Kalyani Forge filed its annual report for FY26 and the notice for its 47th Annual General Meeting (AGM) with stock exchanges on August 31, 2026. The filing confirms the meeting date and outlines key resolutions for shareholder approval.

The Board of Directors has recommended a final dividend of ₹4 per equity share, subject to member approval at the AGM. This recommendation follows the company's financial performance for the fiscal year ended March 31, 2026.

Meeting Details

The 47th AGM is scheduled for Monday, September 21, 2026, at 11:00 am. The meeting will be held via Video Conferencing or Other Audio Visual Means (VC/OAVM), in compliance with Ministry of Corporate Affairs circulars permitting remote meetings.

Shareholders holding shares as of the cut-off date of August 21, 2026, are eligible to receive the annual report and participate in the proceedings. Remote e-voting is facilitated by MUFG Intime India Pvt. Ltd., with the voting window opening on September 18 and closing on September 20.

Agenda Highlights

The notice outlines specific items for shareholder consideration under ordinary business:

• Adoption of audited financial statements for FY26 along with reports from the Board and Auditors.
• Declaration of final dividend on equity shares for the fiscal year ended March 31, 2026.
• Re-appointment of Mr. Gaurishankar N. Kalyani as a director, retiring by rotation.

Special Business Resolutions

Members will vote on two special business items requiring ordinary resolutions:

1. Ratification of remuneration payable to M/s. R C K & Co., Cost Accountants, Pune, for conducting the cost audit for FY27. The approved fee is ₹1,25,000 excluding taxes and out-of-pocket expenses.
2. Approval for payment of commission to Non-Executive Directors and Independent Directors for FY26. The aggregate commission shall not exceed 1% of net profits calculated under Section 198 of the Companies Act, 2013.

Operational and Financial Context

The annual report highlights a strategic focus on profitability over volume. Revenue from operations remained stable at ₹234.64 crore, reflecting the deliberate phase-out of approximately ₹40 crore in low-margin, non-fit business. EBITDA rose to ₹31.58 crore, representing a margin expansion to 13.3% from 11.1% in FY25. Profit After Tax reached ₹9.32 crore, the highest in approximately 14 years.

What the Numbers Show

The stability in revenue alongside a significant rise in EBITDA margin indicates a successful portfolio rationalization strategy. By shedding low-margin legacy business worth ₹40 crore, the company improved its bottom line without expanding top-line growth, demonstrating enhanced operational efficiency and capital discipline.

Shareholder Compliance Updates

In a separate communication dated September 2, 2026, the company reminded shareholders that it is mandatory to furnish KYC details (PAN, bank account, email, mobile number, address, signature, and nomination) for securities held in physical form, as per SEBI Master Circular No. HO/38/13/(4)2026-MIRSDPOD/1/4298/2026 dated February 6, 2026.

Holders of physical securities who have not updated their KYC details will be eligible to lodge grievances or avail service requests only after furnishing complete documents. Furthermore, any payments including dividends, interest, or redemption amounts for such folios will be payable through electronic mode only, effective from April 1, 2024, upon submission of complete KYC documents.

Kalyani Forge 's Co-MD has set a 20% EBITDA margin target and announced ₹30 crore in capital expenditure. This expansion is underpinned by a ₹169 crore order book.

Capacity expansion and margin targets

The planned ₹30 crore investment is directed at scaling machining capacity to 300,000 units per month. This push to grow the manufacturing footprint is now explicitly linked to the company's existing order book of ₹169 crore, providing visibility for the capital deployment. The Co-MD has outlined the 20% EBITDA margin as a key profitability objective.

Key highlights

The following table summarises the key announcements made by Kalyani Forge's Co-MD:

• The Co-MD has set a 20% EBITDA margin as the profitability target.
• A ₹30 crore capital investment is planned to support capacity growth.
• Machining capacity is targeted to reach 300,000 units monthly following the investment.
• The expansion is backed by an existing ₹169 crore order book.