Please find enclosed Intimation regarding Book Closure dates for the purpose of Dividend.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Magna Electro Castings reported FY 2025-26 revenue of Rs 19,643.75 lakhs, up 11.3% from Rs 17,644.92 lakhs in the prior year. However, profit after tax declined 20% to Rs 1,847.45 lakhs from Rs 2,311.70 lakhs, primarily due to higher depreciation (Rs 887.38 lakhs vs Rs 462.39 lakhs) following commissioning of the Third Moulding Line in June 2025. The company recommended a final dividend of Rs 5 per share (50%). The Board also approved re-appointment of Managing Director Sri. N. Krishnasamaraj and Executive Director Sri. M. Malmarugan for 5 years each, and recommended entering into a material related party transaction with Samrajyaa Precision Machining Private Limited. Statutory auditors VKS Aiyer & Co were reappointed for a second term of 5 years. The auditors issued an unmodified (clean) opinion.
The 20% decline in PAT despite 11% revenue growth signals margin compression due to higher depreciation from the new moulding line. Shareholders can expect dividend payout pending AGM approval. The related party transaction warrants monitoring for potential conflicts.