Ramkrishna Forgings Limited has informed the Exchange regarding Appointment of Mr Mr. Naresh Jalan as Managing Director of the company w.e.f. November 05, 2026.
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Ramkrishna Forgings Limited held a board meeting on May 1, 2026, approving multiple items including audited financial results for Q4 and FY26, declaration of 1st interim dividend of Rs. 1 per share (record date May 8, 2026), and allotment of 1,64,413 equity shares to the Employee Welfare Trust under ESOP Scheme 2023 at Rs. 556 per share. Two independent directors - Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya - will cease to hold office from May 20, 2026 upon completion of their second term. The Board reconstituted its committees (Audit, NRC, Capital Market) effective May 21, 2026. Additionally, Mr. Naresh Jalan has been re-appointed as Managing Director for 3 years starting November 5, 2026, subject to shareholder approval at the 44th AGM scheduled for August 29, 2026.
The cessation of two independent directors reduces board independence and may raise governance concerns for investors. However, the re-appointment of Mr. Naresh Jalan ensures continuity in leadership. The interim dividend declaration signals financial health.