Forbes Precision Tools and Machine Parts Ltd

AGM details

• AGM held on 12 August 2026 at 2:00 PM via VC/OAVM.

Documents and results

• Voting results and scrutinizer report enclosed as Annexure I and II.

AGM Details

• AGM held on 12 August 2026 at 2:00 PM via VC/OAVM; deemed venue: registered office.
• Remote e-voting from Aug 9, 2026, 9:00 AM IST to Aug 11, 2026, 5:00 PM IST.

Key Resolutions

• Ordinary: adopt standalone and consolidated financial statements for year ended March 31, 2026.
• Ordinary: re-appointment of Jai Mavani by rotation.
• Ordinary: ratification of remuneration to Cost Auditor.

Voting Status

• Voting results to be announced within two working days after AGM.
• No results disclosed in the provided excerpt.

Auditors & Remuneration

• Cost Auditor remuneration to be ratified.
• Statutory auditors attended; no qualifications reported.

Date correction

• Corrigendum correcting board meeting outcome date from April 12, 2026 to August 12, 2026; other contents unchanged.

Dematerialisation status and listing

• No demat requests were received for the quarter ended 30 June 2026.
• Securities received for dematerialisation were confirmed to the depositories, and listed on exchanges where existing securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depository name substituted as owner within timelines.

Financials

• Revenue from operations: ₹25,101.13 Lakhs; Total income: ₹25,473.95 Lakhs.
• EBITDA: ₹5,666.77 Lakhs; PBT: ₹3,949.73 Lakhs; PAT: ₹2,877.30 Lakhs.
• EPS: ₹5.58; Interim dividend ₹5 per share; no final dividend.
• Net debt: ₹1,088.95 Lakhs; Debt/Equity: 0.10.
• End cash: ₹574.69 Lakhs; CFO ₹2,755.29; CFI ₹-1,839.18; CFF ₹-3,338.71.
• Labour Codes impact recognized: ₹590.00 Lakhs; ongoing assessment.

Business & Operations

• Single operating segment; TOTEM brand; precision cutting tools.
• Capex-driven capacity expansion; ~350,000 units added; drills & tooling upgrades.
• Exports resilient; Make in India focus; EMO Hannover & INDEXPO showcased.
• ISO 26000 adopted to strengthen governance and sustainability.

Dividends & Reserves

• Interim dividend of ₹5 per equity share paid; record date 2 May 2025.
• No final dividend declared for FY2025-26.
• Retained earnings: ₹11,698.76 Lakhs; paid-up capital: ₹5,159.45 Lakhs.

Capital Structure & Liquidity

• Non-current borrowings ₹1,072.10; current borrowings ₹414.97.
• Lease liabilities ₹176.57; total debt ₹1,663.64; cash ₹574.69.
• Net debt ₹1,088.95; debt-equity ratio 0.10.
• Credit rating IVR BBB/Stable; proposed facilities ₹40.54 Cr; short-term ₹10 Cr.
• 100% dematerialised; IEPF transfers of 6,52,612 shares; 913,688 shares in Suspense.

Governance & Compliance

• Board of six directors; 3 independent; Chair: Marzin R. Shroff; MD: Mahesh Tahilyani.
• Statutory auditor: Sharp & Tannan; Secretarial: Makarand M Joshi; no qualifications.
• Audit Committee: 3 members; four meetings; chair: Nikhil Bhatia.
• NRC: 3 members; one meeting in FY25-26; oversight of director remuneration.
• SRC: 3 members; one meeting; whistle-blower mechanism in place.

CSR & ESG

• CSR spend: ₹39.78 Lakhs; ongoing Vidyalaya school project.
• Unspent CSR: ₹53.83 Lakhs; to be utilized in forthcoming year.
• CSR policy and projects disclosed on company website.

Tax & Other Regulatory

• Tax expense: current ₹1,115.85; deferred ₹66.33; OCI tax ₹−21.40.
• Total income tax expense for continuing operations: ₹1,051.03 Lakhs.
• Contingent liabilities: Labour matter ₹16.81 Lakhs.

Board Resolution

• EGM on February 2, 2026, approved continuation of Mr. Sivanandhan Dhanushkodi as Independent Director.
• Resolution was a special resolution for continuation of directorship under SEBI Listing Regulations.
• No promoter or promoter group interest in the resolution.

Voting Outcome

• Total shares voted: 38,112,873 (73.87% of outstanding shares).
• Votes in favor: 99.9962%; votes against: 0.0038%.
• Resolution to continue Mr. Dhanushkodi as Non-Executive Independent Director was approved.

Shareholding and Governance Impact

• No changes to shareholding pattern or control resulted from this resolution.
• No other board or management changes reported.