Ramkrishna Forgings Limited announced the outcome of its Board Meeting held on October 30, 2026. The company approved its unaudited financial results for the quarter and half-year ended September 30, 2026, alongside declaring a 1st interim dividend of ₹2 per equity share. Additionally, the board approved an increased investment of ₹56.76 crore in its joint venture, Ramkrishna Titagarh Rail Wheels Limited, and appointed two new Non-Executive Independent Directors.
Board Meeting Key Outcomes
Ramkrishna Forgings Limited’s Board of Directors convened on Friday, October 30, 2026, to consider and approve several key corporate actions. The meeting resulted in the approval of the company’s unaudited financial results (standalone and consolidated) for the quarter and half-year ended September 30, 2026, along with their respective limited review reports. Also approved were the unaudited statements of assets and liabilities and cash flow statements for the same period.
Interim Dividend Declared
A significant decision from the board was the declaration of the 1st interim dividend for the Financial Year 2026-27. Shareholders will receive a dividend of ₹2 (Rupees Two) per equity share, with a face value of ₹2 each. This dividend will be paid within 30 days from the declaration date, subject to TDS. The company also fixed Friday, November 6, 2026, as the record date for this dividend payment.
Strategic Investment in Joint Venture
The Board further approved an increase in investment limit by ₹56.76 Crores (Rupees Fifty-Six Crores and Seventy-Six Lakhs only) in its joint venture company, Ramkrishna Titagarh Rail Wheels Limited. This investment will be made through equity contribution in one or more tranches. The company holds a 51% stake in this joint venture, which is establishing Asia’s second-largest forged wheel manufacturing plant.
Director Appointments and MOA Alteration
In personnel and governance updates, the Board approved the appointment of Mr. Subir Chakraborty and Mr. Anurag Vohra as Non-Executive Independent Directors for a term of 5 years, effective October 30, 2026, subject to shareholder approval. The Board also approved an alteration in the object clause of the Memorandum of Association (MOA) to diversify into new business activities including semiconductors and aerospace applications. Amendments to the RKF Limited Employee Stock Option Scheme 2023 and approval of the Postal Ballot Notice were also among the decisions.
Policy Amendments
Several company policies were amended, including the Policy on Anti-Bribery and Anti-Corruption, Policy on preservation & archival of documents, Policy on prevention of sexual harassment, Policy For Determining of Material Subsidiary, and Corporate Social Responsibility Policy.
Meeting Details
The Board Meeting commenced at 2:30 P.M. (IST) and concluded at 4:00 P.M. (IST) on October 30, 2026. The intimation of these outcomes has been made available on the company’s website.
Source: BSE
