Revised outcome of the Board Meeting held on 25th May 2026. Audit Report is enclosed to the revised outcome.
KALYANIFRG · price
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Kalyani Forge Limited has submitted revised audited financial results for Q4 and FY ended March 31, 2026, initially filed on May 25 without the audit report. The statutory auditor M.P. Chitale & Co. has issued a DISCLAIMER of opinion - the third consecutive year - citing four unresolved issues: incomplete stock valuation methodology making inventory quantities unascertainable; unreconciled trade receivables, payables, and bank balances; GST input tax credit and GSTR-1 sales reconciliation gaps; and inadequate internal financial control documentation. Financially, FY2026 revenue declined marginally to ₹23,464.47 lakhs (vs ₹23,664.33 lakhs), while PAT grew 11% to ₹931.74 lakhs (from ₹838.48 lakhs), with basic EPS at ₹25.60. The board recommended a dividend of ₹4 per share (40%).
The auditor's disclaimer of opinion for the third consecutive year signals material weaknesses in financial controls and record-keeping. Investors should be cautious as the company's financial statements lack audit assurance on inventory valuation, receivables/payables reconciliation, and GST compliance. PAT growth is positive but may be unreliable given audit limitations.