Board Meeting29 Jul 2026, 04:50 pm
Steelcast Declares Interim Dividend, Approves Foundry Expansion
AI Summary
Steelcast Ltd's Board of Directors met on July 29, 2026, approving the Unaudited Standalone Financial Results for Q1 FY27. The company also sanctioned the establishment of a new Greenfield Foundry with an 8500 Ton capacity, involving an investment of ₹120 Crores, to be financed through internal accruals. This expansion aims to meet increasing customer demand and is projected to be completed within two years, by March 31, 2028. Additionally, the Board declared a First Interim Dividend of ₹0.45 per equity share for FY 2026-27, with August 7, 2026, set as the record date.
Key Highlights
- Board approved Q1 FY27 Unaudited Standalone Financial Results.
- Greenfield Foundry expansion of 8500 Tons approved at ₹120 Crores.
- Expansion to be completed within two years by March 31, 2028.
- First Interim Dividend of ₹0.45 per share declared for FY 2026-27.
- Record date for dividend fixed as August 7, 2026.
Price Impact
More from STEELCAS