El Forge Ltd Holds 90th Annual General Meeting; Adopts Financial Statements and Approves Key Appointments
El Forge Limited held its 90th Annual General Meeting (AGM) on Monday, July 20, 2026. The AGM was conducted at the company's registered office in Sriperumbudur to transact various businesses as specified in the notice.The meeting commenced with a quorum being established, and the Chairman addressed the members present, along with the Board of Directors, Key Managerial Personnel (KMP), Auditors, and other invitees.
Financial Review and Auditor's Report
A key aspect of the AGM involved the review of the Audited Financial Statements for the financial year ended March 31, 2026. The Chairman informed members that the Auditor's Report on these statements contained no qualification, reservation, adverse remarks, or disclaimer, and consequently, the statements were taken as read.The company also provided information regarding remote e-voting, which was available to members between Friday, July 17, 2026, and Sunday, July 19, 2026. A polling facility via ballot paper was also made available during the AGM for members who had not cast their vote remotely.
Directors and Personnel Present at the AGM
The following personnel attended the meeting in capacities specified:| Role | Name |
|---|---|
| Chairman | Mr. V Srikanth |
| Vice Chairman & Managing Director | Mr. K. V. Ramachandran |
| Executive Director (Operation) | Mr. K.R. Srihari |
| Executive Director (Engineering & Marketing) | Mrs. Ananya Srikanth |
| Independent Director | Mrs. Shubha Ganesh |
| Independent Director | Mr. S. Balkrishnan |
| Independent Director | Mr. S. Vasudevan |
| Independent Director | Mr. Niranjan Sivan |
Key Managerial Personnel (KMP) present included Mrs. Sowmithri R, the Company Secretary, and Ms. Sujeetha G, the Chief Financial Officer. Statutory Auditor was Mr. D Venkatesan, and Secretarial Auditor and Scrutinizer was Ms. B Ventalakshmi.
Business Transacted at the AGM
The meeting conducted by Mr. V. Srikanth formally addressed several items of business as outlined in the notice dated June 4, 2026:| Item No. | Details of Agenda | Resolution Required |
|---|---|---|
| Ordinary Business | To receive, consider and adopt the Audited Financial Statements for the year ended March 31, 2026, the Auditors' Report, and the Directors' Report thereon. | Ordinary |
| 2. | To appoint a director in place of Mr. V. Srikanth (DIN00076856) who retires by rotation and is eligible for reappointment. | Ordinary |
| Special Business | Appointment of Mr. K. R. Srihari as Executive Director (Operations). | Special |
| 4. | Appointment of Mrs. Ananya Srikanth as Executive Director (Engineering & Marketing). | Special |
| 5. | Appointment of Mr. S. Vasudevan as Independent Director. | Special |
| 6. | Appointment of Mr. Niranjan Sivan as Independent Director. | Special |
| 7. | Appointment of Mrs. B. Venkatakshmi as Secretarial Auditor. | Ordinary |
After all items were transacted, members raised queries, which were answered by the Chairman and the Senior Management team. The meeting concluded at 12:45 p.m. (IST).
Stock Price Movement
As of 12:58, El Forge Ltd shares are ticking up at ₹19.22, climbing 2.89% in active trading. The stock has seen volatility throughout the session, bouncing between a low of ₹18.50 and an intraday high of ₹19.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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