Krishanveer Forge shareholders approved a final dividend of ₹3.00 per equity share for FY26 during the company’s 36th annual general meeting held on September 18, 2026.

The meeting, chaired by Chairman Arun Jindal, also saw the reappointment of Whole Time Director Nitin Rajore and the induction of two new independent directors. The proceedings were conducted via video conferencing from the company’s registered office in Pune.

Key Resolutions Passed

The board proposed several ordinary and special resolutions for shareholder approval. All items of business listed in the notice dated August 5, 2026, were transacted successfully.

Governance and Compliance

The statutory auditors, M/s Gokhale, Tanksale and Ghatpande, confirmed that their report on the financial statements for the year ended March 31, 2026, contained no qualifications, reservations, adverse remarks, or disclaimers. Similarly, the secretarial audit report issued by Satish & Satish was unqualified.

Company Secretary Mahendra Samdole informed members that e-voting facilities were provided to all shareholders in compliance with SEBI Listing Regulations. The consolidated voting results and the scrutinizer’s report are expected to be disseminated through stock exchanges within two working days.

Management Commentary

Chairman Arun Jindal addressed the shareholders, highlighting the company’s overall performance during the financial year. He acknowledged the contributions of employees and stakeholders to the company’s operations in FY25-26. The CFO, Viralkumar Shah, and other board members were present to address queries raised by registered speakers during the session.

Krishanveer Forge has scheduled its 36th Annual General Meeting for September 18, 2026, to approve a final dividend of ₹3 per equity share for FY26. The meeting will also address significant board composition changes and related-party transaction approvals.

The company reported revenue from operations of ₹8,930.46 lakh and net profit of ₹1,137.72 lakh for the fiscal year ended March 31, 2026.

Board Appointments and Re-Appointments

Shareholders will vote on the re-appointment of Mr. Nitin Shyam Rajore as Whole Time Director for five years, effective December 1, 2026. His monthly remuneration is set at ₹6.5 lakh, plus perquisites including a driver’s salary and medical reimbursement.

The board also seeks approval for the appointment of two independent directors:

• Mr. Ravi Kapoor, an IIT Bombay alumnus with over 36 years of experience in finance and corporate strategy.
• Ms. Vijeta Subhash Kulkarni, bringing over 21 years of expertise in human resources and corporate governance.

Both appointments are for a five-year term commencing December 1, 2026.

Related Party Transactions

The AGM will seek omnibus approval for material related-party transactions with Western India Forgings Private Limited (WIFPL) and Western Heat and Forge Private Limited (WHFPL). The aggregate value of these transactions shall not exceed ₹33 crore until the next AGM.

WIFPL, the holding company, accounts for approximately 36.34% of the proposed transaction value. Transactions include the sale and purchase of raw materials, job work, and shared infrastructure services.

What the Numbers Show

The proposed related-party transaction limit of ₹33 crore represents a substantial operational dependency on the holding group. With WIFPL controlling 65.82% of equity and accounting for 98% of the approved RPT ceiling, the listed entity’s supply chain and service procurement remain tightly integrated with promoter-controlled entities.

Meeting Logistics

The AGM will be held via Video Conferencing/Other Audio Visual Means on September 18, 2026, at 11:30 am. The record date for dividend eligibility is September 11, 2026. Remote e-voting will be open from September 15 to September 17, 2026. Share transfer books will remain closed from September 12 to September 18, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE013J01016/16a73726-378e-408b-bfa6-e309a7889a77.pdf