Appointment of Internal and cost auditor for FY 2026-27
HAPPYFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.
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.