Kalyani Forge Limited has informed the Exchange that Board of Directors at its meeting held on May 25, 2026, recommended Final Dividend of Rs. 4 per equity share.
KALYANIFRG · price
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.6 pts less than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kalyani Forge Limited reported FY2026 profit after tax of Rs. 931.74 lakhs, up 11.1% from Rs. 838.48 lakhs in FY2025. Revenue from operations was Rs. 23,464.47 lakhs, slightly lower than Rs. 23,664.33 lakhs in the prior year. The Board recommended a final dividend of Rs. 4 per equity share (40% on face value of Rs. 10), subject to shareholder approval at the AGM. EPS for FY2026 stood at Rs. 25.60 per share compared to Rs. 22.86 in FY2025. Notably, the statutory auditors issued a disclaimer of opinion citing unresolved issues with inventory valuation methodology, trade receivables/payables confirmations, GST reconciliations, and internal financial control documentation.
The 11% increase in PAT demonstrates operational improvement despite flat revenues. However, the third consecutive disclaimer of opinion by auditors raises red flags about financial statement reliability, which could concern risk-aware investors despite the positive dividend news.