Board in its meeting held on May 17, 2025, approves recommendation of Dividend for the year 2024-25 for the approval of members in ensuing Annual General Meeting.
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Krishanveer Forge Limited's Board met on May 17, 2025 and approved audited results for FY25 along with a final dividend of Rs. 2.50 per share (25%) on shares of Rs. 10 face value, subject to shareholder approval at the upcoming AGM. Revenue from operations dipped marginally to Rs. 82.80 crore from Rs. 83.62 crore in FY24, a decline of about 1%. However, profit after tax jumped to Rs. 5.64 crore from Rs. 3.99 crore, a growth of around 41%, and EPS rose to Rs. 5.15 from Rs. 3.65. The statutory auditor issued an unqualified (clean) opinion on the results. The Board also appointed M/s Satish & Satish as Secretarial Auditor for a 5-year term and updated the Insider Trading Policy in line with SEBI amendments.
Shareholders stand to receive Rs. 2.50 per share as dividend pending AGM approval, which is a positive return signal. The sharp jump in profit despite flat revenue indicates improving margins and cost control, which should be viewed favorably by investors, though the slight revenue dip and modest scale of the company are points to watch.