Annual Report for the Financial Year 2025-26

KRISHANVEER FORGE LIMITED CIN: L28910PN1990PLC056985 REGD. OFF.: OFF. NO. 511 TO 513, GLOBAL SQUARE, S. NO. 247, 14B, YERAWADA, PUNE-411 006 PHONE NO: 8956616160 | EMAIL: info@kvforge.com | WEBSITE: www.kvforge.com KVF/SEC/2026-27/66 August 25, 2026 The Manager, BSE Limited, Corporate Relationship Department, 1st Floor, New Trading Wing, Rotunda Building, P. J. Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 513369 Dear Sir / Madam, Sub: Regulation 34(1) - Submission of Annual Report for the Financial Year 2025-2026 along with the Notice of 36th Annual General Meeting Pursuant to Regulation 30 read with Schedule III and Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations 2015, as amended from time to time, we enclose herewith the Annual Report for the Financial Year 2025-2026 including the Notice of 36th Annual General Meeting (AGM) of the Company which is scheduled to be held on Friday, September 18, 2026 at 11.30 AM (IST) through video conferencing(“VC”)/ Other Audio/Visual Means (“OAVM”) in conformity with the regulatory provisions and Circulars issued by the Ministry of Corporate Affairs, Government of India from time to time. The cut-off date for e-voting is fixed on Friday, September 11, 2026, and remote e-voting commences on Tuesday, September 15, 2026, at 9.00 a.m. (IST) and ends on Thursday, September 17, 2026, at 5.00 p.m. (IST). Pursuant to the instructions in the applicable circulars issued by SEBI & MCA and Regulation 36 (1) (b) of the SEBI Listing Regulations, soft copies of the Annual Report 2025-26 are being sent on August 25, 2026 through email to the shareholders whose email ID is registered with the Company/RTA/Depositories and to those Members who have not registered their e-mail addresses with the Company/RTA/Depositories, a letter providing a web-link of the Annual Report 2025-26. The said Annual Report is also available at the website of the Company at www.kvforge.com Kindly take the same on your records. Thanking you, Yours faithfully, FOR KRISHANVEER FORGE LIMITED Mahendra Ravso Samdole Company Secretary & Compliance Officer Membership No. : A 58630 Encl.: As above FACTORY: GAT NO. 357, KHARABWADI, CHAKAN - TALEGAON ROAD, CHAKAN - 410 501, TAL. KHED, DIST. PUNE PHONE: 91(02135) 671400, 671424 36th Annual Report 2025-26 KRISHANVEER FORGE LIMITED 2025-26 36TH ANNUAL REPORT 36th Annual Report 2025-26 CORPORATE INFORMATION BOARD OF DIRECTORS REGISTERED OFFICE Chairman, Non-Executive Director Office No. 511 to 513, Global Square, S. No. 247,14B, Mr. Arun Krishankumar Jindal Yerawada, Pune, Maharashtra, India 411 006 Whole Time Director Phone: +91 8956616160 Mr. Nitin Shyam Rajore Email: secretarial@kvforge.com / invest@kvforge.com Independent Director Website: www.kvforge.com Mr. Ratanlal Tikaram Goel CIN: L28910PN1990PLC056985 Independent Director Ms. Sudha Santhanam FACTORY Gat No. 357, Kharabwadi, Chakan - Talegaon Road, Taluka KEY MANAGERIAL PERSONNEL - Khed, Pune, Maharashtra, India 410 501 Chief Financial Officer Phone: (02135) 671423 / 671424 Mr. Viralkumar Shah Email: info@kvforge.com Company Secretary and Compliance Officer BOARD COMMITTEES Mr. Mahendra Samdole Audit Committee Mr. Ratanlal Tikaram Goel (Chairman) STATUTORY AUDITORS Mr. Nitin Shyam Rajore (Member) M/s. Gokhale, Tanksale and Ghatpande Ms. Sudha Santhanam (Member) Chartered Accountants, Pune Nomination & Remuneration Committee INTERNAL AUDITORS Mr. Ratanlal Tikaram Goel (Chairman) M/s. G R Patel & Associates Mr. Arun Krishankumar Jindal (Member) Chartered Accountants, Pune Ms. Sudha Santhanam (Member) SECRETARIAL AUDITORS Stakeholders Relationship Committee M/s Satish & Satish Mr. Ratanlal Tikaram Goel (Chairman) Company Secretaries, Pune Mr. Arun Krishankumar Jindal (Member) Mr. Nitin Shyam Rajore (Member) SHARE TRANSFER AGENT MUFG Intime India Private Limited, Pune CONTENTS PAGE NO. (Formerly Link Intime India Private Limited) SEBI Registration No: INR000004058 Notice of 36th AGM 6-38 Website: