Outcome of the Board Meeting held on May 27, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Krishanveer Forge Ltd reported strong audited financial results for FY2026 ending March 31. Revenue from operations grew 7.9% to Rs. 8,930.46 Lakhs from Rs. 8,279.65 Lakhs in FY2025. Profit after tax surged 101.8% to Rs. 1,137.72 Lakhs from Rs. 563.71 Lakhs, while Basic EPS doubled from Rs. 5.15 to Rs. 10.40. The Board recommended a final dividend of 30% (Rs. 3 per share), subject to shareholder approval at AGM. Exceptional items included a Rs. 349.07 Lakhs gain from land transfer and Rs. 74.95 Lakhs liability due to new Labour Codes. Mr. Nitin Rajore was re-appointed as Whole Time Director for 5 years from December 1, 2026, and M/s. G R Patel & Associates re-appointed as Internal Auditor for FY2026-27. Statutory auditors issued an unmodified opinion.
Strong profit growth and doubling of EPS are positive signals for shareholders. The 30% dividend payout demonstrates confidence in financial health, though declining operating cashflow warrants monitoring.