Management Change24 Jul 2026, 02:43 pm
Ramkrishna Forgings: Chaitanya Jalan becomes Joint MD
AI Summary
Ramkrishna Forgings Ltd announced a change in designation for Mr. Chaitanya Jalan from Whole-time Director to Joint Managing Director, effective July 24, 2026. This change is subject to shareholder approval at the upcoming 44th Annual General Meeting. His tenure as Joint Managing Director will extend until November 8, 2029, with no changes to his remuneration or terms. The board also approved unaudited standalone and consolidated financial results for Q1 FY27, re-appointed M/s. Singhi & Co. as Internal Auditors for FY27, and approved a capital expenditure of ₹170.52 crores for a 4000-tonne press line for passenger vehicle components. An amendment to the Whistle Blower Policy was also approved.
Key Highlights
- Chaitanya Jalan redesignated as Joint Managing Director until Nov 2029.
- Remuneration and terms remain unchanged for the new role.
- Board approved Q1 FY27 financial results and internal auditor re-appointment.
- Capital expenditure of ₹170.52 Cr approved for new press line.
- Shareholder approval required for the management designation change.
Price Impact
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