Ganga Forging reports net loss of ₹365.38 lakh in FY26

Ganga Forging Limited reported a net loss of ₹365.38 lakh for the financial year ended March 31, 2026, compared to a net profit of ₹61.31 lakh in the previous year. Revenue from operations declined to ₹3561.64 lakh in FY26 from ₹4321.94 lakh in FY25. The Board of Directors approved the standalone audited financial results for the quarter and year ended March 31, 2026, on May 29, 2026.

Financial Performance

The company recorded a total income of ₹3578.78 lakh for the year ended March 31, 2026, down from ₹4344.87 lakh in the corresponding period last year. Total expenses increased to ₹3984.21 lakh from ₹4299.88 lakh in FY25. For the quarter ended March 31, 2026, the company reported a net loss of ₹46.27 lakh, compared to a net loss of ₹15.40 lakh in the same quarter of the previous year.

Metric	FY26 (₹ in Lakhs)	FY25 (₹ in Lakhs)
Revenue from operations	3561.64	4321.94
Total Income	3578.78	4344.87
Total Expenses	3984.21	4299.88
Net Profit / (Loss)	(365.38)	61.31

Assets and Liabilities

The total assets of the company stood at ₹6049.14 lakh as of March 31, 2026, compared to ₹5868.29 lakh as of March 31, 2025. Total equity and liabilities increased to ₹6049.14 lakh from ₹5868.29 lakh. Borrowings, comprising non-current and current liabilities, rose to ₹2010.63 lakh from ₹1658.21 lakh in the prior year.

Auditor's Report

M. N. Manvar & Co., Chartered Accountants, the statutory auditors, issued an unmodified opinion on the financial results for the year ended March 31, 2026. The auditors confirmed that the financial results give a true and fair view in conformity with the Indian Accounting Standards. The meeting commenced at 12:20 PM and concluded at 01:00 PM on May 29, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.80%	-2.37%	+2.07%	-30.42%	-38.40%	-70.94%

Ganga Forging Limited's board of directors has given the green light to a rights issue aimed at raising capital of up to ₹330 lakhs. The approval marks a significant step in the company's capital raising strategy, though the implementation remains contingent on several regulatory requirements.

Rights Issue Details

The board's decision to proceed with the rights issue demonstrates the company's commitment to strengthening its financial position through equity fundraising. The proposed capital raise of ₹330 lakhs will be executed through the rights issue mechanism, which allows existing shareholders to purchase additional shares in proportion to their current holdings.

Parameter:	Details
Fundraising Amount:	Up to ₹330 lakhs
Method:	Rights Issue
Status:	Board Approved
Pending Requirements:	Regulatory approvals and record date

Regulatory Framework and Next Steps

The rights issue implementation is subject to obtaining necessary regulatory approvals from relevant authorities. Additionally, the company must confirm the record date, which will determine the eligibility of shareholders to participate in the rights offering. These procedural requirements are standard for rights issues and ensure compliance with securities regulations.

Company Profile

Ganga Forging Limited operates in the castings, forgings, and fasteners sector, serving as a key player in the industrial manufacturing space. The company is classified as a small-cap stock with a current market capitalization of ₹41.65 crores, positioning it within the smaller end of the market spectrum.

The successful completion of this rights issue will provide the company with additional capital resources to support its business operations and growth initiatives, subject to the fulfillment of all regulatory requirements and procedural formalities.