Forbes & Company News

Forbes & Company Q3FY26 Results: Profit Drops 66% YoY

Forbes & Company reported Q3FY26 net profit of ₹284 lakhs, down 66% from ₹840 lakhs in Q3FY25. Revenue declined 58% to ₹1,650 lakhs. Company announced key leadership changes including CFO appointment.

Forbes & Company Board Meet Set for Jan 30, 2026

Forbes & Company Limited has scheduled a Board of Directors meeting on January 30, 2026, to consider unaudited standalone and consolidated financial results for Q3 FY26 and nine months ended December 31, 2025.

Forbes Company Reports Mixed Q2 Results with Real Estate Revenue Growth

Forbes Company Limited announced its quarterly results for the quarter and half-year ended September 30, 2025. The company operates in two main segments: Coding and Industrial Automation, and Real Estate. Real estate revenue was Rs. 306 lakhs for the quarter and Rs. 1,112 lakhs for the half-year. The Board meeting was held on November 7, 2025, where unaudited standalone and consolidated financial results were approved. The results have been subject to limited review by statutory auditors Sharp Tannan Associates. The company continues to face challenges with Forbes Technosys Limited, which underwent corporate insolvency resolution process after the company lost control in March 2025. Forbes Bradma Optimark Private Limited became a wholly-owned subsidiary effective March 31, 2025, following termination of joint venture agreement with MACSA IDS.A.

Forbes & Company Limited Receives Rs. 8.19 Crore Income Tax Penalty Order for Assessment Year 2013-14

Forbes & Company Limited received an Income Tax Order imposing a penalty of Rs. 8,18,57,865 under Section 271(1)(c) of the Income Tax Act for Assessment Year 2013-14. The penalty was imposed for inaccurate particulars of income. The company received the order on September 25, 2025, from the Assessment Unit of the Income Tax Department. Forbes & Company considers the order entirely erroneous and arising from misinterpretation of facts. The company is filing a rectification application and appeal against the order. Forbes & Company does not expect any material impact on its financial, operational or other activities, stating it has a strong case on merits and is confident of succeeding in having the penalty quashed through rectification or appellate proceedings.