Ramkrishna Forgings Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 20, 2025
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Ramkrishna Forgings has informed the exchanges that its 43rd Annual General Meeting will be held on Saturday, 20 September 2025 at 11:30 AM (IST) through video conferencing. Shareholders will vote on seven items, including adoption of FY25 audited financial statements, re-appointment of directors Mr. Naresh Jalan and Mr. Lalit Kumar Khetan (who retire by rotation), and ratification of cost auditor (Bijay Kumar & Co.) remuneration of Rs. 4.40 lakh plus GST for FY26. A key item is seeking shareholder approval to waive recovery of Rs. 693 lakh in excess remuneration paid to directors for FY25, with the largest chunks being Rs. 371.48 lakh to Mr. Lalit Kumar Khetan (WTD & CFO) and Rs. 131.52 lakh to Mr. Naresh Jalan (Managing Director). Other items include appointing MKB & Associates as secretarial auditor for a 5-year term (FY26–FY30) and re-appointing Mr. Khetan as Whole-time Director for 3 years from 20 October 2025. The cut-off date for e-voting eligibility is 12 September 2025, with remote e-voting open from 17 September to 19 September 2025.
This is a routine AGM notice, but the Rs. 693 lakh excess director remuneration waiver for FY25 is a governance point investors may scrutinise or push back on, given it exceeds the limits under Section 197(1) of the Companies Act. Other items, including director re-appointments and the 5-year secretarial auditor appointment, are standard and unlikely to move the stock on their own.