StockWatch
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Castings & Forgings
Board Meeting13 Nov 2026, 04:53 pm

Steelcast Declares ₹0.45 Dividend, Approves ₹31 Cr Investment

AI Summary

Steelcast Limited's Board of Directors, in their 297th meeting on November 13, 2026, approved the unaudited financial results for the quarter and half-year ended September 30, 2026. The company declared a second interim dividend of ₹0.45 per equity share for FY 2026-27, with a record date of November 20, 2026. Additionally, the Board approved a further investment of ₹31 Crores (₹310,000,000) in a Greenfield Foundry for an additional capacity addition of 3250 Tons, bringing the total capacity to 40750 Tons and total investment to ₹151 Crores. The financial results for the period show a total income of ₹12,806.45 Lacs for the quarter ended September 30, 2026, and a profit after tax of ₹2,369.94 Lacs.

Key Highlights

  • Second interim dividend of ₹0.45 per share declared for FY 2026-27.
  • Record date for dividend set as November 20, 2026.
  • Approved additional investment of ₹31 Crores for capacity expansion.
  • Total capacity to increase to 40750 Tons.
  • Unaudited financial results for Q2 and H1 FY27 approved.