Ramkrishna Forgings Limited announced a board meeting outcome on October 30, 2026. Key decisions include the declaration of a 1st interim dividend of ₹2 per equity share and the approval to diversify into designing and manufacturing for sectors like semiconductors, aerospace, and defense. The company also appointed two new Non-Executive Independent Directors, Mr. Subir Chakraborty and Mr. Anurag Vohra, for a term of five years.
Board Meeting Outcome: Financials and Dividends
At a board meeting held on Friday, October 30, 2026, Ramkrishna Forgings Limited’s directors considered and approved several key items. These included the un-audited financial results for the Quarter and Half Year ended September 30, 2026, along with related limited review reports. The board also approved the un-audited Statement of Assets and Liabilities and the un-audited Cash Flow Statement for the same period.
A significant declaration was the 1st interim dividend of ₹2/- (Rupees Two) per equity share for the Financial Year 2026-27. The dividend is set to be paid within 30 days of declaration, subject to TDS. The Record Date for this dividend has been fixed as Friday, November 6, 2026.
Strategic Expansion into New Sectors
The board also approved an alteration to the company’s Memorandum of Association (MOA) to explore new business activities. This includes the designing, developing, and manufacturing of products, systems, and solutions for semiconductors, aerospace applications, drones defense, and other related technologies, either directly or through subsidiaries. This move signifies a strategic diversification for the company.
Appointments and Corporate Governance
In a move to strengthen its board, Ramkrishna Forgings appointed Mr. Subir Chakraborty (DIN: 00130864) and Mr. Anurag Vohra (DIN: 10253815) as Non-Executive Independent Directors. Their appointments are for a term of five consecutive years, effective from October 30, 2026, subject to shareholder approval. Both directors have extensive experience in their respective fields.
Other Key Approvals
Further resolutions passed include the amendment to the RKF Limited Employee Stock Option Scheme 2023, a postal ballot notice to seek shareholder approval, and an additional investment of ₹56.76 Crores in the joint venture company, Ramkrishna Titagarh Rail Wheels Limited. The company also approved amendments to several internal policies, including those on Anti-Bribery, prevention of sexual harassment, and material subsidiary determination.
Source: BSE
