Kalyani Forge has informed the Exchange regarding Outcome of the Board Meeting held on May 25, 2026.
KALYANIFRG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kalyani Forge Ltd reported FY2026 results with revenue from operations at Rs. 23,464.47 lakhs, marginally down from Rs. 23,664.33 lakhs in FY2025 (~0.84% decline). However, profit after tax grew 11.1% to Rs. 931.74 lakhs from Rs. 838.48 lakhs, suggesting cost control or margin improvement. The Board recommended a dividend of Rs. 4 per share (40%). Critically, the statutory auditors (M/s Sanat Chitale) issued a Disclaimer of Opinion for the third consecutive year, citing unresolved issues: inventory valuation methodology still incomplete since prior years, unconfirmed trade receivables/payables, GST reconciliation gaps, and inadequate documentation of internal financial controls. The auditors stated they could not obtain sufficient appropriate evidence to form an audit opinion on the financial statements.
The repeated disclaimer of opinion by auditors for the third straight year is a serious red flag for investors, signalling weak internal controls and unreliable financial reporting. Revenue decline combined with unverified balances raises concerns about the accuracy of reported profitability, and the stock could face negative sentiment despite the PAT growth.