Forbes Precision Tools and Machine Parts Ltd — Others, 03-06-2025: AGM/EGM

Forbes Precision Tools and Machine Parts Limited has announced a board meeting on June 26, 2025, scheduled via video conference. The company’s 3rd Annual General Meeting will approve the financial results for the quarter and half-year. An interim dividend of ₹5 per share has been approved for FY 2025-26, with a record date set for May 2, 2025. M/s Kishore Bhatia & Associates has been appointed as Cost Auditors for FY 2025-26 with remuneration of ₹2.50 Lakhs, subject to members' ratification. M/s Makarand M Joshi & Co. is proposed as Secretarial Auditors for five years starting FY 2025-26, with an annual fee of ₹2 Lakhs, pending members’ approval. Mr. Marzin R. Shroff seeks reappointment as Director by rotation. No significant regulatory or legal issues impact the company’s going concern status. Internal financial controls and corporate governance processes are reported effective and compliant. The company remains net debt free after capital investments, with borrowings reflecting term loans linked to asset-backed facilities. The Precision Tools business, transferred from Forbes & Company Ltd via a scheme of arrangement, contributed ₹237 Cr total income with ₹28.7 Cr profit after tax for FY 2024-25. Investments in quality certifications and technology upgrades continue to support growth in export markets and domestic industries including Defence and Railways. CSR activities focus on health, education, and environment, with ₹39.78 Lakhs earmarked for ongoing projects from FY 2024-25.