The Board has recommended Final Dividend of Rs. 6/- per share (60%).Please find enclosed intimation.
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The Board of Magna Electro Castings has recommended a Final Dividend of Rs. 6 per equity share (60% on face value of Rs. 10) for FY25, subject to shareholder approval. The record date is fixed as August 28, 2025, with the AGM scheduled for September 4, 2025. For FY25, the company reported strong growth with Revenue from Operations rising to Rs. 17,644.92 lakhs (up from Rs. 14,369.78 lakhs in FY24) and Profit After Tax jumping to Rs. 2,311.70 lakhs (up from Rs. 1,510.92 lakhs), translating to EPS of Rs. 54.62 vs. Rs. 35.70 last year. The Board also approved the appointment of Ajeya Vel Narayanaswamy (son of the Managing Director) as Executive Director – Marketing for 5 years, and made changes in senior management along with the appointment/re-appointment of statutory, internal, cost, and secretarial auditors. Material related party transactions with Samrajyaa and Company and an amendment to the Articles of Association on director rotation were also recommended for shareholder approval.
The 60% final dividend rewards shareholders with a healthy cash return, while the strong ~53% jump in net profit and revenue growth signal solid operational performance — likely positive for the stock in the near term. Investors should note the appointment of the MD's son as Executive Director and the proposed related party transactions, which warrant review before the AGM vote.