Happy Forgings Limited has informed the Exchange that Board of Directors at its meeting held on May 21, 2026, recommended Final Dividend of Rs. 4 per equity share.
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Happy Forgings Limited's Board approved standalone and consolidated audited financial results for Q4 and FY 2025-26 with an unmodified opinion from S R Batliboi & Co. LLP. The Board recommended a final dividend of Rs. 4 per equity share (face value Rs. 2 each) for FY 2025-26, subject to shareholder approval at the AGM on July 27, 2026. Record date for dividend is July 20, 2026. Other approvals include appointment of KPMG as internal auditors and Rajan Sabharwal & Associates as cost auditors for FY 2026-27, re-appointment of Whole-time Director Ms. Megha Garg and Independent Director Mr. Ravindra Pisharody. The Board also expanded its solar power project capacity from 25 MW to 35 MW AC, increasing investment from Rs. 120 crores to Rs. 170 crores for captive consumption.
The dividend recommendation signals financial health and shareholder-friendly approach. The expanded solar project indicates focus on cost optimization through captive power generation. No fund utilization deviation noted provides additional comfort on capital deployment.