RKFORGENSERamkrishna Forgings Limited· Castings/ForgingsHighNeutral
Announced Fri, 1 May · 18:06 IST

Ramkrishna Forgings Limited has informed the Exchange regarding Appointment of Bijay Kumar & Co. as Cost Auditor of the company for the financial year 2025-26.

Related Party TransactionsResults View source PDF

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▲ 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
+3.1%1-day move
₹597.25
prior close
₹607.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.0-2.9-3.1-0.8+3.1+3.8+4.3+1.7+3.7-2.6-4.2-6.3-3.7
Up moveDown movePending
AI summary

Ramkrishna Forgings Limited held a Board meeting on May 1, 2026, approving multiple items. The Board declared a 1st Interim Dividend of Rs. 1 per equity share (record date May 8, 2026) and approved audited financial results for FY 2025-26 with an Unmodified Opinion from joint statutory auditors S.R. Batliboi & Co. LLP and S.K. Naredi & Co. LLP. The company allotted 1,64,413 equity shares to the Employee Welfare Trust under the ESOP Scheme 2023 at Rs. 556 per share. Bijay Kumar & Co. was appointed as Cost Auditor for FY 2026-27. Two Independent Directors, Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya, will cease from May 20, 2026 upon completion of their second term. The Board re-appointed Mr. Naresh Jalan as Managing Director for 3 years from November 5, 2026, subject to shareholder approval. The 44th AGM is scheduled for August 29, 2026, and a revised Related Party Transactions Policy was approved.

Likely market impact

Positive developments include dividend declaration and clean audit opinion. Cessation of two Independent Directors and related party re-appointment of MD require shareholder approvals at the upcoming AGM.