Magna Electro Castings Limited announced that Board of directors at their meeting held on 30 May, 2023 has recommended dividend of INR 3.00 per equity share (30%) having a face value of INR 10/- for the financial year ended 31 March, 2023. Upon approval of the shareholders at the upcoming 33rd Annual General Meeting, the dividend amount, after deducting applicable TDS, will be paid to those shareholders, whose name appears on the Register of Members maintained by the Company /List of Beneficial Owners as received from the depositories as on Record Date, within the prescribed time. The Register of Members and Share Transfer Books of the Company will be closed from 20 August, 2023 to 26 August, 2023 (both days inclusive) for the purpose of the Annual General Meeting and for payment of dividend for the financial year 2022-23, if approved by the shareholders at the upcoming 33rd Annual General Meeting.

The record date for determining the members eligible to receive the dividend, if declared as aforesaid, will be 19" August, 2023 (Record Date).