The Board of Directors of Ramkrishna Forgings Limited has recommended the reappointment of Mr. Chetan Rameshchandra Desai as a Non-Executive, Independent Director. The proposed term is for a consecutive period of five years, commencing on April 29, 2026. Mr. Desai, aged 75 years, is a seasoned Chartered Accountant with five decades of experience in corporate governance and accounting. The shareholders’ approval via Postal Ballot will be sought for this reappointment.
Board Approves Director Reappointment
Ramkrishna Forgings Limited announced the outcome of its Board Meeting held on Friday, March 27, 2026. The Board’s primary resolution was to recommend the appointment of Mr. Chetan Rameshchandra Desai (DIN 03595319) to the shareholders.
Details of the Proposed Appointment
- Director Name: Mr. Chetan Rameshchandra Desai
- Age: 75 years
- Position: Non-Executive, Independent Director
- Term Length: A consecutive term of five years
- Effective Date: Starting from April 29, 2026
- Retirement Liability: The director will not be liable to retire by rotation.
The company confirmed that the necessary declaration ensuring Mr. Desai is not debarred from holding directorial office has been duly obtained.
Profile of Mr. Chetan Desai
Mr. Desai is a highly experienced professional, being a Chartered Accountant with approximately 50 years in the fields of corporate governance, regulatory compliance, and corporate laws. He was associated with M/s. Haribhakti & Co. LLP (“HCO”) for over 39 years, where he led the audit and assurance practice and retired as its Managing Partner in 2018. Since then, he has served on the Boards of several companies as an Independent Director, bringing expertise derived from dealing with numerous multinationals and large corporates.
Shareholder Approval Process
To formalize this reappointment, the Board has approved issuing a Postal Ballot Notice to solicit the approval of the shareholders through a Special Resolution. The Board Meeting successfully commenced at 11:30 A.M. (IST) and concluded at 1:45 P.M. (IST) on the date of the announcement.
This disclosure, along with the detailed annexure information, has been made available on the company’s official website, www.ramkrishnaforgings.com.
Source: BSE
