Announced Tue, 28 Apr · 17:26 IST
Postal Ballot Results: Independent Director Appointment Approved
Management Changes View source PDF
RKFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.0%1-day move
₹603.00
prior close
₹603.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.9-0.9-0.8-1.3-1.0+1.0+2.2+2.8+3.3+2.7-5.5-6.3-7.3—
Up moveDown movePending
AI summary
Ramkrishna Forgings shareholders approved the appointment of Mr. Chetan Rameshchandra Desai (age 75) as Non-Executive Independent Director for 5 years via postal ballot. Of 111,167,453 votes cast, 98.03% (108.98M shares) favoured the resolution, with 1.97% against. Promoters voted 100% in favour. The resolution was declared passed with requisite majority on 28 April 2026.
Likely market impact
Strengthens board governance with a new independent director. Passed with overwhelming shareholder support (98%), positive signal for board composition.