Steelcast Limited has announced its 293rd board meeting scheduled for January 30, 2026, to be conducted through video conferencing. The meeting will address key financial matters including quarterly results and dividend declarations for the ongoing financial year.

Board Meeting Agenda

The board meeting will consider and approve several important items as outlined in the company's official notice dated January 21, 2026. The primary agenda items demonstrate the company's commitment to regular financial reporting and shareholder returns.

Regulatory Compliance and Trading Window

In adherence to regulatory requirements under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has issued formal notice to both BSE Limited and National Stock Exchange of India Limited. The notice ensures transparency and compliance with stock exchange listing obligations.

The company has implemented a trading window closure as per its Code of Fair Disclosures and Conduct for Prevention of Insider Trading. This measure aligns with SEBI (Prohibition of Insider Trading) Regulation, 2015, as amended from time to time.

Corporate Communication

The official communication was signed by Umesh V Bhatt, Company Secretary of Steelcast Limited, and digitally authenticated on January 21, 2026. The notice was simultaneously sent to both major stock exchanges where the company's shares are listed, ensuring comprehensive market communication.

The company's proactive approach to regulatory compliance and shareholder communication reflects its commitment to corporate governance standards. The scheduled board meeting represents a routine but significant corporate event that will provide stakeholders with updated financial performance metrics for the third quarter of FY2025-26.

Steelcast Limited , a leading steel castings manufacturer, has reported a robust financial performance for the second quarter of fiscal year 2026 (Q2FY26), despite facing headwinds from US tariff challenges. The company's revenue from operations surged by 42% year-over-year to ₹106.7 crore, up from ₹75.4 crore in Q2FY25.

Financial Highlights

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed impressive growth, increasing by 62% to ₹34.20 crore, with margins expanding by 400 basis points to 32.00%. Profit After Tax (PAT) grew by 75% to ₹23.20 crore, with margins improving to 21.80%.

Revised Guidance and Market Challenges

Despite the strong Q2 performance, Steelcast has revised its FY26 growth guidance from the earlier 18-20% to double-digit growth around 12%. This adjustment comes in response to ongoing US tariff challenges and geopolitical uncertainties affecting export markets.

Chetan Tamboli, Chairman and Managing Director of Steelcast Limited, stated, "While the first half of FY26 has been healthy, we expect a slight moderation in Q3 due to softer demand visibility and near-term geopolitical uncertainties, mainly driven by disruptions in certain export markets."

Competitive Positioning and Future Outlook

Steelcast maintains a strong competitive position despite recent tariff-related challenges. The company's products remain cost-effective compared to Chinese competitors, with prices lower by approximately 5%, 12%, and 13% across three key product categories supplied to the US.

Looking ahead, Steelcast projects a 20% CAGR over the next three years and aims to reach ₹1,000 crore revenue by FY29. The company is actively diversifying its geographic and sectoral footprint to mitigate risks associated with market uncertainties.

Operational Highlights

• Domestic sales contributed 36% of total revenue, while exports accounted for 64% in Q2FY26.
• The US market represents about 30% of Steelcast's total sales.
• Current order book stands at ₹108 crore with capacity utilization at 48%.
• The company is developing over three dozen new components in the Ground Engaging Tools (GET) and construction industry segments.

Sustainability Initiatives

Steelcast is set to commission a 2.4 MW hybrid power project by June 30, 2026, to meet increased volume requirements for FY27. This initiative is expected to enhance cost efficiency and sustainability, generating estimated annual savings of ₹3.5–4 crore.

In conclusion, while Steelcast Limited faces near-term challenges due to global trade dynamics, the company's strong financial performance, competitive positioning, and strategic initiatives position it well for long-term growth in the steel castings industry.