Steelcast Limited has informed the Exchange that Record date for the purpose of Dividend is 08-Aug-2025.
STEELCAS · price
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On the reaction day the stock moved 9.4 pts less than Nifty Microcap 250 and 9.1 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Steelcast Limited posted strong Q1 FY26 results, with net sales rising about 38% year-on-year to Rs. 10,668.55 lakhs from Rs. 7,744.66 lakhs. Profit after tax jumped to Rs. 1,988.26 lakhs (vs Rs. 1,292.98 lakhs), and basic EPS climbed to Rs. 9.82 from Rs. 6.39. The Board declared a first interim dividend of Rs. 1.80 per share (36% on face value of Rs. 5), with a record date of August 8, 2025, and payment within 30 days. Separately, the Board fixed August 29, 2025 as the record date for a sub-division/split of equity shares, subject to shareholder approval at the AGM on July 31, 2025.
Strong earnings growth, a healthy interim dividend, and an upcoming stock split are shareholder-friendly moves. The split should improve liquidity and retail participation, while the dividend rewards existing holders, making this a broadly positive announcement for investors.