Forbes & Company Limited has made two significant announcements following its Board of Directors meeting on August 6, 2025. The company revealed its unaudited financial results for the first quarter of the fiscal year 2026 and disclosed plans for a new real estate development in Thane, Maharashtra.

Q1 FY26 Financial Results

The Board of Directors of Forbes & Company Limited approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. These results were reviewed by M/s. Sharp & Tannan Associates, Chartered Accountants, the company's statutory auditors, who provided a Limited Review Report dated August 6, 2025.

New Real Estate Venture in Thane

In a strategic move to expand its real estate portfolio, Forbes & Company Limited announced plans to develop a new project in Thane, Maharashtra. The key details of this ambitious venture include:

• Land Parcel: The project will be developed on a 10,671 square meter (2.63 acres) plot in Thane.
• Project Components: The development is set to feature an Information Technology Park along with other complementary spaces such as retail, commercial, hospitality, and office areas.
• Regulatory Framework: The project will be developed under the IT/ITeS policy framework.
• Approval Status: The company emphasized that the project is subject to obtaining all necessary government, statutory, and other requisite approvals.

This new real estate initiative aligns with Forbes & Company Limited's strategic growth plans, potentially diversifying its revenue streams and strengthening its position in the real estate sector.

Corporate Governance

The Board meeting, which commenced at 12:00 noon and concluded at 2:10 p.m. on August 6, 2025, adhered to the regulatory requirements set by the Securities and Exchange Board of India (SEBI). In compliance with Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has made these announcements public.

Investors and stakeholders can access further details about these developments on the company's official website at www.forbes.co.in .

As Forbes & Company Limited embarks on this new real estate venture while maintaining transparency in its financial reporting, market observers will be keenly watching how these strategic moves impact the company's future growth and market position.

Forbes & Company Limited (FCL) has announced a strategic move to acquire the remaining 50% stake in its joint venture, Forbes Macsa Private Limited (FMPL), from Spanish partner Macsa ID, SA. This acquisition will transform FMPL into a wholly-owned subsidiary of Forbes & Company, potentially strengthening its position in the marking and coding solutions market.

Key Details of the Acquisition

The Board of Directors of Forbes & Company approved the acquisition during a meeting held on March 31, 2025. The company will enter into a Share Purchase/Transfer Agreement with Macsa ID, SA to acquire:

• 1,000,000 equity shares of INR 10 each, representing 50% of FMPL's entire issued and paid-up share capital
• 1,500,000 preference shares of INR 10 each, representing 50% of FMPL's preference shares

This transaction will effectively terminate the Joint Venture Agreement dated December 5, 2022, between Forbes & Company and Macsa ID, SA.

About Forbes Macsa Private Limited

FMPL, incorporated on December 9, 2022, specializes in providing permanent marking and coding solutions. The company offers a diverse laser product portfolio, including Fiber Lasers, CO2 Lasers, UV Lasers, and Green Lasers, with high-speed and integration capabilities.

Financial highlights of FMPL:

As of March 31, 2024, FMPL reported a net worth of Rs. 258.00 Lakhs.

Transaction Details

The acquisition is classified as a related party transaction, as FMPL is currently an associate company of Forbes & Company, with both entities holding 50% stakes. To ensure fairness, the transaction will be conducted based on a valuation report from an independent valuer and executed at arm's length.

Forbes & Company expects to complete the acquisition on or before March 31, 2025, though this date may be extended by mutual agreement between the parties.

Strategic Implications

This move by Forbes & Company aims to:

1. Safeguard the company's interests
2. Foster FMPL's future growth potential
3. Ensure a stable operational pathway
4. Gain complete control over the subsidiary
5. Streamline management and operational decisions

The company stated that there would be no material impact on its business as a result of terminating the Joint Venture Agreement.

Additional Board Decisions

In the same board meeting, Forbes & Company also approved the appointment of Mr. Sudhir Wakure as an Additional Director and Whole-time Director (Realty & Properties) for a five-year term, from April 5, 2025, to March 31, 2030, subject to shareholder approval.

As Forbes & Company moves to consolidate its position in the marking and coding solutions sector, this acquisition marks a significant step in its strategic growth plan. The company's shareholders and the market will be watching closely to see how this full ownership translates into operational synergies and financial performance in the coming years.