Happy Forgings Limited has informed the Exchange that Board of Directors at its meeting held on May 17, 2025, recommended Final Dividend of Rs. 3 per equity share.
HAPPYFORGE · price
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Happy Forgings' Board met on May 17, 2025, and approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, with the statutory auditor (S.R. Batliboi & Co. LLP) issuing an unmodified opinion. On a standalone basis, total income for FY25 rose to Rs. 1,44,646.28 lacs from Rs. 1,37,159.12 lacs in FY24 (about 5% growth), while profit before tax was Rs. 27,243.17 lacs versus Rs. 26,308.31 lacs. The Board recommended a final dividend of Rs. 3 per equity share (face value Rs. 2) for FY25, subject to shareholder approval at the 46th AGM on July 29, 2025. It also approved the re-appointment of S.R. Batliboi & Co. LLP as statutory auditor (till the 51st AGM in 2030), and the appointments of a new secretarial auditor and cost auditor. Additionally, continuation of Mr. Paritosh Kumar as Chairman and Managing Director beyond age 70 was approved, subject to shareholder nod.
The final dividend of Rs. 3 per share offers a steady payout to shareholders, and the moderate revenue and profit growth reflect stable but unspectacular operating performance. Unmodified auditor opinion and no material negative disclosures keep the fundamentals in good standing for investors.