Ramkrishna Forgings’ Board addressed the fine levied by stock exchanges for non-compliance regarding the number of board meetings held in Q1 2025. The board acknowledged the non-compliance, attributing it to factors beyond the company’s control. The fine, amounting to ₹10,000, has already been paid. The board has committed to ensuring better compliance moving forward.
Board Review of Non-Compliance
The Board of Directors of Ramkrishna Forgings convened on November 12, 2025, to address a matter of non-compliance raised by the National Stock Exchange of India Limited (NSE) and BSE Limited. The issue pertained to the insufficient number of board meetings held during the quarter ending June 30, 2025 (Q1 2025).
Details of the Fine and Explanation
As a result of this non-compliance, the stock exchanges imposed a fine of ₹10,000 on Ramkrishna Forgings. This amount has been duly paid by the company within the stipulated timeframe. The Board has clarified that the non-compliance was inadvertent and stemmed from circumstances outside of the company’s direct control.
Commitment to Future Compliance
The Board has affirmed that there was no malicious intent or willful disregard in the non-compliance. Furthermore, the company has emphasized its ongoing commitment to adhere to all applicable rules and regulations, assuring stakeholders of improved compliance practices in the future. The company states that it will ensure better compliance with all requirements.
Source: BSE
