Kalyani Forge has informed the esteemed stock exchange regarding the outcome of the board meeting.
KALYANIFRG · price
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Kalyani Forge reported its Q1 FY26 (quarter ended June 30, 2025) unaudited standalone results. Revenue from operations rose to ₹6,413 lakhs from ₹5,674 lakhs in Q1 FY25 (about 13% YoY growth), while profit after tax jumped sharply to ₹141 lakhs from just ₹35 lakhs a year ago (roughly 4x YoY). Total expenses grew at a slower pace than revenue, helping profit before tax rise to ₹203 lakhs (vs ₹138 lakhs). EPS for the quarter came in at ₹3.87 versus ₹0.96 in the year-ago period. However, the statutory auditor M.P. Chitale & Co flagged several concerns: incomplete stock valuation methodology, unconfirmed trade receivables/payables balances, weak internal financial controls documentation, and pending GST reconciliations — and stated they could not obtain sufficient evidence to form a conclusion. The board also accepted the resignation of Company Secretary Ms. Rachana Agarwal and appointed Ms. Aishwarya Parwal in her place.
The strong earnings growth is a positive for shareholders, but the auditor's inability to conclude on the numbers — a qualified/disclaimer-type review — is a red flag that may weigh on investor confidence until pending reconciliations and stock valuation work are completed. The Company Secretary change is a routine governance update and is unlikely to materially affect the stock.