Happy Forgings Limited Announces Financial Results, Dividend Recommendation, and Solar Power Capacity Enhancement

Happy Forgings Limited Announces Financial Results, Dividend Recommendation, and Solar Power Capacity Enhancement​

Happy Forgings Limited announced the outcomes of its Board Meeting held on May 21, 2026, releasing the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The Board approved the results, which were issued with an unmodified audit opinion by the Statutory Auditors, S R Batliboi & Co. LLP.

The company also made key announcements regarding its governance, operational expansion, and dividend recommendations.

Financial Results and Audit Confirmation​

The Board of Directors approved the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The company confirmed that the Statutory Auditors issued reports carrying an unmodified opinion on the financial performance for the specified period.

The audited standalone financial statements reveal significant changes in the company's balance sheet position:


The Company’s total net cash flow from operating activities for the year ended March 31, 2026, was 44,469.54 lakh, compared to 23,358.63 lakh for the same period in the previous year.

Dividend and Corporate Governance Updates​

The Board of Directors recommended a final dividend of Rs. 4 (Rupees four only) per Equity Share, which has a face value of Rs. 2/- each, for the financial year 2025-26. This dividend payment is subject to the approval of the members at the ensuing Annual General Meeting (AGM).

On the governance front, the Board also finalized key appointments for the financial year 2026-27:

• Internal Auditor: KPMG Assurance and Consulting Services LLP was appointed as the Internal Auditor.
• Cost Auditor: M/s Rajan Sabharwal & Associates was appointed as the Cost Auditor for conducting the audit of cost records pertaining to steel products.

Furthermore, the Board approved the re-appointment of key directors:

• Ms. Megha Garg was re-appointed as Whole-time Director for a period of five years, effective from September 29, 2026, to September 28, 2031.
• Mr. Ravindra Pisharody was re-appointed as Independent Director for a second consecutive term, spanning from June 16, 2027, to November 15, 2030.

Expansion of Solar Power Capacity​

Happy Forgings Limited announced a significant enhancement to its captive power generation plans. Previously, the Board had approved a Solar Power Project of up to 25 MW for captive consumption, involving an investment up to ₹120 crores.

The Board subsequently approved enhancing the capacity of this project to 35 MW AC. Consequently, the total proposed investment for the Solar Power Project has been revised upward, from ₹120 crores to up to ₹170 crores.

Annual General Meeting and Record Dates​

The 47th Annual General Meeting (AGM) of the company is scheduled for Monday, July 27, 2026, at 11:30 A.M., to be held through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

The record date for determining the shareholders entitled to receive the final dividend and cast their vote through remote e-Voting/e-Voting at the AGM has been set as July 20, 2026 (Monday).


The company stated that the trading window will reopen 48 hours after the announcement of the results.

HAPPYFORGE Stock Price Movement​

Today, Happy Forgings Limited shares gained momentum, finishing at ₹1450.00, marking a solid 5.20% increase for the day. The stock traded within a range of ₹1370 to ₹1470, pushing strongly near its 52-week high of ₹1470 amid a robust volume of 157,730 shares.