Declared 1st Interim Dividend of Re. 1/- per equity share of face value of Rs. 2/- each for the financial year 2025-26.
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Ramkrishna Forgings Ltd's Board meeting on May 1, 2026 approved the audited standalone and consolidated financial results for Q4 and FY 2025-26 with an Unmodified Opinion from auditors S.R. Batliboi & Co. LLP and S.K. Naredi & Co. LLP. The company declared its 1st Interim Dividend of Rs. 1 per equity share (face value Rs. 2) for FY 2025-26, with May 8, 2026 as the Record Date. Additionally, 1,64,413 equity shares were allotted to the Employee Welfare Trust under the ESOP Scheme 2023 at Rs. 556 per share (total value Rs. 9.14 crore). Two Independent Directors - Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya - ceased their positions effective May 20, 2026 upon completion of their second term. The Board also reconstituted Audit, Nomination & Remuneration, and Capital Market Committees, re-appointed Mr. Naresh Jalan as Managing Director for 3 years from November 5, 2026, and approved a revised Related Party Transactions Policy.
The declaration of 1st Interim Dividend signals strong financial performance and cash generation ability. The unmodified audit opinion indicates healthy financials with no concerns. The cessation of two Independent Directors and committee reconstitution may lead to temporary governance transition but poses no immediate risk to operations.