StockWatch
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Castings & Forgings
Board Meeting29 May 2026, 12:37 am

Board approves FY26 results, recommends ₹5/share dividend

AI Summary

The Board of Directors, at their meeting on May 28, 2026, approved the audited financial results for the quarter and year ended March 31, 2026. They recommended a final dividend of ₹5 per equity share (50%) for FY2026, subject to shareholder approval. The Board also approved the re-appointment of N. Krishnasamaraj as Managing Director and M. Malmarugan as Whole Time Director for five-year terms. Additionally, M/s. VKS Aiyer & Co were recommended for re-appointment as Statutory Auditors for a second five-year term. The 36th Annual General Meeting is scheduled for September 9, 2026, with September 2, 2026, fixed as the record date for dividend eligibility.

Key Highlights

  • Board approved audited financial results for Q4 and full year FY2026.
  • Recommended a final dividend of ₹5 per equity share (50%) for FY2026.
  • Re-appointed Managing Director and Whole Time Director for five years.
  • Re-appointed M/s. VKS Aiyer & Co as Statutory Auditors for five years.
  • 36th AGM to be held on September 9, 2026; dividend record date Sep 2, 2026.