Forbes & Company Ltd

Audit firm conversion and ongoing engagement

• Statutory auditors Sharp & Tannan Associates converted to LLP per LLP Act 2008.
• Now named Sharp & Tannan Associates LLP, Chartered Accountants (FRN 109983W/W101313).
• There is no change in audit engagement; continue as Statutory Auditors for remaining tenure.
• Regulatory disclosure under SEBI LODR Regulation 30.
• Email confirmation dated October 12, 2026.
• Company Secretary Mehul Raval signs the communication on October 13, 2026.

Forbes & Company Limited: Trading Window closed from Oct 01, 2026 until the end of 48 hours after declaration of the unaudited financial results for the quarter ended Sept 30, 2026.

Svadeshi revival order

• High Court of Bombay, Sept 2, 2026, revived Svadeshi Mills; set aside earlier judgments.
• The Court accepted the revival proposal as conducive to commercial morality and public interests.
• Forbes holds about 22.70% equity in Svadeshi and is evaluating implications.
• Disclosure delayed due to internal legal review; no anticipated financial or operational impact.
• Company to obtain certified true copy of the Order.

Resolution overview

• Special resolution to approve payment of commission to Independent Directors up to 1% of net profits.
• If profits are inadequate, aggregate commission capped at Rs 60 lakhs.
• Board to decide quantum and payment methods; may execute related agreements.
• Remuneration in addition to sitting fees; no extra if profits exist.
• Cut-off date Aug 28, 2026; e-voting Sep 4–Oct 3, 2026; results by Oct 6.
• Scrutinizer appointed: Harshvardhan Tarkas, Practising Company Secretary.
• Resolution deemed passed on Oct 3, 2026 if approved; results announced.

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.