Happy Forgings Ltd

Happy Forgings Ltd. has dispatched letters to shareholders who have not registered their email addresses. These letters provide a web-link to access the Annual Report for the Financial Year 2025-26 and the Notice of the 47th Annual General Meeting (AGM). The AGM is scheduled for Monday, July 27, 2026, at 11:30 AM (IST) via Video Conferencing/Other Audio Visual Means. This action complies with Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also reminded shareholders to update their KYC details as per SEBI Master Circular dated May 07, 2024, and to dematerialize physical securities. Shareholders are encouraged to register their email IDs for online services and to receive important information.

Happy Forgings Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the financial year ended March 31, 2026. The report, filed as per SEBI regulations, details the company's performance across environmental, social, and governance (ESG) parameters. It covers corporate identity, business activities contributing 100% to turnover from manufacturing metal products, and 92% from steel forgings and finished machined crankshafts. The company operates 3 plants and 2 offices nationally, serving a pan-India market and contributing 15% from exports. Employee data shows a total of 714 employees and 3,220 workers, with a small number of differently-abled workers.

Happy Forgings Ltd has issued a notice for its 47th Annual General Meeting (AGM) scheduled for Monday, July 27, 2026, at 11:30 AM IST. The meeting will be conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). Key agenda items include the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, the declaration of a final dividend of ₹4 per equity share, the reappointment of Mr. Ashish Garg as Managing Director, and the ratification of remuneration for the company's Cost Auditors, M/s. Rajan Sabharwal & Associates. The company will also seek approval for the commission payable to its Independent Directors.

Happy Forgings Ltd has submitted its 47th Annual Report for the financial year ended March 31, 2026, in compliance with SEBI (LODR) Regulations, 2015. The report includes the Notice of the 47th AGM, Board's Report, Management Discussion & Analysis, Corporate Governance Report, Business Responsibility and Sustainability Report, Independent Auditors' Report, and Audited Financial Statements (Standalone & Consolidated). Key financial highlights for FY26 include Revenue from Operations of ₹1,546 Cr (9.8% YoY growth), EBITDA of ₹471 Cr (15.7% YoY growth), and Profit After Tax (PAT) of ₹302 Cr (12.8% YoY growth). Operational performance saw Finished Goods Volume at 63,105 MT (10.9% YoY growth) and Capacity Utilisation for Forging at 59%. The report also details the company's market capitalization of ₹10,908 Cr as of March 30, 2026, and a dividend of ₹4.00 per share. The 47th AGM is scheduled for July 27, 2026.

Happy Forgings Ltd has announced the closure of its trading window in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from Wednesday, July 1, 2026, until 48 hours after the board meeting to approve the financial results for the quarter ended June 30, 2026. The exact date of the board meeting will be communicated later. This measure is standard practice to prevent insider trading during the sensitive period of financial reporting.

Happy Forgings Ltd has released its standalone financial results for the quarter and year ended March 31, 2026. The results, audited by S.R. Batliboi & Co. LLP, are presented in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The auditor's report expresses an opinion that the financial results give a true and fair view of the company's net profit, other comprehensive income, and financial information for the specified period.

Happy Forgings Ltd reported strong Q4FY26 and FY26 results. Q4 revenue rose 20.4% YoY to ₹424 crore, driven by volume growth of 20.6%. EBITDA increased by 30.4% YoY to ₹133 crore, with margin expansion of 240 bps to 31.5%. FY26 revenue grew by 9.8% YoY to ₹1,546 crore, supported by a 10.9% volume increase. EBITDA for FY26 rose 15.7% YoY to ₹471 crore, with margin expansion of 157 bps to 30.4%. The company anticipates continued growth, supported by capacity expansion and export opportunities, despite potential raw material cost increases.

Happy Forgings Ltd will hold its 47th Annual General Meeting on July 27, 2026, via video conferencing. The record date for the final dividend payment is set for July 20, 2026. A final dividend of ₹4 per equity share of face value ₹2 is proposed for FY26, payable within 30 days of AGM. The remote e-voting period is from July 24-26, 2026, and the book closure period is July 21-27, 2026.

Happy Forgings Ltd has announced a record date of July 20, 2026, for the payment of a final dividend of ₹4 per equity share of face value ₹2 each for the financial year ended March 31, 2026. The dividend, recommended by the Board of Directors, will be paid within 30 days of the AGM to shareholders whose names appear in the list of Beneficial Owners or Register of Members as of the record date. The 47th AGM will be held on July 27, 2026, via video conferencing.

Happy Forgings Ltd's board approved increasing the capacity of its solar power project from 25 MW AC to 35 MW AC. The project, intended for captive consumption, sees its overall investment revised from ₹120 crores to ₹170 crores. The board also approved the audited financial results for the year ended March 31, 2026, recommended a final dividend of ₹4 per share, and approved the appointments of KPMG Assurance and Consulting Services LLP as Internal Auditors and M/s Rajan Sabharwal & Associates as Cost Auditors.