It is hereby informed that the Board has approved the proposal to convene 53rd Annual General Meeting ("AGM") of the Company on Wednesday, September 10, 2025 at 11.00 am through Video Conferencing ....
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Awaiting price reaction for this filing.
Welcast Steels reported audited FY25 results showing a sharp deterioration — net loss of Rs 33.74 lakhs versus a profit of Rs 524.85 lakhs in FY24. Total revenue from operations fell to Rs 8,450.30 lakhs from Rs 9,107.30 lakhs, while quarterly Q4 revenue dropped to Rs 2,080.64 lakhs (vs Rs 2,562.63 lakhs in Q4 FY24). The Board did not recommend any dividend for FY25. The 53rd Annual General Meeting has been scheduled for September 10, 2025 at 11:00 am via video conferencing. Additionally, Tushar Vora & Associates has been appointed as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. Cash flow from operations also turned negative at Rs -374.47 lakhs versus Rs +380.84 lakhs last year.
Weak set of numbers — swing to loss, revenue decline, no dividend, and negative operating cash flow are negatives for shareholders and could weigh on the stock. Promoter AIA Engineering continues to hold 74.85% of equity.