Fixed 44th Annual General Meeting of the Company and Book Closure of Register of Members
RKFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ramkrishna Forgings' Board approved the audited standalone and consolidated financial results for Q4 and FY ended 31 March 2026. The Joint Statutory Auditors (S.R. Batliboi & Co. LLP and S.K. Naredi & Co. LLP) issued an Unmodified Opinion, indicating a clean audit with no qualifications. The Board declared a 1st Interim Dividend of Re. 1 per equity share (face value Rs. 2), payable within 30 days, with record date 8 May 2026. The company allotted 1,64,413 equity shares to the RKFL ESOP Trust under the ESOP Scheme 2023 at Rs. 556 per share, increasing the paid-up capital to 18,18,35,017 shares. Two Independent Directors — Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya — will cease from 20 May 2026 upon completion of their second term, with Board committees reconstituted from 21 May. Mr. Naresh Jalan was reappointed as Managing Director for 3 years from 5 November 2026, subject to shareholder approval at the 44th AGM fixed for 29 August 2026. The Related Party Transactions Policy was also revised.
Clean audit opinion and dividend declaration are positive signals for investors. The cessation of two independent directors and subsequent committee reconstitution will require monitoring for governance quality. ESOP allotment has minor dilution impact.