Magna Electro Castings Limited has intimated the availability of its Annual Report for the financial year ended March 31, 2026 (FY26), pursuant to Regulation 30 and Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company sent physical letters containing web-links and QR codes to members who have not registered email addresses, with the communication dated July 31, 2026. This disclosure ensures shareholders can access the complete annual report ahead of the 36th Annual General Meeting (AGM) scheduled for September 9, 2026.

The AGM will seek shareholder approval for a material related-party transaction worth up to ₹3,000 lakh with Samrajyaa Precision Machining Private Limited (SPMPL). SPMPL acquired Unit-1 of M/s. Samrajyaa and Company via a Slump Sale Agreement effective April 1, 2026. During FY25-26, transactions with the predecessor entity totaled ₹2,028.70 lakh. The new omnibus limit represents 15.30% of the company’s annual consolidated turnover for the preceding financial year. Prices are determined on an arm’s length basis based on prevailing market rates. Relatives of Managing Director N. Krishnasamaraj, Director J. Vijayakumar, and Director Ajeya Vel Narayanaswamy hold shares in SPMPL, necessitating shareholder approval under Regulation 23(4) of the SEBI Listing Regulations.

Financial Performance and Dividend

For FY26, operating revenue grew by 11.33% to ₹19,643.75 lakh. However, profit before tax declined from ₹3,104.46 lakh to ₹2,517.84 lakh. This decline was primarily driven by an increase in depreciation from ₹462.39 lakh to ₹887.43 lakh and finance costs rising from ₹26.98 lakh to ₹98.52 lakh, following the commissioning of the Third Moulding Line project. Shareholders holding shares as of the record date, September 2, 2026, are eligible for a final dividend of ₹5 per equity share of ₹10 face value. All dividends will be paid electronically in compliance with SEBI regulations.

Executive Re-Appointments

Shareholders will vote on the re-appointment of two key executives for five-year terms:

• N. Krishnasamaraj: Re-appointed as Managing Director from January 17, 2027, to January 16, 2032. His remuneration includes a monthly salary of ₹7.50 lakh and a 1% commission on net profits. As he attained the age of 70 on March 26, 2025, this requires special resolution approval under Section 196(3)(a) of the Companies Act, 2013.
• M. Malmarugan: Re-appointed as Whole-time Director designated as Executive Director - Operations from May 30, 2027, to May 29, 2032. His monthly salary is set at ₹5.40 lakh.

Additionally, shareholders will approve the continuation of J. Vijayakumar as Non-Executive Director upon attaining the age of 75 on December 9, 2026.

Auditor and Compliance Details

The meeting will ratify the re-appointment of M/s. VKS Aiyer & Co. as Statutory Auditors for a second term of five years, with an annual fee of ₹15.00 lakh for FY27. The Cost Auditors, M/s. SBK & Associates, will receive a ratified remuneration of ₹1.70 lakh plus taxes and expenses for FY27.

The company also reminded shareholders to update their KYC details pursuant to SEBI Master Circular No. HO/38/13/(4)2026-MIRSD-POD/I/4298/2026 dated February 6, 2026. Security holders holding physical securities must update PAN, address, mobile number, bank account details, and specimen signature to remain eligible for payments. Remote e-voting facilities for the AGM are available from September 6 to September 8, 2026.

What the Numbers Show

The divergence between top-line growth and bottom-line pressure highlights the impact of capacity expansion investments. While revenue grew 11.33%, the significant rise in depreciation (₹462.39 lakh to ₹887.43 lakh) indicates substantial capital expenditure utilization. The new related-party transaction with SPMPL consolidates machining operations within the promoter group, aiming for better process control without disrupting supply chains, as evidenced by the prior year’s transaction volume of ₹2,028.70 lakh.

Magna Electro Castings Limited reported a 20.1% decline in net profit to ₹1,847.45 lakh for the financial year ended March 31, 2026, despite an 11.3% rise in revenue from operations to ₹19,643.75 lakh. The board approved the audited financial results and recommended a final dividend of ₹5 per equity share, subject to shareholder approval. Finance costs for the year increased significantly to ₹98.52 lakh from ₹26.98 lakh in the previous year, impacting profitability.

For the quarter ended March 31, 2026, the company recorded a profit of ₹265.67 lakh, a decrease from ₹481.67 lakh in the same period of the previous year. Revenue from operations for the quarter stood at ₹4,761.11 lakh. Total income for the full year reached ₹19,833.64 lakh, up from ₹17,817.49 lakh in the prior year. M/s. VKS Aiyer & Co, Statutory Auditors, issued an audit report with an unmodified opinion on the financial results.

Financial Performance

The company’s total expenses for FY26 increased to ₹17,315.80 lakh from ₹14,713.03 lakh in the previous year. Earnings per share (basic and diluted) for the year stood at ₹43.65, down from ₹54.62 in the previous year. The board noted that the Third moulding Line project was commissioned on June 27, 2025, and consequently, all expenses including depreciation and interest have been charged to revenue.

Board Decisions and Appointments

The board recommended the re-appointment of Sri. N. Krishnasamaraj as Managing Director for a further period of five years from January 17, 2027, and Sri. M. Malmarugan as Whole Time Director designated as Executive Director - Operations for five years from May 30, 2027. Additionally, the board approved the continuation of Sri. J. Vijayakumar as Non-Executive Director upon attaining the age of 75 years.

M/s. VKS Aiyer & Co, Chartered Accountants, were recommended for re-appointment as Statutory Auditors for a second term of five years from the 36th Annual General Meeting until the 41st Annual General Meeting. The board also appointed M/s. G S N & Associates as Internal Auditors and re-appointed M/s. SBK & Associates as Cost Auditors for the financial year 2026-27.

Shareholder Meeting Details

The 36th Annual General Meeting (AGM) is scheduled for September 9, 2026, via Video Conferencing or Other Audio-Visual Means. The register of members and share transfer books will remain closed from September 3, 2026, to September 9, 2026. The record date for determining dividend eligibility and eligibility to vote by electronic means has been fixed as September 2, 2026.