Krishanveer Forge Limited has fixed September 11, 2026, as the record date for determining shareholder entitlement to the dividend for the financial year ended March 31, 2026. This action finalizes the eligibility criteria for investors seeking the recommended payout, ensuring clarity on who qualifies for the distribution ahead of the upcoming Annual General Meeting (AGM).

The Board of Directors approved the record date during a meeting held on August 05, 2026, in compliance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had earlier recommended a dividend of Rs.3.00 per equity share of Rs.10 each during its Board meeting on May 27, 2026. This recommendation is pending formal declaration by shareholders at the ensuing AGM.

Dividend Payment Timeline

If the dividend is declared at the AGM, payments will be processed on or before October 17, 2026. The payout will be subject to the deduction of tax at source (TDS) as applicable under prevailing laws. The disbursement process distinguishes between dematerialized and physical shareholdings:

• Demat Holders: Payments will be made to Beneficial Owners based on data provided by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as of the close of business on September 11, 2026.
• Physical Holders: Payments will be made to Members holding physical shares, after accounting for any valid transmission or transposition requests lodged with the company by the close of business on September 11, 2026.

Key Dates and Details

The company emphasized that the dividend recommendation remains subject to shareholder approval. Investors are advised to ensure their holdings are reflected in their demat accounts or registered addresses before the record date to avoid missing the payout window. The intimation was issued by Mahendra Ravso Samdole, Company Secretary and Compliance Officer of Krishanveer Forge Limited.

Krishanveer Forge Limited reported a net profit of ₹1.99 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 3.6% decline from ₹2.07 crore in the corresponding period of the previous year. Revenue from operations fell 6.4% year-on-year to ₹22.13 crore, reflecting softer demand or pricing pressures in its forging segment. The company’s total comprehensive income stood at ₹2.04 crore, while earnings per share (EPS) decreased to ₹1.825 from ₹1.893 in the prior year quarter.

The Board of Directors approved the unaudited financial results on August 5, 2026, following a limited review by statutory auditors Gokhale, Tanksale & Ghatpande. The results comply with Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are prepared in accordance with Ind AS 34. The Audit Committee reviewed the figures before their final approval by the Board.

Financial Performance Breakdown

Revenue from operations declined to ₹22.13 crore in Q1FY27 from ₹23.64 crore in Q1FY26. However, other income rose to ₹45.77 lakh from ₹32.72 lakh, partially offsetting the operational dip. Total income decreased marginally to ₹22.59 crore from ₹23.97 crore.

Profit before tax increased 6.0% to ₹27.56 lakh, aided by lower tax expenses due to deferred tax benefits. Current tax was ₹78.15 lakh against ₹62.41 lakh in the previous year, but deferred tax credits of ₹2.07 lakh helped reduce the effective tax burden.

What the Numbers Show

While revenue contracted, the company managed to improve pre-tax profitability through cost efficiencies. Total expenses fell 7.2% to ₹19.83 lakh, primarily driven by a significant reduction in inventory changes (₹33.92 lakh credit vs. ₹5.74 lakh credit previously) and lower cost of materials consumed. However, gas consumption costs rose 12.8% to ₹48.75 lakh, indicating potential input cost pressures that may impact future margins if not passed on to customers.

Corporate Actions and Governance

The Board fixed September 11, 2026, as the record date for determining entitlement to the FY26 dividend, subject to shareholder approval at the upcoming Annual General Meeting (AGM). The register of members will remain closed from September 12 to September 18, 2026.

The 36th AGM is scheduled for September 18, 2026, via Video Conferencing or Other Audio-Visual Means (OAVM). Remote e-voting will be open from September 15 to September 17, 2026. M/s. Satish & Satish has been appointed as the scrutinizer for the e-voting process under Regulation 44 of SEBI LODR Regulations, 2015.

New Independent Directors

Based on the Nomination and Remuneration Committee’s recommendation, the Board proposed the appointment of Mr. Ravi Kapoor and Ms. Vijeta Subhash Kulkarni as Independent Directors for a five-year term starting December 1, 2026. Both candidates have no relationship with existing directors and are not debarred by SEBI or any other authority.