StockWatch
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Castings & Forgings
Board Meeting29 May 2026, 12:43 am

Board approves FY26 results, ₹5 dividend, re-appoints MD & WTD

AI Summary

The Board of Directors of 517449, at its meeting on May 28, 2026, approved the Audited Financial Results for the quarter and year ended March 31, 2026. The Board recommended a final dividend of ₹5 per equity share (50%) for FY26, subject to shareholder approval. Key management re-appointments were also approved, including Sri. N. Krishnasamaraj as Managing Director and Sri. M. Malmarugan as Whole Time Director, both for a further five-year term. The re-appointment of Statutory Auditors was also recommended. The 36th Annual General Meeting is scheduled for September 9, 2026, with September 2, 2026, fixed as the record date for dividend eligibility and e-voting.

Key Highlights

  • Board approved Audited Financial Results for FY26.
  • Recommended a final dividend of ₹5 per equity share (50%) for FY26.
  • Re-appointed N. Krishnasamaraj as MD for 5 years from Jan 2027.
  • Re-appointed M. Malmarugan as Whole Time Director for 5 years from May 2027.
  • AGM on Sep 9, 2026; dividend record date fixed as Sep 2, 2026.