M.M.FORGINGS LTD.-$

MM Forgings Limited has announced the closure of its trading window for designated persons, including directors, promoters, and insiders, effective October 1, 2026. This restriction will remain in place until 48 hours after the declaration of the company's unaudited financial results for the quarter ending September 30, 2026. The specific date for the board meeting to approve these results will be communicated separately. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct.

MM Forgings Ltd announced its unaudited standalone and consolidated financial results for the quarter ended 30 June 2026. The Board of Directors approved these results following a recommendation from the Audit Committee. The company will publish extracts of the consolidated financial results in English and Tamil newspapers and upload the full results on its website and stock exchanges. The company also noted the resignation of its Company Secretary and Compliance Officer and approved the appointment of a new Company Secretary and Compliance Officer.

Consolidated revenue for Q1 FY27 came in at ₹409.90 Cr, up 13.4% YoY from ₹361.64 Cr but down 4.5% QoQ from a stronger Q4 FY26. Consolidated PAT was ₹34.17 Cr, up 78.1% YoY as reported — but excluding a ₹6.09 Cr prior-year tax-adjustment credit booked this quarter, adjusted YoY PAT growth is a more modest ~46.3%, still well ahead of revenue growth. Standalone numbers track closely: PAT ₹35.41 Cr, EPS ₹18.98, versus consolidated EPS ₹18.73; the ~3.6% standalone-consolidated gap reflects a small subsidiary-level drag. Sequentially, PAT fell 23.7% QoQ off Q4 FY26's high base. The margin story is more tax than operations: net margin expanded to 8.0% of total income from 5.2% a year ago, and PBT margin improved to 8.2% from 7.6%, but EBITDA margin was roughly flat at ~15.7% versus ~15.9% YoY — material, employee, and power costs grew broadly in line with revenue. The effective tax rate collapsed to 2.6% (₹0.90 Cr tax on ₹35.07 Cr PBT) from 30.7% a year ago, partly a one-off prior-year credit and partly a lower underlying rate this year. Separately, a ₹56.25 Cr exceptional item — undisclosed in nature — was added below PAT to produce comprehensive income of ₹90.42 Cr; this is not part of core profit and should not be read as operating PAT. Management's February 2026 concall guided FY27 revenue growth of roughly ₹300 Cr (~19%) on a US Class-8 truck recovery and a robust domestic CV cycle, alongside EBITDA/PAT margin improvement via product mix and cost cuts — targeting finance cost down to ₹55 Cr and ₹15 Cr of power savings for the full year, with FY27 capex of ₹150-170 Cr. Q1's 13.4% YoY revenue growth trails that implied run-rate, and this quarter's ₹16.27 Cr finance cost annualizes near ₹65 Cr, still above the ₹55 Cr FY27 target, so the interest-cost leg of guidance is not yet visible. A web search for Street estimates on this specific print turned up no consensus PAT/revenue figures, so the beat/miss call versus Street is unknown. No standalone management press release beyond the standard exchange filing was available in the context to cross-check company framing. Alongside results, the board approved a Company Secretary transition (Chandrasekar S resigning, S. Muthukrishnan appointed KMP effective 14 August 2026) — a governance item unrelated to financial performance. For the FY27 guidance story to look structural rather than tax-driven, coming quarters need to show EBITDA margin and finance-cost progress toward management's stated targets.

MM Forgings Ltd has announced a revision to its Board of Directors meeting date. Originally scheduled for August 7, 2026, the meeting has been postponed to August 14, 2026, due to unavoidable circumstances. The agenda includes the consideration and approval of unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Concurrently, the trading window for specified persons remains closed from July 1, 2026, to August 16, 2026, to prevent insider trading during the financial results announcement period. The approved financial results will be submitted to stock exchanges and published in newspapers as per SEBI regulations.

MM Forgings Ltd has announced that its Board of Directors will convene on August 7, 2026. The primary agenda item for this meeting is to consider and approve the unaudited standalone and consolidated financial results for the first quarter of the fiscal year 2027, ending June 30, 2026. Additionally, the board will discuss any other matters specified in the agenda. The company has also closed its trading window from July 1, 2026, to August 9, 2026, to prevent insider trading during the financial results announcement period.

MM Forgings Ltd has announced the Notice for its 80th Annual General Meeting (AGM), scheduled to be held on Saturday, August 8, 2026, at 3:00 PM IST. The meeting will be conducted virtually through video conferencing (VC) or 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 re-appointment of two directors retiring by rotation, and the ratification of remuneration for the Cost Auditor for the financial year 2026-27. The company has also made the AGM notice available on its website.

MM Forgings Ltd has submitted its Business Responsibility and Sustainability Report (BRSR) for the Financial Year 2025-26. The report details the company's operations, including its primary business of manufacturing forged products, which accounted for 93.42% of its turnover. The company serves a wide range of industrial segments across 36 states nationally and 16 countries internationally, with exports contributing 35.5% to its total turnover. The report also provides employee and worker statistics, highlighting a total of 1,844 employees and 2,972 workers as of the financial year-end. The BRSR is available on the company's website and has been filed with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

MM Forgings Ltd has announced its 80th Annual General Meeting (AGM) will be held on August 8, 2026, at 3:00 PM IST. The meeting will be conducted virtually via video conference or other audio-visual means. Shareholders will consider and adopt the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Additionally, the AGM will address the re-appointment of directors Smt. Sumita Vidyashankar and Shri. Ramnath Nagarajan, who are retiring by rotation. The remuneration paid to the Cost Auditor for FY 2026-27 will also be ratified.

MM Forgings Ltd has announced that its 80th Annual General Meeting (AGM) will be held on Saturday, August 8, 2026, at 3:00 PM IST. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The cut-off date for determining shareholders eligible to participate and vote is August 1, 2026. Remote e-voting will be open from August 5, 2026, at 9:00 AM IST, and will close on August 7, 2026, at 5:00 PM IST.

MM Forgings Ltd has announced an increase in its authorized share capital to ₹63,50,00,000, comprising 6,35,00,000 Equity Shares of ₹10 each. This adjustment follows an order from the Honourable NCLT approving the consolidation of the authorized share capital of DVS Industries Private Limited with MM Forgings Ltd, as part of their amalgamation. Consequently, Clause V of the Memorandum of Association (MOA) has been amended to reflect this increased capital. The updated MOA is available on the company's website. The share capital update in the company's master data is pending approval of Form INC-28 by the Ministry of Corporate Affairs.