Happy Forgings Limited has informed the Exchange regarding 'enhancement in solar power project'.
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 audited financial results for Q4 and FY2026 with an unmodified opinion from auditors. The company announced a final dividend of Rs. 4 per equity share (face value Rs. 2) for FY 2025-26, subject to shareholder approval at the July 27, 2026 AGM. The key highlight is the enhancement of the solar power project capacity from 25 MW AC to 35 MW AC, with investment revised from Rs. 120 crores to Rs. 170 crores for captive consumption. The company also re-appointed Ms. Megha Garg as Whole-time Director and Mr. Ravindra Pisharody as Independent Director, besides appointing KPMG as internal auditor and Rajan Sabharwal & Associates as cost auditor.
The solar power project expansion to 35 MW demonstrates the company's focus on reducing energy costs through renewable sources, which could improve long-term operational margins. The dividend declaration provides near-term shareholder returns. No material deviation in fund utilization was reported.