Him Teknoforge Limited reported a 29.2% increase in net profit for the financial year ended March 31, 2026, rising to ₹1,261.19 crore from ₹975.80 crore in the previous year. Revenue from operations grew 8% to ₹43,522.66 crore, driven by the manufacturing of auto components. The Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 26, 2026.

Financial Performance

The company's total income for FY26 stood at ₹43,790.06 crore, compared to ₹40,700.29 crore in FY25. For the quarter ended March 31, 2026, net profit was ₹378.60 crore, while revenue from operations reached ₹11,954.35 crore. The statutory auditors, M/s PRA Associates, provided an unmodified opinion on the audited financial results prepared in accordance with Indian Accounting Standards (Ind AS).

Operational Highlights

The board also approved the re-appointment of internal auditors. During the year, the company exited its subsidiary, Himforge Rings LLP, and ceased the joint venture with M/s Dinamico Axles & Drive Wheels Private Limited. Consequently, the consolidation of financial results was not required. The company allotted 859,600 equity shares of ₹2 each at ₹175 per share, including a premium of ₹173, against the conversion of convertible warrants during the quarter ended March 31, 2026.

Compliance and Disclosures

The trading window for dealing in the equity shares of Him Teknoforge Limited, which was closed prior to the board meeting, will reopen 48 hours after the conclusion of the meeting. The financial results are available on the Bombay Stock Exchange website and the company's official website.

Him Teknoforge Limited has informed the stock exchanges about its decision to call off a joint venture agreement with Italian partners and consent to striking off the associated company from official records. The company made this disclosure on April 14, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Joint Venture Termination Details

The company had entered into a joint venture agreement with Italian counterparts, which led to the incorporation of Dinamico Axles & Drive Wheels Private Limited as the joint venture entity. Him Teknoforge had committed to subscribing to a 40% shareholding in this venture company, but no actual investment was made toward this commitment.

Striking Off Process

Given that the joint venture company has not commenced any significant business operations, Him Teknoforge proposed to apply for striking off its name from the records of the Registrar of Companies under the Companies Act, 2013. The company, in its capacity as a potential shareholder, has accorded its consent for this action by passing a board resolution through circulation on April 13, 2026.

Financial Impact Assessment

The termination and striking off process will have no financial impact on Him Teknoforge Limited, as confirmed in the company's disclosure. This is primarily because no investment or capital was infused by the company into the joint venture entity despite the original agreement to subscribe to 40% shareholding.

Regulatory Compliance

The disclosure was made to BSE Limited under the company's scrip code 505712, ensuring compliance with listing regulations. Him Teknoforge's registered office is located at Village Billanwali, Baddi, Himachal Pradesh, and the communication was signed by Company Secretary Himanshu Kalra on April 14, 2026.