rose about 23% to Rs. 17,644.92 lakhs and net profit jumped roughly 53% to Rs. 2,311.70 lakhs, with EPS at Rs. 54.62 versus Rs. 35.70 last year. A final dividend of Rs. 6 per share (60% on face value of Rs. 10) has been recommended for shareholder approval, up from Rs. 5 per share paid last year. The record date has been fixed as 28th August 2025, with the 35th AGM scheduled for 4th September 2025. The Board also approved the appointment of Sri Ajeya Vel Narayanaswamy (son of the Managing Director) as Executive Director – Marketing for 5 years, re-appointments of statutory and cost auditors, and recommended a material related party transaction with Samrajyaa and Company.
Strong earnings growth and a higher dividend signal healthy cash generation, which is positive for shareholders. Investors should note the record date of 28th August 2025 to be eligible for the Rs. 6 per share dividend, while the related party transaction and family-related director appointment warrant closer scrutiny at the AGM.