Change in designation of Mr. Nirmal Jagawat from the position of Chief Financial Officer to Whole-time Director of the Company

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Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+2.1% vs market

Household Appliances peers, median of 20sector-0.6%+2.6% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 2.6 pts more than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Forbes & Company announced audited results for Q4 and FY25 (ended March 31, 2025). Revenue from operations rose to Rs. 19,684 lakhs (vs Rs. 12,345 lakhs in FY24), driven mainly by the Real Estate segment (Rs. 16,550 lakhs). Profit after tax grew to Rs. 2,693 lakhs (vs Rs. 2,034 lakhs), with EPS at Rs. 20.88 (vs Rs. 15.77). On the board changes, Mr. Nirmal Jagawat, who was the CFO, has been appointed as Additional Director and designated as Whole-time Director for three years (April 30, 2025 to April 29, 2028), subject to shareholder approval; he consequently ceases to be CFO. No new CFO has been named yet. Additionally, Makarand M. Joshi & Co. was appointed as Secretarial Auditor for five years (FY26–FY30), and Mr. Jagawat was named as an authorized KMP for materiality disclosures.

Likely market impact

Earnings show strong YoY profit growth led by the Real Estate segment, which is positive for shareholders. However, the CFO transition is a key governance point to watch, as no successor CFO has been announced. The internal promotion to Whole-time Director suggests continuity, but the gap at the CFO role is a near-term uncertainty.