MM Forgings Reports Q2 Results; Announces Changes in Key Managerial Personnel
MM Forgings Limited has announced its unaudited financial results for the quarter ending June 30, 2026. The company also confirmed a change in its Key Managerial Personnel structure, noting the resignation of its Company Secretary and subsequent appointment of a new CS&CO.The Board of Directors approved the Unaudited Standalone and Consolidated Financial Results at a meeting held on August 14, 2026. These results represent both quarterly performance and significant organizational updates for the company.
Q2 FY26 Performance Overview
MM Forgings reported key financial metrics for the quarter ending June 30, 2026 (Unaudited). The financial statements, which were reviewed by the Statutory Auditors, indicate the following operational figures:| Metric | Consolidated (Q ended 30-06-2026) | Standalone (Q ended 30-06-2026) |
|---|---|---|
| Revenue from Operations | 40,989.63 Lakhs | 40,911.47 Lakhs |
| Total Income | 42,675.74 Lakhs | 42,701.08 Lakhs |
| Net Profit after Comprehensive Income | 9,042.45 Lakhs | 9,166.18 Lakhs |
| Basic Earnings Per Share (EPS) | 18.73 | 18.98 |
The company’s financial reporting includes comprehensive details across various periods and segments, as detailed in the attached financial statements. The management has also noted that the standalone financial results include a subsidiary merger transaction completed on April 1, 2024, where DVS Industries Private Limited merged with the company. This was recorded as a common control transaction, with the impact on the standalone results considered immaterial after restating information per Ind AS 103 requirements.
Personnel Changes and Appointments
The Board of Directors addressed significant changes within its Key Managerial Personnel (KMP) structure during the meeting.Shri. Chandrasekar S communicated his resignation from the post of Company Secretary and Compliance Officer (CS&CO) due to personal commitments, effective August 14, 2026. The Board took note of this departure.
In a related development, the Board approved the appointment of Shri. S. Muthukrishnan as the new Company Secretary and Compliance Officer (KMP), effective August 14, 2026, based on the recommendation from the Nomination and Remuneration Committee. Mr. Muthukrishnan is noted as a Fellow Member of the Institute of Company Secretaries of India, possessing over 18 years of experience in corporate secretarial and legal affairs.
The Board meeting commenced at 16:15 Hrs. (IST) and concluded at 19:30 Hrs. (IST).
MMFL Stock Price Movement
Shares of MM Forgings Limited slipped by 5.08% in post-market trading today, settling at ₹589.75 after the closing bell. The stock saw a total traded volume of 242,897 shares during the session.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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