Ramkrishna Forgings Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. Along with the financial declaration, the Board approved a 1st interim dividend of ₹1.00 per share. Key strategic decisions included the issuance of new equity shares to the company’s employee welfare trust, the appointment of a new cost auditor, and a leadership transition within the Board of Directors.
Financial Performance and Shareholder Returns
The company has released its audited standalone and consolidated financial results for the year ending March 31, 2026. The board has also declared a 1st interim dividend of ₹1.00 per equity share, based on a face value of ₹2.00. The record date for determining the eligibility of shareholders to receive this dividend is set for Friday, May 8, 2026.
Strategic Allotment and Equity Growth
In accordance with the Employee Stock Option Scheme 2023, the Board approved the issuance and allotment of 1,64,413 new equity shares to the Ramkrishna Forgings Limited Employee Welfare Trust. These shares were issued at a grant price of ₹556.00 per share. Following this allotment, the company’s total number of shares held increased from 18,16,70,604 to 18,18,35,017, further strengthening the company’s capital structure.
Leadership Transitions and Governance
The company announced significant changes to its Board composition, noting the cessation of Independent Directors Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya, effective May 20, 2026, upon the completion of their second terms. Consequently, the Board has reconstituted its Audit, Nomination and Remuneration, and Capital Market Committees, effective May 21, 2026.
Additionally, Mr. Naresh Jalan has been re-appointed as the Managing Director for a further period of three years, effective November 5, 2026, subject to shareholder approval. The company has also appointed Bijay Kumar & Co. as the Cost Auditor for the financial year 2026-27.
Annual General Meeting
The 44th Annual General Meeting of the company is scheduled to be held on Saturday, August 29, 2026, at 11:30 AM IST. The meeting will be conducted through video conferencing and other audio-visual means. The register of members and share transfer books will remain closed from August 23, 2026, to August 29, 2026, for this purpose.
Source: BSE
