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