Ramkrishna Forgings Limited has informed the Exchange regarding allotment of 164413 securities pursuant to ESOP/ESPS at its meeting held on May 01, 2026
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Ramkrishna Forgings Limited held its Board meeting on May 1, 2026, approving multiple items. The company declared a 1st Interim Dividend of Rs. 1 per equity share (face value Rs. 2) for FY 2025-26, payable within 30 days with record date fixed for May 8, 2026. The Board approved allotment of 164,413 equity shares of Rs. 2 face value each at Rs. 556 per share to the Employee Welfare Trust under the ESOP Scheme 2023, increasing paid-up capital from 18,16,70,604 to 18,18,35,017 shares. Auditors issued an Unmodified Opinion on the FY 2026 audited financial results. Two Independent Directors (Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya) will cease from May 20, 2026 upon completion of their second term, with committees reconstituted accordingly. Mr. Naresh Jalan was re-appointed as Managing Director for 3 years from November 5, 2026, subject to shareholder approval. The 44th AGM is scheduled for August 29, 2026.
The ESOP allotment causes minimal dilution (0.09%) but signals employee激励机制. The dividend declaration is positive for shareholders. Independent Director retirements and committee reconstitution may lead to governance adjustments. The revised Related Party Transactions Policy approval indicates continued focus on compliance.