Forbes & Company Ltd Share Price – NSE  /  BSE

Engineering, Small Cap

Following the scheme of arrangement between Forbes & Company (demerged company) and Forbes Precision Tools & Machine Parts (resulting company), the equity shares of the resulting company are listed on BSE and will be available for trading effectively 11 June 2024.

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Net profit of Forbes & Company declined 66.86% to Rs 3.39 crore in the quarter ended March 2024 as against Rs 10.23 crore during the previous quarter ended March 2023. Sales rose 673.36% to Rs 87.08 crore in the quarter ended March 2024 as against Rs 11.26 crore during the previous quarter ended March 2023.

For the full year,net loss reported to Rs 4.46 crore in the year ended March 2024 as against net profit of Rs 191.95 crore during the previous year ended March 2023. Sales rose 169.36% to Rs 125.90 crore in the year ended March 2024 as against Rs 46.74 crore during the previous year ended March 2023.

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Forbes & Company will hold a meeting of the Board of Directors of the Company on 29 May 2024

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Forbes & Company has fixed 07 March 2024 as record date for the purposes of determining the shareholders of Forbes & Company (demerged company) to whom the fully paid-up equity shares of Forbes Precision Tools and Machine Parts (resulting company) would be issued and allotted pursuant to the Scheme of Arrangement.

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