Double Delight! Board Likely to Announce Bonus Shares & Dividend; President of India Holds 19,364 Shares in The Company
The President of India holds 19,364 shares or 0.39 per cent stake in the company.
Investment & Precision Castings Ltd informed that a meeting of the Board of Directors of the Company will be held on May 22"d. 2025. Thursday at 12:15 P.M. at Registered Office of the Company Situated at Nari Road, Bhavnagar- 364006: -
- To consider and approve the audited standalone and consolidated financial results of the company for the quarter and financial year ended March 31, 2025 and take on record audit reports on the standalone and consolidated financial results.
- To consider and recommend a dividend, if any, on the equity shares of the company for the financial year ended on March 31, 2025.
- Matters related to the upcoming annual general meeting of the company.
- Other business transactions/matters, if any.
- To review, discuss & brief about the issue of bonus equity shares and allocations of the same.
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Incorporated in 1975, Investment & Precision Castings Ltd (IPCL) is an ISO-certified manufacturer specialising in Lost-Wax investment castings in ferrous, non-ferrous, nickel and cobalt-based alloys, producing components up to 200 kg. As an original equipment manufacturer for domestic automobile companies, IPCL also manufactures vacuum castings for the aerospace, defence and medical implant sectors, supplying fully machined and treated, ready-for-use components. Additionally, the company is involved in wind power generation through two wind turbine generators in Bhavnagar and possesses the capability to produce intricate, thin-walled, pressure-tight castings in a wide array of materials, including various steels, irons, nickel, cobalt and aluminium alloys.
The company has a market cap of over Rs 400 crore and has been maintaining a healthy dividend payout of 30 per cent. The stock is up by 71 per cent from its 52-week low of Rs 503 per share and has given multibagger returns of over 500 per cent in 5 years. The President of India holds 19,364 shares or 0.39 per cent stake in the company.
Disclaimer: The article is for informational purposes only and not investment advice.