Samrat Forgings Limited has announced a board meeting to consider the financial results for the quarter and half-year.

The company reported total income from operations of Rs. 191.68 Cr and a net profit of Rs. 6.91 Cr before tax for the year ended, showing improvement from the previous year.

Smfg India Home Finance Co. Ltd, as a secured creditor, has issued demand notices to certain borrowers under the Securitisation Act due to non-payment of dues against mortgaged properties and retains rights to recover outstanding amounts through asset possession or legal proceedings.

This highlights ongoing credit risk management relevant for investors.