Amforge Industries Limited held a Board of Directors meeting on August 11, 2026, from 3:00 PM to 5:00 PM. The meeting addressed several key agenda items and resulted in multiple approvals.

Financial Results Approval

The Board considered and approved the Un-audited Financial Results for the first quarter ended June 30, 2026, as required under Regulation 33 of the SEBI Listing Regulations. The Limited Review Report for the same period was also taken on record.

Management Re-appointment

The Board approved the re-appointment of Mr. Jayesh Vinodchandra Thakkar (DIN: 03474967) as Managing Director for a period of 3 years, commencing from May 24, 2027, to May 23, 2030. This appointment is subject to approval by shareholders at the ensuing Annual General Meeting. Mr. Thakkar is a Chartered Accountant with over 25 years of experience in corporate finance, investments, treasury, accounts, and taxation. He has been associated with the company for more than two decades and is not related to any other director or key managerial personnel.

Auditor Appointments

  • Secretarial Auditors: The Board appointed M/s Hemanshu Kapadia and Associates, Practicing Company Secretaries (CP No. 2285, Mem No. F3477, PR No.: 1620/2021), a proprietary firm, as Secretarial Auditors for the financial year 2026-27. The firm is led by Mr. Hemanshu Kapadia, who holds qualifications including B.Com, LL.B., F.C.S., and is a member of the Indian Council of Arbitration (MICA).
  • Internal Auditors: The Board appointed M/s. J. Singh & Associates, Chartered Accountants (FRN: 110266W), as Internal Auditors for the financial year 2026-27. The firm was established on April 14, 1978, and has experience as Statutory Auditor, Forensic Auditor, and Management Consultant.

Financial Results Details

The Un-audited Financial Results for Q1 ended June 30, 2026, were enclosed with the disclosure:

  • Total Income: ₹98.72 lakh (consisting entirely of Other Income, as Revenue from Operations was nil)
  • Total Expenses: ₹61.75 lakh, comprising:
  • Employee Benefit Expenses: ₹9.63 lakh
  • Finance Cost: ₹7.40 lakh
  • Depreciation & Amortization: ₹12.18 lakh
  • Other Expenses: ₹32.53 lakh
  • Profit Before Tax: ₹36.97 lakh (compared to a loss of ₹48.56 lakh in the previous quarter ended March 31, 2026)
  • Tax Expenses: Nil (the company did not envisage any current tax liability for the quarter)
  • Net Profit for the Period: ₹36.97 lakh (compared to a net loss of ₹48.08 lakh in the previous quarter)
  • Earnings Per Share (Basic and Diluted): ₹0.26 per share (compared to a loss of ₹0.33 per share in the previous quarter)
  • Paid-up Equity Capital: ₹287.74 lakh (equity shares of face value ₹2 each)
  • Other Equity: ₹1,021.12 lakh

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the statutory auditors, BANKA & BANKA CHARTERED ACCOUNTANTS (ICAI Firm Reg. No. 100979W), who issued an unmodified limited review report. The report confirmed that nothing came to their attention to suggest material misstatement or non-compliance with disclosure requirements under Regulation 33 of the SEBI Listing Regulations.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. They will be filed with the Bombay Stock Exchange Limited (BSE) and made available on the company's website (www.amforgeindia.in) and BSE's website (www.bseindia.com).

Additional Notes

  • There are no reportable segments as per Ind AS-108.
  • Figures for the quarter ended March 31, 2026, are balancing figures between audited full-year figures and published year-to-date figures for the nine months ended December 31, 2025.
  • Previous period figures have been regrouped/rearranged for comparability.