GARG FURNACE LTD.

Garg Furnace Ltd has announced that its Board of Directors will convene on November 14, 2026, to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The trading window for the company's equity shares will remain closed from October 1, 2026, until 48 hours after the declaration of these financial results.

Garg Furnace Limited's Board of Directors has approved the allotment of 13,98,000 warrants convertible into equity shares on a preferential basis. The issue price is ₹126.50 per warrant, aggregating to ₹17,68,47,000 (₹17.68 Crore). The company has received ₹4,42,11,750 (₹4.42 Crore) as warrant subscription price, representing 25% of the issue price. The warrants are convertible into equity shares of face value ₹10 each upon payment of the balance consideration. The allotment is to persons belonging to both promoter and non-promoter groups.

Garg Furnace Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from October 1, 2026, until 48 hours after the announcement of the unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2026. This restriction applies to promoters, directors, key managerial personnel, and designated employees, including their immediate relatives. The date for the board meeting to consider these financial results will be communicated separately.

Garg Furnace Limited has responded to an inquiry regarding its share price movement, stating that all necessary disclosures have been made in a timely and accurate manner as per SEBI regulations. The company confirmed that no material price-sensitive information has been withheld and will continue to make timely disclosures. The current share price fluctuation is attributed purely to market-driven factors and general market conditions.

Vaneera Industries Limited, a 51% subsidiary of Garg Furnace Limited, has successfully commissioned Phase-1 of its alloy steel forgeable billets manufacturing facility in Ludhiana, Punjab, effective August 21, 2024. This state-of-the-art facility marks a strategic move towards value-added products, aiming to improve realization and overall margins. The facility has a capacity of 1,00,000 MT per annum and targets key industrial segments like automotive, engineering, and railways. It offers premium quality, competitively priced billets as an import substitution and has export potential.

Garg Furnace Ltd has issued a corrigendum to its AGM notice dated August 29, 2026. The notice clarifies alterations to the explanatory statement regarding Item No. 05, which concerns the preferential issue of up to 13,98,000 warrants convertible into equity shares. The funds raised, up to ₹17.68 crore, will be used for capital expenditure, working capital, and general corporate purposes. The floor price for the convertible warrants is set at ₹126.15 per warrant, based on SEBI ICDR Regulations.

Garg Furnace Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated results during a meeting held on August 14, 2026. The company also submitted a limited review report from its statutory auditors, M/s Ashwani & Associates. The results were prepared in accordance with Indian Accounting Standards and comply with SEBI Listing Regulations. Previous period figures have been reclassified where necessary.

Garg Furnace Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the standalone and consolidated results in a meeting held on August 14, 2026. The company also submitted the limited review report from its statutory auditors, M/s Ashwani & Associates. The results were prepared in accordance with Indian Accounting Standards and comply with SEBI Listing Regulations. Previous period figures have been reclassified where necessary.

Garg Furnace Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda item for this meeting is the consideration and approval of the company's unaudited standalone and consolidated financial results for the financial year ended June 30, 2026. The trading window for the company's equity shares will remain closed from July 1, 2026, until 48 hours after the declaration of these financial results.

Garg Furnace Ltd has issued a notice for its 53rd Annual General Meeting (AGM) to be held on August 29, 2026, at 1:00 PM through physical mode. The company's Register of Members and Share Transfer Books will be closed from August 23, 2026, to August 29, 2026, inclusive, for the AGM. The agenda includes adopting financial statements, appointing a director, re-appointing cost auditors for FY27 with a remuneration of ₹25,000 plus expenses, and approving material related party transactions. Remote e-voting will commence on August 26, 2026, at 9:00 AM and conclude on August 28, 2026, at 5:00 PM. The cut-off date for e-voting eligibility is August 22, 2026.