Board recommends dividend @ Rs 4 per share subject to approval of shareholders in AGM

Results View source PDF Explain this filing

HAPPYFORGE · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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 the audited standalone and consolidated financial results for Q4 and FY2025-26. The statutory auditors S.R. Batliboi & Co. LLP issued an unmodified (clean) opinion on the financial results. The Board recommended a final dividend of Rs. 4 per equity share (face value Rs. 2) for FY2025-26, subject to shareholder approval at the AGM scheduled for July 27, 2026. Total equity grew from Rs 1,54,953.64 lakhs to Rs 2,12,327.64 lakhs year-over-year. Operating profit before tax increased from Rs 42,348.24 lakhs to Rs 47,899.01 lakhs. The company also approved increasing its solar power plant capacity from 25 MW to 35 MW for captive consumption, with investment rising from Rs 120 crores to Rs 170 crores. Key appointments include KPMG as Internal Auditor and Rajan Sabharwal & Associates as Cost Auditor for FY2026-27.

Likely market impact

The clean audit opinion and strong equity growth indicate financial health. The dividend of Rs 4 per share signals confidence in profitability. The expanded solar project demonstrates commitment to cost optimization through captive power generation.