Support and Resistance Levels
Past performance
About Forbes Precision Tools & Machine Parts Ltd Forbes Precision Tools & Machine Parts Limited, established in Mumbai on August 30, 2022, focuses on the manufacturing, trading, and servicing of engineering products and machine parts. The company caters to a diverse range of engineering and electrical products, including taps, drills, rotary burrs, threading and grinding tools, precision tools, and various machinery and equipment. It operates as a manufacturer, importer, exporter, buyer, seller, trader, distributor, and service provider.
In a strategic move, Forbes Precision absorbed the Demerged Undertaking of Forbes & Company Limited through a Scheme of Arrangement that became effective on March 1, 2024. As part of this arrangement, the company issued four fully paid equity shares for each share held by the shareholders of Forbes & Company Limited, resulting in 5,15,94,464 issued and allotted equity shares, with a weighted average equity dilution of 26,85,739 shares. This solidifies Forbes Precision's market presence and shareholder base.