MM Forgings Limited — Board Meeting, 26-10-2024: Outcome of Board Meeting

MM Forgings Limited announced its Q2FY25 financial results, maintaining year-over-year sales despite industry slowdowns. Key highlights include total income of ₹397.91 crore and a PAT of ₹35.93 crore. The Board approved the amalgamation of its wholly-owned subsidiary, DVS Industries, with the parent company to streamline operations. The amalgamation is set for April 1, 2025, pending regulatory approvals. The company aims to enhance synergies and reduce compliance burdens through this merger.