HAPPY FORGINGS Share price

The Company was incorporated as ‘Happy Forgings Private Limited’ at Jalandhar Punjab as a private limitedcompany under the Companies Act 1956 pursuant to a certificate of incorporation dated July 2 1979 issued by the Registrar of Companies Punjab Himachal Pradesh and Chandigarh. Thereafter the Company was converted from a private limited company to a public limited company pursuant to a resolution passed in the EGM of the Shareholders held on March 31 1998 and the name of the Company was changed to ‘Happy Forgings Limited’ and a fresh certificate of incorporation dated April 1 1998 was issued to the Company by the Registrar of Companies Punjab Himachal Pradesh and Chandigarh.Major events and milestones of the Company :1979- Incorporation of the Company1995- Purchased heavy duty hammers for manufacturing at Kanganwal Facility II2006- Commencement of operations at Kanganwal Facility I2007- The revenue from operations of the Company crossed ?1000 million2008- Commissioned the first 8000 ton forging press2009- Commencement of manufacturing front steering parts by procuring axle arms- Installed model grinding technology used to manufacture fthe cylinder and six cylinder crankshafts2011- Ventured into new industries i.e. commercial vehicles farm equipments and industrial equipments2017- Commissioned the second 8000 ton forging press2018- Fund raised from India Business Excellence Fund – III- The revenue from operations of the Company crossed ?5000 million2019- Forayed into a new sector by manufacturing pinion shaft to cater to the manufacturers in the wind turbineindustry2021- Installed the third 8000 ton forging press line- Commencement of the operations at the Dugri Facility2022- Commencement of sale of front axle beam for electric buses to one of the customers catering in thecommercial vehicle industry- The long term bank facilities were assigned ‘AA-(Stable)’ rating each from CRISIL Ratings and ICRA Limited- Commissioned the first 14000 ton forging press line- Installed eight dedicated lines for manufacturing crankshafts