StockWatch
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Castings & Forgings
Board Meeting30 Oct 2026, 05:04 pm

Ramkrishna Forgings Appoints Two Independent Directors

AI Summary

Ramkrishna Forgings Ltd announced the appointment of Mr. Subir Chakraborty and Mr. Anurag Vohra as Non-Executive Independent Directors for a term of 5 years, effective October 30, 2026. The board also approved the unaudited financial results for Q2 FY27, declared a 1st interim dividend of ₹2 per share for FY27, and set November 6, 2026, as the record date. Other key decisions included an increase in investment limit for the joint venture Ramkrishna Titagarh Rail Wheels Limited by ₹56.76 Crores and amendments to the company's ESOP scheme and various policies. The appointments and MOA alteration are subject to shareholder approval.

Key Highlights

  • Two new Non-Executive Independent Directors appointed for a 5-year term.
  • Unaudited financial results for Q2 FY27 declared.
  • 1st interim dividend of ₹2 per share declared for FY27.
  • Investment in JV Ramkrishna Titagarh Rail Wheels increased by ₹56.76 Cr.
  • ESOP scheme and company policies amended.