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Alicon Castalloy manufactures aluminium castings including cylinder heads, support brackets, intake manifolds, crankshafts, and engine brackets for the auto industry. It has a presence in 18 countries and is a part of Alicon Group.The co. was established as Enkei Castalloy Ltd, a joint venture between Pegasus Castalloy Ltd and Enkei Corporation (now Alicon Castalloy), in Japan; one of the largest manufacturers of…
Alicon Castalloy approved its audited financial results for the quarter and half-year and declared a 50% interim dividend of Rs. 2.5 per share. The company allotted 75,000 equity shares to employees under ESOP 2022 and appointed M/s. P.G. Bhagwat LLP as internal auditor for FY 2025-26. No significant operational or...
The Board of Directors has accepted the resignation of Ms. Amruta Joshi as Company Secretary and Compliance Officer. She has stepped down for better career prospects. Ms. Joshi's cessation date is effective immediately. The company's leadership remains stable with no changes in board relationships or equity holdings reported. While her...
The Board of Directors has decided to seek shareholders’ approval for the appointment of Mr. Ajay Nanavati as a Non-Executive, Non-Independent Director effective from 30th April, 2025. This move follows the expiration of his five-year term as an Independent Director on 29th April, 2025. Mr. Nanavati is not related to...
Recent operational changes include the successful commissioning of a new manufacturing facility, expected to enhance production capacity by 20%, aimed at meeting rising demand. The company has secured new orders worth 150 Cr, bolstering its backlog and signaling strong customer confidence. Additionally, management noted improved efficiency metrics, with production costs...
Alicon Castalloy Limited reported its consolidated financial performance for the quarter and nine-month period ending December 31, 2024. Revenue has shown robust growth, reflecting a potential increase in demand driven by market expansion and operational improvements. The company recorded a total revenue of ₹XXX cr, marking a year-over-year growth of...