Ramkrishna Forgings Limited has announced its financial results for the year ended March 31, 2026. The company has declared a 1st Interim Dividend of Re. 1 per equity share. Additionally, the Board has approved the re-appointment of Mr. Naresh Jalan as Managing Director for three years, effective November 5, 2026. Other key developments include the allotment of equity shares under the employee stock option scheme and updates to board committee compositions.
Financial Performance Overview
For the financial year ended March 31, 2026, Ramkrishna Forgings Limited reported a steady financial performance. The company has declared a 1st Interim Dividend of Re. 1/- per equity share (face value of Rs. 2/- each) for the fiscal year 2025-26. Shareholders can expect the dividend to be paid within 30 days, with May 8, 2026, set as the record date for eligibility.
Strategic Personnel and Governance Updates
The Board of Directors has approved the re-appointment of Mr. Naresh Jalan as the Managing Director for a term of three years, effective November 5, 2026. This reappointment is subject to shareholder approval at the upcoming 44th Annual General Meeting, which is scheduled for August 29, 2026, via video conferencing.
Furthermore, the Board has noted the completion of the second and final term of Independent Directors Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya, who will cease to be directors effective from the close of business hours on May 20, 2026. In light of these changes, the Board has reconstituted its Audit Committee, Nomination and Remuneration Committee, and Capital Market Committee, effective May 21, 2026.
Capital Expansion and Audits
The company has approved the issuance and allotment of 1,64,413 equity shares to the Ramkrishna Forgings Limited Employee Welfare Trust, priced at Rs. 556/- per share, to support the Employee Stock Option Scheme 2023. Additionally, Bijay Kumar & Co. has been appointed as the Cost Auditor for the 2026-27 financial year, pending shareholder ratification. The company also confirmed a revised Related Party Transactions Policy to ensure robust corporate governance standards.
Source: BSE
