Appointment of Internal and cost auditor for FY 2026-27

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Price reactionminutes from the announcement price · days from the prior close

-5.4%Reaction day

₹1452.00

prior close

₹1478.90

announcement price

After-mkt

timing

Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-5.5% vs market

Castings & Forgings peers, median of 21sector+0.1%-5.4% vs sector

On the reaction day the stock moved 5.5 pts less than Nifty Microcap 250 and 5.4 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-2.2

10m

-1.7

15m

-3.2

30m

-5.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.4+0.1-5.5+0.1-5.4

Next day

-5.0+1.7-6.7+0.5-5.5

-4.3+2.4-6.7+0.9-5.2

-2.2+2.4-4.6+2.0-4.2

-4.9+1.7-6.6-1.1-3.8

-2.2+0.6-2.8-0.7-1.5

-3.2+1.9-5.2+0.7-3.9

15d

-7.1+4.9-12.0+1.7-8.8

+7.1+8.9-1.8+4.6+2.5

+9.8+7.5+2.3+4.3+5.5

+51.8+13.6+38.2+13.6+38.2

UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 21Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Happy Forgings Limited held its Board meeting on May 21, 2026, approving multiple items. The company reported audited standalone and consolidated financial results for Q4 and FY 2026 with an unmodified opinion from S.R. Batliboi & Co. LLP. Total income for FY 2026 stood at Rs. 3,59,671.12 lakhs with profit after tax of Rs. 40,477.88 lakhs, showing strong performance. The Board recommended a final dividend of Rs. 4 per equity share for FY 2025-26, subject to shareholder approval. KPMG Assurance and Consulting Services LLP was appointed as Internal Auditor, while M/s Rajan Sabharwal & Associates was appointed as Cost Auditor for FY 2026-27. The company also approved expanding its solar power project capacity from 25 MW to 35 MW with investment increasing from Rs. 120 crores to Rs. 170 crores.

Likely market impact

The appointment of new auditors and re-appointment of directors indicates routine governance maintenance. Strong financial results with PAT growth and dividend recommendation are positive signals for shareholders. The expanded solar project demonstrates commitment to cost optimization through captive power generation.