Forbes & Company Ltd

Standalone results

• Revenue from operations: Rs 1,276 Lakhs for quarter ended 30 June 2026.
• Total income: Rs 1,606 Lakhs for the quarter.
• Profit before tax from operations: Rs 346 Lakhs.
• Profit for the period: Rs 307 Lakhs; Basic and diluted EPS: Rs 2.38.
• Segment revenue: Coding & Industrial Automation Rs 696 Lakhs; Real Estate Rs 580 Lakhs.
• Segment PBT: Coding -69 Lakhs; Real Estate 353 Lakhs; total 284 Lakhs; unallocable income 76 Lakhs.

Consolidated results

• Consolidated revenue from operations: Rs 1,326 Lakhs.
• Consolidated total income: Rs 1,663 Lakhs.
• Consolidated PBT from continuing operations: Rs 410 Lakhs.
• Consolidated PAT from continuing operations: Rs 360 Lakhs.
• Consolidated segment revenue: Coding & Industrial Automation Rs 696 Lakhs; Real Estate Rs 631 Lakhs; total Rs 1,326 Lakhs.
• Consolidated EPS (continuing operations): Rs 2.83.

Notes on real estate revenue & auditor status

• Revenue from real estate project recognized per Ind AS 115: Rs 56 Lakhs in Q1 2026.
• Standalone and Consolidated results have been reviewed; no material misstatement observed.

Meeting Details

• Board meeting on August 14, 2026 to consider unaudited standalone and consolidated quarterly results.
• Time and venue not disclosed.

Key Agenda Items

• Approve unaudited standalone quarterly results for quarter ended June 30, 2026.
• Approve unaudited consolidated quarterly results for quarter ended June 30, 2026.
• Financial statements to be accompanied by Limited Review Report by Statutory Auditors.

Other Notes

• Trading window closed till 48 hours after results become generally available.

AGM details

• 107th AGM held July 31, 2026 at 11:30 AM via VC/OAVM.
• Deemed venue: registered office; e-voting July 28–30, with facility during AGM.

Resolutions

• Ordinary: adopt standalone and consolidated financial statements for FY2026.
• Ordinary: re-appoint Jai Mavani as director on rotation.
• Ordinary: ratify remuneration to Cost Auditor.

Voting results

• Remote and during-Meeting voting conducted; results to be announced within two working days.

Directors

• Jai Mavani to be re-appointed as director (rotation).

Auditors

• Remuneration of Cost Auditor ratified.

Dematerialisation processing status

• Dematerialisation requests for quarter ended 30 June 2026 were confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after due verification.
• Depository name substituted as registered owner in the records within prescribed timelines.

Financial performance

• Standalone revenue ₹8,519 L vs ₹21,280 L prior year
• Consolidated revenue ₹9,028 L vs ₹21,557 L prior year
• Standalone EBITDA ₹2,196 L; margin improved on cost controls
• Standalone PAT ₹1,472 L; PBT ₹1,852 L
• Consolidated PAT ₹1,341 L; OCI loss ₹1,071 L; CI ₹401 L

Segment performance

• CIAB revenue ₹3,885 L; Real Estate ₹3,927 L; inter-segment revenue ₹−198 L
• Total segment revenue ₹7,614 L; segment profit ₹2,360 L
• CIAB segment profit ₹142 L; Real Estate ₹2,218 L; add: equity/other effects ₹−249 L
• Profit before tax from continuing operations ₹1,818 L
• Discontinued operations contributed ₹9,385 L PBT in prior year; none in FY26

Real estate and key projects

• Vicinia project: Phase I & II towers completed; possession handed over; OC due Dec 2026
• Five flats remain unsold in Vicinia; majority inventory sold
• Wagle Estate IT Park: 6.2 lakh sq ft; change of use to IT/ITES approved
• Real estate revenue (standalone) ₹1,468 L in FY26 vs ₹14,463 L in FY25
• Investment properties fair value ₹65,346.29 L (Level 3) at 31 Mar 2026

Subsidiaries, associates and group structure

• Forbes Campbell Finance Limited: revenue ₹119 L; PAT ₹80 L; CIC status below ₹100 cr
• Forbes Bradma Optimark Private Limited: acquired 31 Mar 2025; net loss ₹51.09 L; positive net worth ₹29.77 L; going concern noted
• Forbes Technosys Limited: CIRP initiated; reclassified as discontinued; investments fully provided
• EFL Mauritius Limited: no material assets; in process of strike-off / conversion to equity
• Forbes Bumi Armada Limited: JV; revenue ₹7,937 L; PAT ₹441 L; 51% stake

Capital structure and liquidity

• Standalone debt-free; lease liabilities ₹598.39 L (non-current) plus ₹68.56 L (current)
• Consolidated net debt around ₹1.22–1.70 Cr (net cash) as of 31 Mar 2026
• Undrawn bank facilities ₹₹495 L available
• Equity share capital ₹1,289.86 L; total equity ₹19,936.53 L
• Cash flow from operations: standalone ₹(605.44) L; consolidated ₹(611.99) L

Governance and risk management

• Board of 6 directors; 3 Independent Directors; chairmanships as per SEBI LODR
• Jai L. Mavani reappointed; Nirmal Jagawat appointed Whole-Time Director w.e.f. 30 Apr 2025
• CFO changes: Jagannath Govale as CFO from 8 Apr 2026; Mehul Raval appointed Secretary w.e.f. 14 May 2026
• Audit Committee: 3 members, 5 meetings; no qualifications in reports
• Whistle Blower policy; Risk Management Committee in place; meetings held

CSR and ESG

• CSR expenditure for FY2025-26 ₹30.30 L; actual spent ₹0.85 L; ₹29.45 L unspent
• CSR ongoing project: reconstruction of Mahanagar Palika Kendriya Vidyalaya in Chh. Sambhajinagar
• CSR policy and projects disclosed on company website

Tax, audit and regulatory

• Income tax expense: current ₹279.41 L; deferred ₹197.58 L; prior year ₹79.26 L; total ₹476.99 L
• OCI tax impact ₹565.94 L (Net) for 2025-26
• Consolidated: notes on CIRP, going concerns, and related party disclosures
• AGM: 107th AGM on 31 July 2026; remote e-voting 28–30 July 2026; cut-off 24 July 2026
• Secretarial audit: no qualifications; compliance certificates issued