Business Update27 May 2026, 06:33 pm
ISGEC Invests ₹25 Cr in Steel Castings Capacity Addition
AI Summary
ISGEC Heavy Engineering Ltd's board approved a ₹25 Crore capital expenditure for capacity addition at its Steel Castings division in Muzaffarnagar, Uttar Pradesh. The board also recommended a dividend of ₹6 per equity share for FY26, subject to shareholder approval. Additionally, the board approved the issuance of corporate guarantees not exceeding ₹6550 Lakhs for Isgec Titan Metal Fabricators Private Limited to support working capital needs.
Key Highlights
- ISGEC approves ₹25 Crore investment for capacity expansion of Steel Castings division.
- Dividend of ₹6 per share recommended for FY26, pending shareholder approval.
- Corporate guarantees up to ₹6550 Lakhs approved for subsidiary's working capital.
- Board composition revised with the addition of Mr. Rajiv Roy Chaudhury to the Committee of Directors.
- Audited standalone and consolidated financial results for FY26 approved with unmodified audit opinion.
Price Impact
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