Financial Results for Quarter Ended 30th June 2026

The Board approved the unaudited financial results for Q1 FY27:

Income Statement (₹ in Lakhs):

  • Revenue from Operations: ₹5,081.48 (vs ₹4,761.11 in Q4 FY26; ₹4,852.01 in Q1 FY25)
  • Other Income: ₹48.88 (vs ₹51.68 in Q4 FY26; ₹45.33 in Q1 FY25)
  • Total Income: ₹5,130.36 (vs ₹4,812.79 in Q4 FY26; ₹4,897.34 in Q1 FY25)
  • Cost of Materials Consumed: ₹1,752.48 (vs ₹1,479.94 in Q4 FY26; ₹1,399.68 in Q1 FY25)
  • Manufacturing Expenses: ₹1,501.93 (vs ₹1,586.34 in Q4 FY26; ₹1,388.24 in Q1 FY25)
  • Employee Benefits Expense: ₹680.76 (vs ₹677.12 in Q4 FY26; ₹576.65 in Q1 FY25)
  • Finance Costs: ₹29.26 (vs ₹41.71 in Q4 FY26; ₹2.89 in Q1 FY25)
  • Depreciation and Amortization: ₹261.27 (vs ₹251.04 in Q4 FY26; ₹128.82 in Q1 FY25)
  • Other Expenses: ₹578.42 (vs ₹501.91 in Q4 FY26; ₹536.75 in Q1 FY25)
  • Profit before tax: ₹503.06 (vs ₹413.85 in Q4 FY26; ₹892.11 in Q1 FY25)
  • Tax Expense: ₹130.51 (vs ₹148.18 in Q4 FY26; ₹226.56 in Q1 FY25)
  • Profit for the period: ₹372.55 (vs ₹265.67 in Q4 FY26; ₹665.55 in Q1 FY25)

Key Metrics:

  • Earnings per share (Basic & Diluted): ₹8.80 (vs ₹6.28 in Q4 FY26; ₹15.73 in Q1 FY25)
  • Paid-up Equity Share Capital: ₹423.21 lakh (unchanged)
  • Reserves and Surplus: ₹14,076.76 lakh (as of 31st March 2026)

Auditor Review: The financial results were subject to limited review by statutory auditors VKS Aiyer & Co., Chartered Accountants, who issued an unmodified review report dated 13th August 2026.

Proposed Merger with Samrajyaa Precision Machining Private Limited

The Board granted in-principle approval for the merger of Samrajyaa Precision Machining Private Limited (Transferor Company) with Magna Electro Castings Limited (Transferee Company) under Sections 230-232 of Companies Act, 2013.

Entity Details:

  • Transferee Company (Magna Electro): CIN L31103TZ1990PLC002836, listed on BSE, paid-up capital ₹423.21 lakh, net worth ₹14,872.53 lakh, Q1 FY27 turnover ₹5,081.48 lakh. Business: Manufacturing and selling Ductile Iron components.
  • Transferor Company (Samrajyaa): CIN U25920TZ2025PTC037128, unlisted private company, paid-up capital ₹2,488.50 lakh, net worth ₹2,512.04 lakh, Q1 FY27 turnover ₹379.98 lakh. Business: Machining and processing of castings.

Related Party Transaction: The amalgamation falls within related party transactions since Samrajyaa is a related party, but is proposed to be carried out at arm's length basis based on independent fair valuation. The transaction does not fall under Section 188 of Companies Act, 2013 per MCA Circular No. 30/2014.

Rationale for Merger:

  • Business consolidation for economies of scale and operational efficiencies
  • Integration of machining capabilities to reduce dependence on third parties
  • Pooling of resources (manpower, management, financial, marketing)
  • Optimization of capital allocation and funding availability
  • Strengthening financial position and increased leverage capacity
  • Creation of long-term shareholder value
  • Reduction in multiplicity of legal and regulatory compliances

Next Steps: Appointment of Registered Valuer to determine share exchange ratio and Merchant Bankers for fairness opinion. The Scheme will require subsequent approvals from Independent Directors, Audit Committee, Board, shareholders, creditors, NCLT Chennai Bench, and other regulatory authorities.

New Machining Division Approval

The Board approved setting up a new machining division at the South Campus located at 49/3 & 38/2F1B, Coimbatore - Pollachi Main Road, Mullipadi village, Tamaraikulam Post, Kinathukkadavu Taluk, Coimbatore – 642109.

Project Details:

  • Investment: Approximately ₹17 Crores
  • Financing: Internal accruals
  • Capacity: Initial setup with 7 CNC machines
  • Commissioning: Expected by January 2027

Rationale & Benefits:

  • Meet increasing demand and reduce backlog for machined components
  • Bring precision and critical component machining under company's quality control
  • Reduce lead times and turnaround delays associated with outsourcing
  • Mitigate supply-chain risks from dependence on external machining partners
  • Support end-to-end supply of critical components to customers

Current Operations: The company currently has molding capacity of 2000 MTpa and melting capacity of 1500 MTpa, with all machining outsourced to third-party job-workers.

Meeting Details

The Board meeting commenced at 12:40 PM and concluded at 1:10 PM on 13th August 2026.