Re-appointment of Mr. Naresh Jalan as the Managing Director of the Company for a period of 3 years w.e.f 5 November, 2026 subject to approval of shareholders of the Company. Mr. Sandipan ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ramkrishna Forgings Limited held its Board Meeting on 15 May 2026 and approved multiple items. The company declared a 1st Interim Dividend of Rs. 1 per equity share (face value Rs. 2) for FY 2025-26, with record date 8 May 2026. Auditors issued an unmodified opinion on the audited standalone and consolidated financial results for Q4 and FY ended March 2026. The company allotted 1,64,413 equity shares (at Rs. 556 per share including premium) to the Employee Welfare Trust under the ESOP Scheme 2023, increasing paid-up capital to 18,18,35,017 shares. Two Independent Directors - Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya - will cease to hold office effective 20 May 2026 upon completion of their second term, prompting reconstitution of Audit, NRC, and Capital Market Committees effective 21 May 2026. Mr. Naresh Jalan has been re-appointed as Managing Director for 3 years from 5 November 2026, subject to shareholder approval at the 44th AGM scheduled for 29 August 2026.
The cessation of two independent directors and subsequent committee reconstitution may raise governance concerns ahead of the AGM. The dividend declaration and strong audit opinion are positive signals for shareholders.