Happy Forgings Limited has informed the Exchange regarding Change in Auditors of the company.
HAPPYFORGE · price
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Awaiting price reaction for this filing.
Happy Forgings' board on May 17, 2025 approved audited standalone and consolidated results for Q4 and FY25 with an unmodified opinion from S.R. Batliboi & Co LLP. FY25 standalone revenue from operations stood at Rs. 1,40,889.47 lacs (vs Rs. 1,35,823.58 lacs in FY24), and profit after tax rose to Rs. 26,907.86 lacs from Rs. 24,913.11 lacs, with basic EPS at Rs. 28.40 vs Rs. 26.78. The board recommended a final dividend of Rs. 3 per share (face value Rs. 2) for FY25, subject to shareholder approval. S.R. Batliboi & Co LLP was re-appointed as statutory auditor for a second term of 5 years (till the 51st AGM in 2030), and new secretarial and cost auditors were appointed. The 46th AGM is scheduled for July 29, 2025 via video conferencing.
The results show steady year-on-year growth in revenue (~3.7%) and profit (~8%) with a consistent dividend, signaling financial stability. The re-appointment of the existing Big-4 auditor and continuation of the promoter-Chairman ensure continuity, with no governance red flags from this filing.