Dividend29 Jul 2026, 10:20 pm
Steelcast Ltd Declares First Interim Dividend of ₹0.45 per Share
AI Summary
Steelcast Ltd's Board of Directors, in their 296th meeting held on July 29, 2026, approved the first interim dividend for FY 2026-27. The dividend is set at ₹0.45 per equity share of Re. 1/- each (45%), payable by August 28, 2026. The record date for this dividend is fixed as August 7, 2026. Additionally, the board approved the unaudited standalone financial results for the quarter ended June 30, 2026, and sanctioned a significant investment of ₹120 Crores to establish a new Greenfield Foundry with an 8500-ton capacity, aimed at meeting increasing customer demand.
Key Highlights
- Steelcast Ltd declared a first interim dividend of ₹0.45 per share for FY 2026-27.
- The dividend will be paid on or before August 28, 2026.
- Record date for the dividend is August 7, 2026.
- Board approved setting up a new Greenfield Foundry with 8500-ton capacity.
- Investment of ₹120 Crores approved for capacity expansion.
Price Impact
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