Aditya Forge Limited’s board approved shifting the company’s registered office from Vadodara to Ahmedabad. The decision was taken during a meeting held on August 31, 2026.

The proposed move relocates the registered office within the same jurisdiction of the Registrar of Companies (ROC) Ahmedabad. The change is subject to shareholder approval.

Board Meeting Details

The Board of Directors convened at 5:00 pm and concluded at 5:30 pm on August 31, 2026. Nitin Rasiklal Parekh, Managing Director, signed the disclosure filed with BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company currently operates with its registered office in Vadodara, Gujarat. The new location will be in Ahmedabad, Gujarat.

Aditya Forge Limited reported a net profit of ₹13.05 lakh for the financial year ended March 31, 2026, a sharp decline of 98% from ₹699.34 lakh in the previous year, as the company recorded zero revenue from operations. The Board of Directors approved the audited standalone financial results on May 25, 2026. The company's total expenses for FY26 fell to ₹9.97 lakh from ₹586.36 lakh in FY25, driven primarily by a reduction in other expenses. Despite the profit, the company's net worth remained negative at ₹341.39 lakh, with negative reserves widening to ₹772.25 lakh from ₹785.31 lakh in the prior year.

The financial position shows total assets decreasing to ₹138.62 lakh as of March 31, 2026, from ₹227.03 lakh a year earlier. Cash and cash equivalents dropped significantly to ₹0.53 lakh from ₹36.92 lakh, while trade payables increased to ₹99.84 lakh from ₹73.08 lakh. For the quarter ended March 31, 2026, the company reported a net profit of ₹21.15 lakh, compared to a net loss of ₹106.59 lakh in the same quarter of the previous year. The quarterly profit was aided by a reversal of excess tax provision of earlier years amounting to ₹23.02 lakh.

Audit Qualifications and Compliance

Statutory auditors M A A K & Associates issued a qualified opinion on the financial results. The auditors stated they were not provided with balance confirmations or details for trade payables, loans, and advances receivable or payable shown in the books of accounts. Consequently, they were unable to confirm the balance and nature of these transactions. The auditors noted this is a repetitive qualification and recommended that the Board and Audit Committee prioritize establishing a formal process for periodic balance confirmations.

The company's management asserted that balance confirmations are pending due to procedural delays and claimed the matter would not affect the financials. However, the auditors disagreed, stating they could not concur with this assertion and warned that any misstatement in these balances could have a material impact on the financial position. The audit report also highlighted uncertainties relating to an income tax notice received by the company, for which no provision has been made.

Financial Performance Summary

The following table outlines the key financial metrics for Aditya Forge Limited for the financial year ended March 31, 2026, compared to the previous year: