Happy Forgings Limited has informed the Exchange regarding Change in Director(s) of the company.
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, and approved several items. Key decisions include: (1) Audited standalone and consolidated financial results for Q4 and FY2026, with S R Batliboi & Co. LLP issuing an unmodified opinion — standalone net profit was Rs. 10,122.83 lakhs and consolidated net profit Rs. 10,124.40 lakhs for the year; (2) No deviation in fund utilization under Regulation 32; (3) Recommended final dividend of Rs. 4 per equity share (face value Rs. 2) for FY2025-26, subject to shareholder approval at the July 27, 2026 AGM with record date July 20, 2026; (4) Appointed KPMG Assurance and Consulting Services LLP as Internal Auditor and Rajan Sabharwal & Associates as Cost Auditor for FY2026-27; (5) Re-appointed Ms. Megha Garg as Whole-time Director for five years (Sept 2026–Sept 2031) and Mr. Ravindra Pisharody as Independent Director for a second term (June 2027–Nov 2030); (6) Increased proposed solar power plant capacity from 25 MW to 35 MW AC with revised investment of up to Rs. 170 crores from Rs. 120 crores.
The company delivered steady full-year results with clean audits and is rewarding shareholders with a dividend. The headline cited 'Change in Director(s)' but the filing only contains re-appointments of existing directors — no new appointments or resignations occurred. The expanded solar investment signals a cost-efficiency focus going forward.