Outcome of the Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Amforge Industries' board approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) on August 11, 2025. Revenue from operations fell to Rs. 49.57 lakhs, down from Rs. 65.06 lakhs in the same quarter last year, a decline of roughly 24%. The company swung to a net loss this quarter compared with a net profit of Rs. 12.20 lakhs in Q1 FY25, resulting in basic EPS of Rs. (0.03). The statutory auditor (Banka & Banka) issued an unmodified limited review opinion, with no qualifications or emphasis of matter. The board also approved the re-appointment of Mr. Ajit Pandurang Walwaikar as an independent director for a second five-year term, appointed new secretarial and internal auditors for FY25-26, and fixed September 18, 2025 as the date for the 53rd AGM.
The year-on-year revenue drop and return to quarterly losses are negatives for shareholders and could pressure the stock price in the near term. However, the clean auditor opinion and routine governance approvals (director re-appointment, auditor changes) suggest no major governance red flags.