Forbes & Company announced that Aslesha A. Gowariker, an Independent Director of the Company has on account of her other professional commitments tendered her resignation with effect from 12 June 2018.

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Forbes & Company announced that the Board of Directors of the Company at its meeting held on 28 May 2018, inter alia, have recommended the final dividend of Rs 2.5 per equity Share (i.e. 25%) , subject to the approval of the shareholders.

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Net profit of Forbes & Company declined 45.59% to Rs 22.77 crore in the quarter ended March 2018 as against Rs 41.85 crore during the previous quarter ended March 2017. Sales declined 28.45% to Rs 100.30 crore in the quarter ended March 2018 as against Rs 140.19 crore during the previous quarter ended March 2017.

For the full year,net profit declined 57.66% to Rs 40.90 crore in the year ended March 2018 as against Rs 96.61 crore during the previous year ended March 2017. Sales rose 10.28% to Rs 293.70 crore in the year ended March 2018 as against Rs 266.32 crore during the previous year ended March 2017.

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Net profit of Forbes & Company declined 34.42% to Rs 6.82 crore in the quarter ended December 2017 as against Rs 10.40 crore during the previous quarter ended December 2016. Sales rose 40.97% to Rs 63.93 crore in the quarter ended December 2017 as against Rs 45.35 crore during the previous quarter ended December 2016.

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