electrosteel castings will shut down its MBF Production Facility at Khardah Works Unit and Main Plant for approximately 10 days starting June 14, 2026. The shutdown is intended for maintenance work. The company informed the exchanges via a filing dated June 13, 2026.

Maintenance Schedule

The planned shutdown affects the MBF Production Facility located at the Khardah Works Unit and Main Plant. The maintenance period is scheduled to last for around 10 days, commencing on June 14, 2026.

Regulatory Disclosure

The intimation was submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Indranil Mitra, Company Secretary.

Electrosteel Castings Limited has published its audited financial results for the quarter and year ended 31 March 2026. The company reported a sharp year-on-year decline in key profitability metrics for Q4 FY26. On a consolidated basis, net profit fell to ₹16 crore from ₹168 crore in the same quarter of the previous year. Revenue from operations for the quarter stood at ₹1,493 crore compared to ₹1,701 crore in the corresponding prior-year period. EBITDA declined to ₹99 crore from ₹198 crore, with the EBITDA margin contracting to 6.5% from 11.4%. The company attributed the decline in total income to a slowdown in domestic demand resulting in lower sales volumes.

The following table summarises the consolidated quarterly performance:

Management Commentary and Outlook

During the earnings conference call held on 18 May 2026, management noted that FY 25-26 was a challenging year for the water infrastructure sector, primarily due to slower execution of projects under the Jal Jeevan Mission (JJM) caused by delays in fund disbursement. Sales volume of DI Pipe, Fittings, and CI Pipe during Q4 FY26 stood at 1.48 lakh tons, down 21% year-on-year. For the full year, sales volume was 5.84 lakh tons, a 25% decline from the previous year.

However, exports performed well, with volume increasing by 7% in FY 2025-26, largely contributed by the Middle East. Management expressed optimism regarding the approval of Jal Jeevan Mission 2.0, which has a budget outlay of ₹8.69 lakh crores up to December 2028. The company expects demand to restore by early Q2 of the current financial year and targets a dispatch of approximately 7 lakh tons for FY27. Management also guided for a consolidated EBITDA margin of 13%-14% for the year.

Board Decisions and Dividend

At its board meeting held on 18 May 2026, the company approved the audited consolidated and standalone financial results for FY26. The Board recommended a final dividend of ₹0.90 per equity share of face value ₹1 each for FY2025-26, subject to shareholder approval. The estimated payout amounts to ₹5563.66 lakhs. Additionally, the Board approved the re-appointment of Mr. Uddhav Kejriwal as Whole-time Director and revised the tenure of Mrs. Priya Manjari Todi. Mr. Rajkumar Khanna was appointed as Chairman of the Board.

Strategic Expansion and Audit Qualifications

The Board approved the company's entry into the Industrial Paints & Protective Coatings market, targeting an industry size of ₹29,000 crores growing at 10% CAGR. The estimated investment is ₹80-100 crore to be made in a phased manner. Meanwhile, Statutory Auditors Lodha & Co LLP issued a qualified opinion on the financial results, citing two pending matters. The first relates to the Parbatpur coal block cancellation and adjustments required in respect of claims received and the carrying value of property, plant and equipment, capital work in progress, inventory, and other account balances. The second concerns the company's investment in ESL Steel Limited, the pledge of which was invoked by ESL's lenders, subsequently set aside by the Calcutta High Court, along with a mortgage of land at the Elavur plant in favour of one of ESL's lenders whose rights were assigned to another party that has taken symbolic possession — a matter currently pending before DRAT and the Madras High Court.