EL Forge Limited held its 90th Annual General Meeting on July 20, 2026, at its Registered Office in Chengalpattu District. Shareholders approved all seven resolutions with over 99.99% of the votes cast in favour. The meeting approved the audited financial statements for the year ended March 31, 2026, and reappointed Mr. V. Srikanth as Director, who retires by rotation. The statutory auditor's report on the financial statements contained no qualifications, reservations, or adverse remarks.

The company appointed Mr. K. R. Srihari as Executive Director (Operations) and Mrs. Ananya Srikanth as Executive Director (Engineering & Marketing). Additionally, Mr. S. Vasudevan and Mr. Niranjan Sivan were appointed as Independent Directors. Mrs. B. Venkatalakshmi was appointed as the Secretarial Auditor under Section 204 of the Companies Act, 2013, and Regulation 24A(1C) of SEBI LODR Regulations.

Remote e-voting was facilitated through National Depository Services (India) Limited from July 17, 2026, to July 19, 2026. Polling through ballot paper was available during the meeting for members who had not cast their votes prior. The requisite quorum was present, and the meeting concluded at 12:45 p.m. IST.

Resolutions Passed

Key Attendees

The meeting was chaired by Mr. V. Srikanth. Directors present included Mr. K. V. Ramachandran, Mr. K. R. Srihari, Mrs. Ananya Srikanth, Mrs. Shubha Ganesh, Mr. S. Balkrishnan, Mr. S. Vasudevan, and Mr. Niranjan Sivan. Key managerial personnel included Mrs. Sowmithri R (Company Secretary) and Ms. Sujeetha G (Chief Financial Officer). Mr. D. Venkatesan attended as the Statutory Auditor.

EL Forge Limited has submitted its Annual Report for the financial year 2025-26 along with the notice of its 90th Annual General Meeting (AGM) to BSE Limited on June 25, 2026. The AGM is scheduled to be held on Monday, July 20, 2026, at 12:00 Noon at the company's Registered Office located at 1A, Sriperumbudur High Road (Via) Singaperumal Koil, Appur Village, Kattangulathur Onrium, Chengalpattu District 603204. The Annual Report and AGM notice have been dispatched to shareholders with registered email IDs, and the report has also been posted on the company's website.

Financial Performance for FY 2025-26

EL Forge reported steady growth in its financial performance for the year ended March 31, 2026. Revenue from operations (forgings) increased to Rs. 8040.81 Lakhs from Rs. 7612.96 Lakhs in the previous year. Net profit after tax rose to Rs. 243.52 Lakhs from Rs. 229.78 Lakhs. The following table summarises the key financial results:

The material cost for the year was at 57.83% of the sale value. The company reported Basic and Diluted Earnings per Share (face value Rs. 10 each) of Rs. 1.20 for FY 2025-26, compared to Rs. 1.13 in FY 2024-25. The Board of Directors has not recommended any dividend for the year under report, and no amount has been proposed for transfer to general reserves, with the entire profit forming part of Retained Earnings.

Balance Sheet and Cash Flow Highlights

The company's total assets stood at Rs. 4078.49 Lakhs as at March 31, 2026, compared to Rs. 3922.08 Lakhs as at March 31, 2025. Shareholders' funds increased to Rs. 2721.27 Lakhs from Rs. 2477.75 Lakhs. The company reported no borrowings from banks or financial institutions during the year. The following table provides a summary of the balance sheet:

Net cash flow from operating activities for FY 2025-26 was Rs. 314.25 Lakhs, compared to Rs. 240.48 Lakhs in FY 2024-25. Closing cash and cash equivalents stood at Rs. 529.51 Lakhs as at March 31, 2026, versus Rs. 401.84 Lakhs in the prior year. Foreign exchange earned during the year was Rs. 128.97 Lakhs, while foreign exchange used was Rs. 5.33 Lakhs.

AGM Agenda and Key Resolutions

The 90th AGM will transact both ordinary and special business. The ordinary business includes adoption of audited financial statements for the year ended March 31, 2026 and the reappointment of Mr. V. Srikanth (Chairman), who retires by rotation and offers himself for reappointment. The special business items to be considered at the AGM are as follows:

For the appointment of Mr. K. R. Srihari as Executive Director (Operations), the approved salary is Rs. 350000 per month in the grade of Rs. 350000-30000-470000, along with a special allowance of Rs. 25000 per month and House Rent Allowance of Rs. 150000 per month. The same remuneration structure applies to Mrs. Ananya Srikanth as Executive Director (Engineering & Marketing).

E-Voting and Corporate Governance

Shareholders may exercise their voting rights electronically through NSDL. The e-voting period commences on Tuesday, July 17, 2026 (9.00 AM) and ends on July 19, 2026 (5.00 PM). The cut-off date for determining shareholder eligibility for e-voting is July 13, 2026. Mrs. B. Venkatalakshmi has been appointed as the Scrutinizer to oversee the e-voting process. During FY 2025-26, the company had 146 employees on its rolls. The company's shares are listed on BSE Limited. The promoter shareholding as on March 31, 2026 stood at 40.78% of total paid-up capital of 2,03,24,304 equity shares.