Latest news about Welcast Steels
Welcast Steels
647.85
+16.90(+2.68%)
Company Performance:
View Company Insights1D+2.68%
1M-8.11%
6M-8.80%
1Y-42.56%
5Y+52.44%
More news about Welcast Steels
12May 26
Welcast Steels Schedules Board Meeting on May 20, 2026 to Approve Q4FY26 Audited Financial Results
Welcast Steels has intimated BSE Limited under Regulation 29 of SEBI (LODR) Regulations, 2015, that its Board of Directors will meet on May 20, 2026. The board will consider and approve the audited financial results for the quarter and year ended March 31, 2026. Additionally, the board will deliberate on the recommendation of dividend, if any, for the financial year 2025-26. The intimation was filed on May 12, 2026, and signed by Company Secretary Paresh M. Shukla.
07Apr 26
Welcast Steels Limited Submits SEBI Compliance Certificate for Q4FY26
Welcast Steels Limited has submitted its mandatory quarterly certificate under SEBI Regulation 74(5) for Q4FY26 to BSE Limited. The certificate, issued by registrar Bigshare Services Private Limited, confirms proper handling of dematerialization processes and compliance with regulatory timelines. This submission demonstrates the company's adherence to securities market regulations and commitment to maintaining transparency in depository operations.
29Jan 26
Welcast Steels Reports Q3 FY26 Loss of ₹315.73 Lakhs Following Factory Closure
Welcast Steels Limited reported a net loss of ₹315.73 lakhs for Q3 FY26, with revenue declining to ₹256.60 lakhs from ₹2,307.68 lakhs in Q3 FY24. The company permanently closed its Bangalore manufacturing facility in December 2025, resulting in exceptional expenses of ₹328.19 lakhs for the nine-month period. For the nine months ended December 31, 2025, the company recorded a net loss of ₹668.31 lakhs on revenue of ₹4,581.69 lakhs.
05Nov 25
Welcast Steels Reports Significant Loss and Announces Permanent Factory Closure
Welcast Steels Limited reported a net loss of Rs 625.56 crore for Q2 FY2026, with revenue declining to Rs 2,065.01 crore. The company announced the permanent closure of its only factory in Bangalore, effective December 15, 2025, resulting in exceptional expenses of Rs 209.24 crore. The Board is currently deciding the future course of the company's activities. Financial statements reflect the impact of this decision, with non-financial assets measured at lower of carrying value and fair value less costs to sell.
15Oct 25
Welcast Steels to Permanently Close Bengaluru Plant, Citing Outdated Technology and Economic Unfeasibility
Welcast Steels Limited announced the permanent closure of its Bengaluru manufacturing facility, effective December 15, 2025. The decision, made by the Board of Directors, cites outdated technology, unviable operations, and decreasing capacity utilization as key reasons. The closure will significantly impact the company's finances, as the plant accounted for 100% of its turnover (₹84.50 crores) and net worth (₹39.72 crores) in the last financial year. The company will observe a 60-day notice period before the final closure, in compliance with legal requirements.
06Aug 25
Welcast Steels Reports Narrowed Losses and Appoints New CEO
Welcast Steels Limited reported a net loss of ₹29.42 lakhs for Q1 FY2026, an improvement from ₹58.10 lakhs loss in Q1 FY2025. Revenue decreased to ₹2,278.46 lakhs from ₹2,436.88 lakhs year-over-year. The company announced leadership changes with Mr. V.V.R. Mohana Rao resigning as CEO due to health reasons, effective July 31, 2025. Mr. Gangadurai M., with 48 years of foundry industry experience, has been appointed as the new CEO effective August 6, 2025.
31Jul 25
Welcast Steels CEO V. V. R. Mohana Rao Steps Down
Welcast Steels Limited announced the resignation of its Chief Executive Officer, V. V. R. Mohana Rao. The resignation was formally submitted to BSE Limited on July 31st, 2025, following an initial communication on July 28th, 2025. The company, headquartered in Ahmedabad, Gujarat, promptly disclosed this development in compliance with SEBI listing regulations. No information about a successor or interim leadership has been provided yet.
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