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. The record date for dividend eligibility is September 11, 2026. Remote e-voting will be open from September 15 to September 17, 2026.

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. The proceedings are deemed to be conducted at the company's registered office in Pune.

Dividend Details and Record Date

The Board of Directors, in its meeting held on August 5, 2026, fixed Friday, September 11, 2026, as the record date for determining entitlement to the dividend for the financial year ended March 31, 2026. This aligns with the recommendation made in the May 27, 2026, board meeting, where a dividend of ₹3.00 per equity share of face value ₹10 each was proposed for shareholder approval at the AGM.

If approved, the dividend will be paid on or before Saturday, October 17, 2026. Payments will be made to beneficial owners holding shares in dematerialized form as per data from National Securities Depository Limited and Central Depository Services (India) Limited, and to members holding physical shares after valid transmission requests, as of the close of business on September 11, 2026.

Key Dates and Logistics

The register of members and share transfer books will remain closed from Saturday, September 12, 2026, to Friday, September 18, 2026 (both days inclusive). This book closure period facilitates the determination of shareholders eligible to vote and receive dividends.

Voting and Attendance

The company is offering an e-voting facility through MUFG Intime India Pvt. Ltd. (formerly Link Intime India Pvt. Ltd.). Members can vote remotely from Tuesday, September 15, 2026, at 9:00 am until Thursday, September 17, 2026, at 5:00 pm. The cut-off date for determining voting eligibility is Friday, September 11, 2026.

Members attending the AGM via VC/OAVM will be counted toward the quorum under Section 103 of the Companies Act, 2013. Detailed instructions for e-voting are included in the AGM notice.

Regulatory Compliance and Shareholder Instructions

The remote AGM format aligns with General Circular No. 03/2025 dated September 22, 2025, issued by the Ministry of Corporate Affairs (MCA), and Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, issued by SEBI. These regulations permit virtual meetings until further orders.

The AGM notice and Annual Report for FY26 will be emailed to members with registered email IDs. Physical communications containing weblinks will be sent to shareholders without registered emails, per Regulation 36(1)(b) of the SEBI Listing Regulations. Shareholders are advised to update their KYC details via Form ISR-1 and furnish nominations via Form SH-13 to ensure dividend credits.