Amic Forging has re-appointed its internal and cost auditors for the financial year 2026-27. The Board of Directors approved the appointments during a meeting held on August 31, 2026, at its registered office in Kolkata.

The re-appointments follow recommendations from the Audit Committee. The Board also approved the remuneration for the cost auditors, subject to shareholder approval at the forthcoming Annual General Meeting.

Auditor Details

The company retained Kumar Sanjeev and Associates for internal audit duties. The firm is led by CA Sanjeev Kumar, who holds Firm Registration No. 328267E and possesses over 12 years of experience in accounts and audit.

For cost audit responsibilities, Amic Forging re-appointed Sohan Lal Jalan & Associates. The partnership firm, holding Firm Registration No. 000521, is led by senior partner Sohan Lal Jalan. He holds qualifications as a CA, CS, and CMA, with more than 40 years of industry experience.

Regulatory Compliance

The disclosures align with Regulation 30 read with Schedule III of the SEBI Listing Regulations. The Board meeting commenced at 3:30 pm and concluded at 5:00 pm on August 31, 2026.

Amic Forging reported a 20.5% decline in consolidated net profit to ₹2,827.16 lakh for the financial year ended March 31, 2026, despite a 16.8% rise in revenue from operations to ₹14,178.48 lakh. The company's statutory auditor, K. N. Gutgutia & Co., issued an unmodified opinion on the audited standalone and consolidated financial results, which were approved by the Board of Directors on May 30, 2026.

Revenue from operations for the year increased from ₹12,131.58 lakh in the previous year, while total income rose to ₹14,281.76 lakh. However, total expenses increased to ₹10,309.94 lakh from ₹9,659.93 lakh in the prior year, impacting the bottom line. Profit before tax for the year stood at ₹3,971.82 lakh, compared to ₹4,542.56 lakh in FY25.

Consolidated Financial Results

The company's financial performance for the half year ended March 31, 2026, and the full year ended March 31, 2026, is detailed below:

Standalone Performance

On a standalone basis, the company reported a profit of ₹2,827.71 lakh for FY26, down from ₹3,555.69 lakh in the previous year. Revenue from operations stood at ₹14,178.48 lakh, up from ₹12,131.58 lakh in FY25. The earnings per share (EPS) on a basic basis decreased to ₹26.78 from ₹33.90 in the prior year.

Balance Sheet and Cash Flows

The consolidated balance sheet as of March 31, 2026, showed total assets of ₹25,555.31 lakh, up from ₹15,268.37 lakh in the previous year. Shareholders' funds increased to ₹21,268.93 lakh, driven by a rise in reserves and surplus to ₹15,770.04 lakh and money received against share warrants at ₹4,394.15 lakh.

Cash and cash equivalents decreased to ₹677.36 lakh from ₹1,953.01 lakh at the end of the previous year. The net cash generated from operations was ₹886.18 lakh, while the company utilized ₹8,679.51 lakh in investing activities, primarily due to the purchase of property, plant, and equipment. Financing activities provided a net inflow of ₹6,517.68 lakh, largely from proceeds from the issue of equity shares and convertible warrants.