Krishanveer Forge Limited has scheduled its 36th Annual General Meeting (AGM) for Friday, September 18, 2026. The meeting will commence at 11:30 am and will be conducted exclusively through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), without the physical presence of members at a common venue.

Regulatory Compliance and Logistics

The decision to hold the AGM remotely aligns with General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs (MCA). It also complies with Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, issued by the Securities and Exchange Board of India (SEBI). These circulars permit companies to conduct annual general meetings through virtual platforms until further orders.

Members attending the AGM via VC/OAVM will be counted toward the quorum under Section 103 of the Companies Act, 2013. The Notice of the 36th AGM and the Annual Report for the financial year 2025-26 will be made available on the company’s website and the stock exchange portal.

Shareholder Instructions

The company will dispatch the AGM notice and the Annual Report electronically to all members who have registered their email addresses with the company, its Registrar and Share Transfer Agent (RTA), or Depository Participants (DPs). For shareholders holding physical shares without registered email IDs, a physical communication containing the weblink and access path will be sent in accordance with Regulation 36(1)(b) of the SEBI Listing Regulations.

Shareholders are required to update their email ID, mobile number, PAN, and bank account details using Form ISR-1. Additionally, they must furnish nominations via Form SH-13 or opt out using Form ISR-3. Dividends for physical folios will only be credited after KYC details are updated, as mandated by SEBI guidelines effective April 1, 2024.

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. The advertisement containing the extract of the results was published in Financial Express and Loksatta on August 6, 2026, pursuant to Regulation 47 of SEBI LODR.

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.