Steelcast Declares ₹0.45/Share Interim Dividend; Approves ₹120 Cr Greenfield Foundry Expansion
Steelcast Limited declared a First Interim Dividend of ₹0.45 per share for FY 2026-27, payable by August 28, 2026, with a record date of August 7, 2026. The company also approved a ₹120 Crore investment to set up a new Greenfield Foundry with an 8500 Ton capacity, to be completed by March 31, 2028. For the quarter ended June 30, 2026, the company reported a Profit After Tax of ₹2,371.23 Lakhs.
The interim dividend directly benefits shareholders, while the substantial investment in a new foundry signifies a major strategic expansion that could significantly impact future revenue and market position.
The declaration of an interim dividend and the approval of a significant capacity expansion project indicate positive future prospects and shareholder returns.
Steelcast Limited's Board of Directors, in their 296th meeting held on July 29, 2026, approved the Unaudited Standalone Financial Results for the quarter ended June 30, 2026. The Board also sanctioned the establishment of a new Greenfield Foundry with an 8500 Ton capacity, representing an addition to the existing 29000 Tons capacity. This expansion will involve an investment of ₹120 Crores (12000 Lakhs) and is planned to be completed within two years, by March 31, 2028, financed through internal accruals.
Furthermore, the company declared its First Interim Dividend for FY 2026-27 at a rate of ₹0.45 per equity share of Re. 1 each (45%). This dividend will be paid within 30 days of its declaration, on or before August 28, 2026. The Record Date for the purpose of this interim dividend has been fixed as August 7, 2026.
The financial results for the quarter ended June 30, 2026, show a Profit Before Tax of ₹3,177.51 Lakhs and a Profit After Tax of ₹2,371.23 Lakhs. The company's operations are primarily in the 'Casting Business' segment, and it does not have any subsidiaries or associate companies.
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Steelcast Limited filed this with the NSE as a statutory disclosure, categorised under dividend. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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