Quarterly Result13 Aug 2026, 01:24 pm
Magna Electro Castings declares Q1 FY27 unaudited results, approves merger in-principle
AI Summary
Magna Electro Castings Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also granted in-principle approval for the merger of Samrajyaa Precision Machining Private Limited with Magna Electro Castings Limited. Additionally, the company approved the establishment of a new machining division at its South Campus in Coimbatore. The financial results and the limited review report were approved by the Audit Committee and the Board.
Key Highlights
- Unaudited financial results for Q1 FY27 declared.
- In-principle approval for merger with Samrajyaa Precision Machining.
- New machining division to be set up in Coimbatore.
- Board meeting held on August 13, 2026.
- Limited review report by statutory auditors enclosed.
Price Impact
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