Amforge Industries Reports Q1 FY2025-26 Loss Amid Revenue Decline; Appoints New Auditors
Amforge Industries, a Mumbai-based industrial manufacturer, reported a net loss of Rs. 8.17 lakhs for Q1 FY2025-26, compared to a profit of Rs. 12.20 lakhs in the same quarter last year. Total income decreased by 23.8% to Rs. 49.57 lakhs. The company appointed M/s. J. Singh & Associates as Internal Auditors and M/s Hemanshu Kapadia & Associates as Secretarial Auditors for FY2025-26. Mr. Ajit Pandurang Walwaikar was re-appointed as a Non-Executive Independent Director for a five-year term, subject to shareholder approval. The 53rd Annual General Meeting is scheduled for September 18, 2025.
Amforge Industries Limited announced key corporate developments and Q1 financial results. The board reappointed Mr. Ajit Pandurang Walwaikar as Non-Executive Independent Director for a five-year term. Q1 financial results showed a total income of Rs. 49.57 lakhs and a net loss of Rs. 4.17 lakhs, compared to a profit in the same quarter last year. The board also approved the Annual General Meeting notice, and appointed Secretarial and Internal Auditors.