Creative Castings Ltd Approves Q1 Results Recommends Final Dividend at 41st AGM

Creative Castings Ltd Approves Q1 Results Recommends Final Dividend at 41st AGM​

Creative Castings Ltd., a manufacturer of steel and alloy steel investment castings, announced key resolutions approved by its Board of Directors on Saturday, August 1, 2026. The board reviewed the company's financial performance for the quarter ended June 30, 2026, and set dates related to the upcoming general meeting, while also recommending a final dividend for the previous fiscal year.

The Board approved the Standalone Unaudited Financial Results for the quarter ending June 30, 2026, along with the Limited Review Report issued by the Statutory Auditors.

AGM Details and Dividend Recommendation​

The board also cleared the convening of the company's 41st Annual General Meeting (AGM), scheduled for Saturday, September 26, 2026, at 11:00 A.M. The meeting is to be held physically at the company’s Registered Office.

A significant recommendation from the board was the final dividend, which stood at Rs. 12.50 per equity share of face value Rs. 10.00 each. This translates to a 125% dividend on the face value and is subject to declaration by the members at the 41st AGM.

The board fixed two crucial dates for shareholders:

• Cut-off Date: Saturday, September 19, 2026 (for determining entitlement to remote e-voting).
• Record Date: Saturday, September 19, 2026 (for determining entitlement to receive the final dividend, should it be declared at the AGM).

Corporate Governance and Appointments​

The meeting addressed several aspects of corporate governance, including director appointments and managerial remuneration.

Mr. Jignesh Shashikant Thanki was approved for re-appointment as a director who retires by rotation. His reappointment is subject to the approval of the members at the 41st AGM.

The board also approved and recommended the managerial remuneration payable to Mr. Rajan Ramniklal Bambhania, Managing Director, and Mr. Siddharth Vallabhbhai Vaishnav, Whole-time Director. This remuneration covers the balance period of their existing tenure, running from April 1, 2027, to March 31, 2029, pending member approval.

Material Related Party Transaction Approved​

In addition to routine approvals, the board recommended a proposed material related party transaction with Specmac Techno Private Limited. This involves availing job-work services for the company during FY 2026-27. The maximum aggregate amount set for this transaction is Rs. 9,65,00,000, exclusive of GST, subject to shareholder approval at the AGM.

The meeting held by Creative Castings Ltd concluded at 01:14 P.M.

Stock Price Movement​

Creative Castings Ltd. shares settled on Friday at ₹562.50, edging up 2.70% in the close. The stock moved within a range during trading, touching a low of ₹548.00 and reaching an intraday high of ₹562.90.