Annual Report for the Financial Year 2024-25
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Krishanveer Forge Limited submitted its 35th Annual Report for FY 2024-25 to BSE and notified shareholders of its 35th AGM to be held on September 19, 2025 via video conferencing. The company's revenue saw a marginal decline of 0.98%, but profit after tax grew 41.2% on the back of cost optimization and operational efficiency. The Board has recommended a dividend of ₹2.50 per share, totaling a ₹273.48 lakh payout. Shareholders will also vote on approving material related party transactions of up to ₹30 crore with holding company Western India Forgings Pvt Ltd and Western Heat and Forge Pvt Ltd over three years, and on appointing M/s Satish & Satish as new secretarial auditors for a five-year term.
Strong profit growth despite a slight revenue dip signals improved margins and operational discipline, supporting the dividend announcement. The RPT resolution and auditor appointment are routine but notable governance items that shareholders will vote on at the AGM.