https://in.mpms.mufg.com/ Statutory Reports: Board’s Report 39-58 BANKER IndusInd Bank Limited Management Discussion and Analysis 59-64 Corporate Governance Report 65-85 Independent Auditor’s Report 86-94 Financial Statement: Balance Sheet 95 Statement of Profit and Loss 96 Cash Flow Statement 97 Notes forming part of financial statements 98-132 36th Annual Report 2025-26 KRISHANVEER FORGE LIMITED Brief Introduction Krishanveer Forge Limited (KVFL), formerly known as Rajkumar Forge Limited and was established in 1990 and catering to Domestic and International market. During year 2016-17 Western India Forging Pvt Ltd. (WIFPL) tookover the majority of shares in the Company with a vision to become a leading manufacturer and supplier of high-quality forged components for diverse industries. The Company has been leveraging the scale, product and marketing expertise of WIFPL since change in management post takeover. Company caters to Open Die Forging; over the years, the Company has built a strong reputation for precision, reliability, and innovation in the forging sector. Through it’s commitment to excellence and continuous investment in advanced technology, KVFL expanded its product portfolio and clientele, catering to various types of industries which includes Gear & Transmission, Oil & Gas, General Engineering etc. The Company’s growth trajectory has been driven by a culture of quality assurance, stringent production processes, and a customer-centric approach. With state-of-the-art manufacturing facilities, skilled workforce, and a global presence, KVFL has established itself as a trusted partner for the client companies across the globe. In recent years, KVFL has focused on sustainability and automation, incorporating cutting- edge technologies to enhance production efficiency, reduce environmental impact, and improve the overall quality of its products. Some key unique abilities and strengths of the Company are: 1. Unique Open Die Forge Shop in the country with 1600T Zdas Press with 12T Manipulator 2. Capable of forgings up to 9 MT single forging weight of components & known for shaped & complicated Forgings 3. Supplying critical shaped components like Khuff block, ‘Y’ blocks, Studed Tees, GV Bodies, etc 4. In-house Heat treatment facility complying with API 6A requirement 5. Quality Management system with ISO 9001 certification from DNV 6. Approved ISO 14001 & ISO 45001 from DNV 7. In-house Mechanical and Hardness testing Lab which includes Tensile Testing, Impact Testing, Ultrasonic Testing, Magnetic Particle Testing, Dye Penetrant Testing, Micro and Macro Analysis etc. With a focus to compete the international market, the Company is pursuing registration with American Petroleum Institute (API) certification, which will further provide scope to penetrate in the international market. The API is a leading trade association that develops standards for the oil and natural gas industry. API certification signifies that a Company’s products and quality management systems comply with API standards. As KVFL continues its journey into the future, it remains committed to innovation, operational excellence, and creating value for its customers, stakeholders, and employees. 36th Annual Report 2025-26 Chairman’s Message Dear Valued Shareholders, The Financial Year 2025–26 marks another significant milestone in the journey of Krishanveer Forge Limited as we present our 36th Annual Report to our valued shareholders. Since its inception, the Company has consistently strived to enhance its capabilities, strengthen its market presence, and create sustainable value for all stakeholders. Backed by decades of industry experience and technical expertise, Krishanveer Forge Limited has emerged as a reliable player in the open die forging sector. Our success has been driven by a customer-centric approach, stringent quality stan- dards, and a continuous focus on innovation and operational efficiency. These strengths [Showing first 8,000 characters — download PDF for full document]