Nature of the Event

Forbes & Company Limited held its 107th Annual General Meeting (AGM) on July 31, 2026, at 11:30 AM IST through video conferencing/other audio visual means. The meeting was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI Master Circular dated January 30, 2026.

Key Figures and Dates

  • AGM Date: July 31, 2026
  • E-voting period: July 28, 2026 (9:00 AM IST) to July 30, 2026 (5:00 PM IST)
  • Meeting concluded at: 12:26 PM IST
  • Notice of AGM dated: May 14, 2026
  • Financial statements covered: Financial Year ended March 31, 2026

Parties Involved

Company Representatives:

  • Mr. Mahesh Tahilyani (Chairman of the Board)
  • Mr. Nirmal Jagawat (Whole-time Director)
  • Mr. Paras Savla (Independent Director, Chairman of Stakeholders Committee)
  • Mr. Jai Mavani (Non-Executive Director, DIN: 05260191)
  • Mr. Jagannath Govale (Chief Financial Officer)
  • Mr. Mehul Raval (Company Secretary & Compliance Officer, Membership No. A18300)
  • Ms. Bapsy Dastur (Independent Director, attended from Dubai)
  • Mr. Nikhil Bhatia (Independent Director, Chairman of Audit Committee, Nomination & Remuneration Committee, Risk Management Committee and Corporate Social Responsibility Committee)

External Parties:

  • M/s. Sharp & Tannan Associates (Statutory Auditors)
  • M/s. Makarand M. Joshi & Co. (Practicing Company Secretaries, Secretarial Auditors, and Scrutinizers)

Resolutions Voted On

1. Ordinary Resolution: Adoption of Audited Financial Statements for FY ended March 31, 2026, including:

  • Standalone Financial Statements with Report of Board of Directors and Auditors
  • Consolidated Financial Statements with Report of Auditors

2. Ordinary Resolution: Re-appointment of Mr. Jai Mavani as Director who retired by rotation

3. Ordinary Resolution: Ratification of remuneration to Cost Auditor

Meeting Proceedings

The Chairman confirmed that:

  • Quorum requirements under section 103 of Companies Act, 2013 were met
  • No qualifications in Auditors' report on Standalone and Consolidated Financial Statements
  • No qualifications in Secretarial Auditors' report
  • Members were given opportunity to express views and suggestions during the meeting
  • Chairman/Whole-time Director responded to queries raised by members

Voting Process

  • Remote e-voting was conducted through NSDL system
  • E-voting facility remained open for 15 minutes after conclusion of meeting
  • Combined results of voting and consolidated Scrutinizer's Report to be announced within two working days after AGM conclusion
  • Results will be intimated to Stock Exchanges and uploaded on company website and NSDL

Financial Impact

Financial impact not quantified in the disclosure. The meeting primarily addressed adoption of financial statements and director appointments.