Appointment of Cost Auditor for the financial year 2026-27
RKFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ramkrishna Forgings Limited held a board meeting on May 15, 2026 approving several matters. The company declared a 1st interim dividend of Re. 1 per equity share for FY 2025-26, payable within 30 days with May 8, 2026 as the record date. The audited financial results for Q4 and FY ended March 2026 received an unmodified opinion from the joint statutory auditors. The board also approved allotment of 1,64,413 equity shares to the Employee Welfare Trust under the ESOP Scheme 2023 at Rs. 556 per share, increasing the paid-up capital to 18,18,35,017 shares. Bijay Kumar & Co. was appointed as Cost Auditor for FY 2026-27 subject to shareholder ratification. Two independent directors - Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya - will cease with effect from May 20, 2026 upon completion of their second term. The board revised the Related Party Transactions Policy and re-appointed Mr. Naresh Jalan as Managing Director for 3 years from November 5, 2026. The 44th AGM is scheduled for August 29, 2026.
The dividend declaration and unmodified audit opinion are positive signals for shareholders. The cessation of two independent directors and subsequent committee reconstitution represents a governance change that investors should monitor. The ESOP allotment at Rs. 556 per share shows employee incentive alignment.