ELECTCAST

- Submission of Notice of Postal Ballot for the re-appointment of Mr. Uddhav Kejriwal and revision of tenure for Mrs. Priya Manjari Todi as Whole-time Directors. - Cut-off date for e-voting is July 10, 2026. - E-voting period: July 15, 2026 to August 13, 2026. - Results on or before August 14, 2026.

- Trading Window for designated persons and their immediate relatives will close from July 1, 2026. - It will reopen 48 hours after the unaudited consolidated and standalone financial results for the quarter ending June 30, 2026, are submitted. - The Board Meeting date for considering the financial results will be communicated in due course.

- Electrosteel Castings successfully completed planned annual maintenance at its MBF Production Facility at Khardah Works, resuming operations on June 24, 2026. - Operations at the Main Plant are scheduled to resume on June 25, 2026.

- Planned shutdown of MBF Production Facility at Khardah Works Unit and Main Plant. - Shutdown from June 14, 2026, for approximately 10 days. - Reason: Maintenance work.

- Mr. Ashutosh Agarwal, Whole-Time Director & CFO, resigned from Electrosteel Castings Limited on June 11, 2026, due to personal reasons. His cessation date is August 10, 2026.

- Mr. Ashutosh Agarwal (DIN: 00115092) has resigned from the position of Whole-Time Director & CFO of Electrosteel Castings Limited due to personal reasons, effective from close of business hours on August 10, 2026.

Electrosteel Castings discussed a challenging FY26 for the water infrastructure sector, impacted by slower Jal Jeevan Mission 1.0 execution, geopolitical stresses on exports, and cost pressures, leading to a dividend reduction from 140% to 90%. Management expressed cautious optimism for FY27, guiding for ~7 lakh tons of pipe dispatches and consolidated EBITDA margins of 13-14%, with a long-term stabilization around 14-16% (down from prior 19-20%). Demand is anticipated to recover from Q2FY27 onwards, driven by Jal Jeevan Mission 2.0 with an enhanced outlay of ₹8.69 lakh Cr. The company is diversifying into valves (aiming to double acquired T.I.S. Italy's €41M revenue in 4 years) and industrial paints (targeting ₹600 Cr revenue in 5 years with a CAPEX of ₹200-250 Cr over 2 years). Standalone gross debt was reduced by ₹598 Cr.

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Electrosteel Castings Limited's Board approved Q4/FY26 financial results and recommended a final dividend of Re. 0.90/share. Mr. Uddhav Kejriwal was re-appointed as Whole-time Director, and Mrs. Priya Manjari Todi's re-appointment tenure was revised. Dr. Ajay Kumar resigned as Chairman, replaced by Mr. Rajkumar Khanna. The company also announced its entry into the Industrial Paints & Protective Coatings market with an estimated investment of ₹80-100 Cr. The auditors issued a Qualified Opinion on the consolidated financial results due to unresolved claims from a cancelled coal block and pending litigation regarding investment in ESL Steel Limited, with impacts not ascertainable.

The Board of Directors met on May 18, 2026, approving Q4 & FY26 financial results and recommending a Re. 0.90/share dividend. Dr. Ajay Kumar resigned as Chairman, replaced by Mr. Rajkumar Khanna. Mr. Uddhav Kejriwal was re-appointed as Whole-time Director. The company approved entry into the Industrial Paints & Protective Coatings market (est. ₹80-100Cr investment). Notably, the Independent Auditors issued a Qualified Opinion on FY26 Consolidated Financials due to unresolved matters, including a cancelled coal block and land mortgage, with unascertainable financial impacts.

Electrosteel Castings Limited reported consolidated Q4FY26 results: Total Income ₹1,530Cr vs ₹1,739Cr (▼12.0% YoY), EBITDA ₹99Cr vs ₹198Cr (▼49.9% YoY), PAT ₹16Cr vs ₹168Cr (▼90.5% YoY). EBITDA Margin 6.5% vs 11.4% (▼491bps). The decline reflects muted demand and lower government spending on water infrastructure projects. Management expects demand to restore by early Q2FY27.

Electrosteel Castings' Board meeting on May 18, 2026, approved Q4/FY26 results and recommended a Re. 0.90 dividend. Key governance changes include the resignation of Dr. Ajay Kumar as Board Chairman, replaced by Mr. Rajkumar Khanna, and changes in the N&RC chairmanship. Mr. Uddhav Kejriwal was re-appointed as Whole-time Director. The company will enter the Industrial Paints & Protective Coatings market with an estimated ₹80-100 Cr investment. Auditors issued a 'Qualified Opinion' on the consolidated financial results, citing non-ascertainable impacts from a cancelled coal block and ongoing court cases.

Consolidated Revenue ₹1492.74Cr vs ₹1700.68Cr (▼12.23% YoY), EBITDA ₹61.79Cr vs ₹159.50Cr (▼61.26% YoY), PAT ₹15.99Cr vs ₹168.31Cr (▼90.50% YoY). EBITDA Margin 4.14% vs 9.38% (▼524bps). The Board recommended a final dividend of Re. 0.90 per share. Dr. Ajay Kumar resigned as Chairman of the Board of Directors. Auditors issued a qualified opinion on material issues related to coal block compensation and investment/land mortgage disputes. The company plans to enter the Industrial Paints & Protective Coatings market with an estimated investment of ₹80-100Cr.