Forbes Precision Tools and Machine Parts Limited held its 4th Annual General Meeting (AGM) on Wednesday, August 12, 2026, at 2:00 PM through Video Conferencing (VC)/Other Audio Video Means (OAVM) facility. The deemed venue of the AGM was the Registered Office of the Company.
Meeting Proceedings and Attendance
The meeting was chaired by Mr. Marzin Shroff, Chairman of the Board of Directors. Attendees included:
- Mr. Mahesh Tahilyani, Managing Director
- Mr. Marzin R. Shroff, Non-Executive Director and Chairman of Stakeholders Relationship Committee
- Mr. Jai Mavani, Non-Executive Director
- Mr. D Sivanandhan, Independent Director and Chairman of Nomination & Remuneration Committee
- Mr. Nikhil Bhatia, Independent Director and Chairman of Audit Committee
- Ms. Rupa Khanna, Company Secretary & Compliance Officer
- Mr. Vikram Nagar, Chief Financial Officer
Ms. Rani A. Jadhav, Independent Director, could not attend due to preoccupation. Representatives from statutory auditors Sharp & Tannan Associates, secretarial auditors Makarand M. Joshi & Co., and scrutinizer Mr. Harshvardhan Tarkas were also present through VC.
Voting Arrangements
E-voting was conducted through the National Securities Depository Limited (NSDL) system, commencing on Sunday, August 9, 2026, at 9:00 AM IST and ending on Tuesday, August 11, 2026, at 5:00 PM. Remote e-voting facility was also made available during the AGM for members who had not cast their votes earlier.
Resolutions Considered
Three ordinary resolutions from the Notice dated May 7, 2026, were put to vote:
1. Adoption of Audited Financial Statements for FY ended March 31, 2026, including Board of Directors' Report and Auditors' Report
2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026, with Auditors' Report
3. Re-appointment of Mr. Jai Mavani (DIN: 05260191) as Director who retires by rotation
4. Ratification of remuneration to Cost Auditor
Key Disclosures
- No qualifications in the Auditors' report on Standalone Financial Statements and Consolidated Financial Statements
- No qualifications in the Secretarial Auditors' report
- Registers required under Companies Act, 2013 were available for inspection at registered office
- Chairman delivered opening remarks on company operations and performance
- Members were given opportunity to express views and suggestions, with Managing Director responding to queries
Meeting Outcome
The meeting concluded at 3:16 PM. E-voting results along with consolidated Scrutinizer's Report will be announced within two working days after conclusion of the AGM and will be intimated to Stock Exchanges and uploaded on the company website and NSDL.