Ramkrishna Forgings Limited has informed the Exchange regarding 'the Board of Directors at its meeting held today i.e. Friday, March 27, 2026, has inter alia:i) recommended to the shareholders, to appoint Mr. Chetan Rameshchandra Desai (DIN 03595319), aged 75 years, as a Non-Executive, Independent Director of the Company, for a consecutive term of five years with effect from April 29, 2026, not liable to retire by rotation.ii) approved the Postal Ballot Notice to seek the approval of the shareholders for the above-mentioned appointment of Mr. Chetan Rameshchandra Desai (DIN 03595319), as a Non-Executive Independent Director of the Company. '.
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The Board of Ramkrishna Forgings, at its meeting on March 27, 2026, recommended appointing Mr. Chetan Rameshchandra Desai (DIN: 03595319) as a Non-Executive, Independent Director for a 5-year term starting April 29, 2026. Mr. Desai is a 75-year-old Chartered Accountant with about 50 years of experience in corporate governance, auditing, and corporate laws, and retired in 2018 as Managing Partner of Haribhakti & Co. LLP. The Board also approved a Postal Ballot Notice to seek shareholder approval for this appointment. Mr. Desai is not related to any existing director and holds no shares in the company, and has confirmed he is not debarred by SEBI from holding a directorship.
This is a routine governance action to strengthen the board with an experienced professional. No direct impact on the company's financials or stock price is expected, though it may be viewed mildly positively by investors focused on board quality and independent oversight.