Revised outcome of the Board Meeting held on 25th May 2026. Audit Report is enclosed to the revised outcome.
KALYANIFRG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kalyani Forge Ltd has released revised Q4 and FY26 (ended March 2026) results after inadvertently omitting the audit report in the initial filing. For FY26, total income was Rs. 23,822.29 lakhs with Profit Before Tax of Rs. 1,437.14 lakhs (up 24% YoY) and Profit After Tax of Rs. 931.74 lakhs (up 11% YoY). EPS stands at Rs. 25.60. The Board recommended a dividend of Rs. 4 per share (40% on Rs. 10 face value), subject to shareholder approval at the AGM. CRITICAL: The Statutory Auditor (M.P. Chitale & Co.) has issued a DISCLAIMER OF OPINION for the third consecutive year due to: incomplete inventory valuation methodology, unreconciled trade receivables/payables/bank balances, incomplete GST and property records reconciliations, and inadequate internal financial controls documentation. Management claims no impact but the auditor could not obtain sufficient evidence to form any opinion.
The disclaimer of opinion is a serious red flag indicating fundamental weaknesses in the company's financial controls and record-keeping. While profitability improved, investors should be cautious as the audit report raises doubts about the reliability of reported financials. This filing replaces the initial May 25 outcome and regularizes disclosure requirements.