EL Forge Limited , a Chennai-based company, has received approval from the BSE Limited for the reclassification of two individuals from its Promoter and Promoter Group category to the Public category. This move slightly alters the company's shareholding structure.

Reclassification Details

The BSE Limited granted approval for the reclassification on October 16, 2025, following EL Forge's application submitted on March 21, 2025. The reclassification involves two individuals:

Impact on Shareholding Structure

The reclassification has resulted in a minor shift in the company's shareholding pattern:

Regulatory Compliance

EL Forge Limited has complied with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 in seeking this reclassification. The company's Vice Chairman & Managing Director, K V Ramachandran, confirmed the receipt of the approval letter from BSE Limited.

This corporate action, while minor in terms of shareholding percentages, demonstrates EL Forge's commitment to maintaining transparency in its ownership structure and adhering to regulatory requirements.

EL Forge Limited , a leading manufacturer of steel forgings, has reported a robust 21.1% year-over-year increase in revenue for the first quarter, despite facing challenges in profitability. The company's financial results reveal a mixed performance with strong top-line growth but compressed margins.

Revenue Growth and Segment Performance

The company's revenue surged to ₹2,060.67 lakh, up from ₹1,702.24 lakh in the same quarter of the previous year. This growth was primarily driven by the strong performance of its forgings segment, which saw a 21.6% increase year-over-year. The total income, including other income, stood at ₹2,074.90 lakh for the quarter.

Profitability and Margins

Despite the impressive revenue growth, EL Forge faced challenges in maintaining its profit margins:

• Net profit declined by 14.5% to ₹39.28 lakh, compared to ₹45.92 lakh in the same quarter of the previous year.
• Earnings per share (EPS) dropped to ₹0.19 from ₹0.23 in the corresponding quarter.
• EBITDA margin contracted from 6.2% to 4.8%.
• Net profit margin decreased from 2.7% to 1.9%.

Balance Sheet Highlights

The company's balance sheet showed signs of growth and improved liquidity:

• Total assets grew by 4.2% to ₹4,087.20 lakh.
• Current assets rose by 15.7%, primarily due to increased inventories and trade receivables.
• The current ratio improved slightly to 1.69 from 1.65, indicating stable short-term liquidity.

Operational Performance

EL Forge's operational expenses saw significant increases:

• Cost of materials and services consumed rose to ₹1,203.32 lakh from ₹964.83 lakh.
• Employee benefits expense increased to ₹322.39 lakh from ₹266.66 lakh.
• Other expenses grew to ₹459.32 lakh from ₹450.29 lakh.

Management Commentary

K.V. Ramachandran, Vice Chairman and Managing Director of EL Forge Limited, stated in the company's filing, "The company has shown strong revenue growth, particularly in our core forgings segment. While we face some margin pressures due to increased operational costs, we are focusing on efficiency improvements to enhance profitability in the coming quarters."

Segment-wise Performance

The company's financial results reveal that the forgings segment continues to be the primary revenue driver:

Outlook

While EL Forge Limited has demonstrated strong revenue growth, the company faces challenges in maintaining profitability. The management's focus on operational efficiency and cost management will be crucial in the coming quarters to improve margins and bottom-line performance.

Investors and stakeholders will be watching closely to see how EL Forge navigates the balance between growth and profitability in the competitive steel forgings market.