Forbes & Company Limited has received a corporate credit rating of CRISIL BBB- with a Stable outlook from CRISIL Ratings Limited. The company announced this development through a regulatory filing to BSE Limited on December 31, 2025, in compliance with mandatory disclosure requirements.

Credit Rating Details

The rating assignment represents a significant milestone for the Mumbai-based company. CRISIL Ratings Limited has assigned the corporate credit rating, which is pronounced as "CRISIL triple B minus ratings with Stable outlook."

Regulatory Compliance

The disclosure was made under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform stock exchanges about material events including rating assignments or revisions. The filing was signed by Pritesh Jhaveri, Company Secretary and Compliance Officer, who holds membership number A51446.

Company Information

Forbes & Company Limited, incorporated in 1919, operates from Forbes' Building on Charanjit Rai Marg in Fort, Mumbai. The company trades on BSE with scrip code 502865 and security ID FORBESCO. The corporate filing included the complete copy of the Corporate Credit Rating document provided by CRISIL Ratings Limited as an enclosure to the exchange notification.

Forbes & Company Limited, a diversified conglomerate with interests in Coding and Industrial Automation and Real Estate, has announced its financial results for the quarter and half-year ended September 30, 2025. The company's performance reflects a mixed picture, with the Real Estate segment emerging as a key revenue driver.

Revenue Highlights

For the quarter ended September 30, 2025, Forbes & Company reported a total revenue of Rs. 2,381.00 lakhs, compared to Rs. 2,585.00 lakhs in the previous quarter. The Real Estate segment contributed significantly to this revenue, generating Rs. 967.00 lakhs for the quarter.

Segment Performance

Real Estate Segment

The Real Estate division has shown robust performance:

• Quarterly revenue: Rs. 967.00 lakhs
• Half-yearly revenue: Rs. 2,330.00 lakhs

The company recognized revenue of Rs. 306.00 lakhs for the quarter and Rs. 1,112.00 lakhs for the half-year from its real estate project, following the completion of certain milestones as per Ind AS 115.

Coding and Industrial Automation Segment

This segment also contributed steadily:

• Quarterly revenue: Rs. 846.00 lakhs
• Half-yearly revenue: Rs. 1,686.00 lakhs

Financial Performance

The company's profit before tax for Q2 FY2026 stood at Rs. 800.00 lakhs, showing an improvement from Rs. 453.00 lakhs in the previous quarter. The profit after tax for Q2 FY2026 was Rs. 604.00 lakhs, up from Rs. 397.00 lakhs in Q1 FY2026.

Other Developments

• The Board of Directors approved the unaudited standalone and consolidated financial results in a meeting held on November 7, 2025.
• Forbes Bradma Optimark Private Limited became a wholly-owned subsidiary effective March 31, 2025, following the termination of a joint venture agreement with MACSA ID S.A.
• The company continues to face challenges with Forbes Technosys Limited, which underwent a corporate insolvency resolution process after the company lost control in March 2025.

Management Commentary

Nirmal Jagawat, Whole-time Director of Forbes & Company Limited, stated, "Our Real Estate segment has shown resilience and continues to be a significant contributor to our revenue. While we face challenges in certain areas, we are focused on strengthening our core businesses and exploring new opportunities for growth."

Forbes & Company Limited remains committed to navigating the current market conditions and leveraging its diverse portfolio to drive sustainable growth in the coming quarters.