Krishanveer Forge Ltd

Krishanveer Forge Limited — Trading Window closed from Oct 01, 2026 till 48 hours after declaration of Financial Results for the quarter ended Sep 30, 2026

AGM video recording and access

• 36th AGM held Sept 18, 2026 via VC/OAVM; recording uploaded on company site.
• Recording also available on YouTube for shareholders.
• Access under Corporate Announcements-Annual General Meetings-36th AGM.

Nitin Shyam Rajore — WTD Re-appointment

• Re-appointed as Whole-Time Director for five years from 01 Dec 2026; tenure ends 30 Nov 2031.
• Nitin Shyam Rajore profile: 45+ years in manufacturing; WTD since 2016.
• Not debarred by SEBI or authorities.
• Not related to any Director.

Ravi Kapoor — Independent Director Appointment

• Appointed Non-Executive Independent Director for first term five years from 01 Dec 2026.
• Ravi Kapoor: IIT Bombay Metallurgical Eng; JBIMS Finance; 36+ years in finance; ex-CFO and Director.
• Not related to any Director.
• Not debarred by SEBI or authorities.

Vijeta Subhash Kulkarni — Independent Director Appointment

• Appointed Non-Executive Independent Director for five-year term from 01 Dec 2026.
• Vijeta Kulkarni: 21+ years HR and governance; MSc Personnel Management; BCom; ESG/Nomination.
• Not related to any Director.
• Not debarred by SEBI or authorities.

AGM details

• Date/time/mode: 18 Sep 2026 at 11:30 AM via VC/OAVM.
• Record date: 11 Sep 2026.

Resolutions and outcomes

• Adopt Audited Standalone Financial Statements for FY 2026; passed.
• Declare dividend of Rs 3.00 per equity share; passed.
• Re-appointment of Nitin Shyam Rajore by rotation; passed.
• Re-appointment of Nitin Shyam Rajore as Whole Time Director; passed.
• Appointment of Ravi Kapoor as Independent Director; passed.
• Appointment of Vijeta Subhash Kulkarni as Independent Director; passed.
• Omnibus approval for material related party transactions; passed.

AGM Details

• AGM held on 18 September 2026 at 11:30 AM IST via VC/OAVM.

Key Resolutions

• Ordinary: Receive and adopt Audited Standalone Financial Statements.
• Ordinary: Declare dividend of ₹3.00 per equity share, subject to votes.
• Ordinary: Re-appoint Nitin Shyam Rajore by rotation, subject to votes.
• Special: Re-appoint Nitin Shyam Rajore as Whole Time Director, subject to votes.
• Special: Appoint Ravi Kapoor as Independent Director, subject to votes.
• Special: Appoint Vijeta Kulkarni as Independent Director, subject to votes.
• Ordinary: Omnibus approval for Material Related Party Transactions, subject to votes.

Auditors

• Statutory Auditor: Gokhale, Tanksale and Ghatpande; continued.
• Secretarial Auditor: Satish Kadroli; Scrutinizer for AGM.

Financial performance

• Revenue from operations Rs 8,930.46 lakh; prior year Rs 8,279.65 lakh.
• Net profit after tax Rs 1,137.72 lakh; up ~101.83% YoY.
• PBT Rs 1,456.42 lakh; PAT margin 12.56%.
• Earnings per share Rs 10.40; ROE 22.12%.

Operations and volume

• Domestic sales Rs 8,741.20 lakh; export Rs 189.26 lakh; total Rs 8,930.46 lakh.
• One-time land transfer gain of ~Rs 349–350 lakh boosted profits.
• 1MWp solar power plant commissioned; expected energy savings.

Dividends and capital allocation

• Final dividend Rs 3.00 per equity share for FY2025-26.
• Total dividend payout Rs 328.18 lakh; record date 11 Sep 2026.
• Dividend payable within 30 days of declaration.

Balance sheet and liquidity

• Equity share capital Rs 1,093.94 lakh; total equity Rs 5,143.58 lakh.
• Total debt Rs 1,705.97 lakh; debt-equity ratio 0.33.
• Cash and bank balances Rs 177.15 lakh; cash Rs 0.22 lakh; MF investments Rs 2,947.42 lakh.

Capital expenditure and assets

• Capital work-in-progress Rs 396.90 lakh; additions Rs 663.73 lakh.
• PPE total tangible assets Rs 4,678.11 lakh; Plant & Machinery Rs 4,073.48 lakh.
• Solar capex Rs 385 lakh; in pursuit of efficiency gains.

Governance and controls

• Statutory auditors: Gokhale, Tanksale & Ghatpande; unmodified report.
• Internal auditors: G R Patel & Associates; Secretarial: Satish & Satish.
• Board size 4; Independent Directors 2; no board changes during year.

Related party transactions

• Omnibus approval for material RPTs with Western India Forgings Pvt Ltd (WIFPL) and Western Heat & Forge Pvt Ltd (WHFPL).
• Aggregate RPT ceiling Rs 33 crore for KVFL with related parties.
• WIFPL holds 65.82% KVFL equity; WHFPL related by family/directorship links.

CSR and ESG

• CSR expenditure Rs 7.75 lakh; 2% of average net profit Rs 10.21 lakh.
• Projects: healthcare and education; NGOs engaged; budget approved.

Outlook and risks

• Industry outlook positive; Make in India and automation support growth.
• Risks include commodity price volatility and geopolitical developments; management focuses on cost optimization.

AGM Details

• 36th AGM on Sep 18, 2026 at 11:30 AM IST via VC/OAVM.
• Deemed venue: Registered office of the Company.
• Record date for dividend: Sep 11, 2026.
• Books close: Sep 12–18, 2026.
• Remote e-voting window: Sep 15–17, 2026.

Ordinary Business

• Adopt Audited Standalone Financial Statements for FY 2025-26.
• Declare dividend of Rs 3.00 per equity share.
• Re-appoint Nitin Shyam Rajore as Director (re-appointment after rotation).

Special Resolutions & Appointments

• Re-appoint Nitin Shyam Rajore as Whole Time Director for five years from Dec 01, 2026.
• Appoint Ravi Kapoor as Independent Director for five years from Dec 01, 2026.
• Appoint Vijeta Subhash Kulkarni as Independent Director for five years from Dec 01, 2026.
• Omnibus approval for Material Related Party Transactions with WIFPL and WHFPL up to Rs 33 crore.

Dividend & Record Details

• Dividend to be paid within 30 days of declaration to members on the record date.

Related Party Transactions

• Aggregate RPT ceiling with WIFPL and WHFPL up to Rs 33 crore.

AGM and governance updates

• 36th AGM on Sept 18, 2026 at 11:30 IST via VC/OAVM.
• Notice and Annual Report FY2025-26 emailed to members with registered emails.
• Physical copies to members without registered emails; AGM details on company/stock exchange sites.
• Book closure Sept 12-18, 2026 for AGM.
• E-voting via MUFG Intime; cut-off Sept 11, 2026; remote voting Sept 15-17, 2026.
• Dividend entitlement record date Sept 11, 2026, subject to AGM approval.
• AGM notice and Annual Report available on kvforge.com, BSE, and NSDL evoting portal.
• Attendance via VC/OAVM counted for quorum.