StockWatch
·
Industrial Products
Clarification12 Aug 2026, 05:12 pm

Forbes Precision Tools Clarifies Board Meeting Date Error

AI Summary

Forbes Precision Tools and Machine Parts Ltd has issued a corrigendum to its board meeting outcome dated August 12, 2026. The company clarified that the date 'April 12, 2026' mentioned in the previous intimation was a typographical error and should have been 'August 12, 2026'. The board meeting held on August 12, 2026, approved the unaudited financial results for the quarter ended June 30, 2026, along with the limited review report. Additionally, an interim dividend of ₹5 per equity share for FY26-27 was declared, with August 18, 2026, fixed as the record date. The re-appointment of Mr. Mahesh Tahilyani as Managing Director for three years from April 1, 2027, was also approved.

Key Highlights

  • Corrigendum issued to correct a typographical error in a previous board meeting intimation.
  • Unaudited financial results for Q2 FY27 approved.
  • Interim dividend of ₹5 per share declared for FY26-27.
  • Record date for interim dividend set as August 18, 2026.
  • Mr. Mahesh Tahilyani re-appointed as MD for three years.