The Board of directors of Magna Electro Castings Limited at their meeting held on May 30, 2022, has recommended a dividend of INR 2.50 per equity share (25%) having a face value of INR 10 for the financial year ended March 31, 2022. Upon approval of the shareholders at the upcoming 32nd 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.