Steelcast Limited has informed the Exchange that Record date for the purpose of Split/Subdivision is 29-Aug-2025.
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Awaiting price reaction for this filing.
Steelcast Limited's board met on July 31, 2025 and approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), reporting net sales of Rs. 10,668.55 lakhs and profit after tax of Rs. 1,988.26 lakhs (EPS of Rs. 9.82). The board declared a first interim dividend of Rs. 1.80 per equity share (36% on face value of Rs. 5) for FY 2025-26, payable by August 30, 2025, with August 8, 2025 set as the dividend record date. Separately, the board fixed August 29, 2025 as the record date for a proposed sub-division/split of equity shares, subject to shareholder approval at the 54th AGM.
Shareholders holding shares by August 29, 2025 will be eligible for the proposed stock split, which typically improves share liquidity and affordability, while the Rs. 1.80 interim dividend provides near-term cash return. Q1 results show strong year-on-year profit growth (PAT up ~54% vs Q1 FY25), which is positive for the stock.