Forge Auto reports FY26 profit of ₹1,233.30 lakh

Forge Auto International Limited reported a profit after tax of ₹1,233.30 lakh for the financial year ended March 31, 2026, driven by revenue from operations of ₹27,018.89 lakh. The company's earnings per equity share (basic and diluted) stood at ₹11.29 for the year. The Board of Directors approved the audited consolidated financial results at a meeting held on May 28, 2026.

The company's total income for FY26 was ₹27,189.35 lakh, while total expenses amounted to ₹25,469.68 lakh. For the half-year ended March 31, 2026, the profit after tax was ₹631.61 lakh on a revenue of ₹13,633.06 lakh. The statutory auditors, Jasminder Singh & Associates, issued an independent audit report with an unmodified opinion on the standalone and consolidated audited financial results.

Financial Performance

The consolidated financial statements reflect the company's performance for the year. Key metrics include:

Particulars	Year Ended 31.03.2026 (₹ in Lakhs)
Revenue from operations	27,018.89
Total income	27,189.35
Total expenses	25,469.68
Profit before tax	1,719.67
Profit after tax	1,233.30
Earnings per share (Basic)	11.29

Strategic Acquisition and Fund Utilization

During the year, the company acquired 100% equity share capital of Forge Mach Auto Private Limited on August 27, 2025. Consequently, comparative results for the year ended March 31, 2025, were not prepared. The acquisition was funded through an investment of ₹2,40,10,000, as detailed in the auditors' report.

The company also confirmed the full utilization of proceeds from its initial public offering. A total of ₹3,110.40 lakh was raised through the issue of 28,80,000 equity shares. The funds were deployed as follows:

Object	Amount Disclosed (₹ in Lakhs)	Actual Utilised (₹ in Lakhs)
Working Capital	1,900.00	1,900.00
Repayment of Loans	500.00	500.00
General corporate Purpose	426.34	426.34
Issue Related Expenses	284.06	284.06
Total	3,110.40	3,110.40

The company confirmed that there was no deviation in the utilization of proceeds compared to the objects disclosed in the offer document. The certificate for IPO fund utilization was issued by Jasminder Singh & Associates on May 26, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.97%	-14.05%	+1.56%	-27.27%	+3.22%	-13.53%

Forge Auto International Limited has appointed M/s Harpriya Garg & Associates as its internal auditor for the financial year 2026-27. The Board of Directors approved the appointment during a meeting held on May 28, 2026, to ensure compliance with Section 138 of the Companies Act, 2013, and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The appointment is effective from May 28, 2026. M/s Harpriya Garg & Associates, a firm established in 2017 and based in Ludhiana, brings over eight years of professional experience in statutory, tax, and internal audits. The firm specializes in risk assessment, financial controls, and compliance management across diverse sectors.

Details of Appointment

The following table outlines the key details regarding the new internal auditor:

Sr. No	Details of events	Information of such event(s)
1.	Reason for Change	Appointment to comply with Section 138 of the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
2.	Date of Appointment	28 May 2026
3.	Brief Profile	A practising Chartered Accountant and proprietor of M/s Harpriya Garg and Associates, established in 2017, with over 8 years of experience. Expertise includes statutory, tax, and internal audits, risk assessment, and compliance management.
4.	Disclosure of relationships	Not Applicable.
5.	Term of Appointment	For F.Y. 2026-27

The Board meeting commenced at 02:00 P.M. and concluded at 05:30 P.M. The disclosure was submitted to the National Stock Exchange of India Ltd pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.