Financial Results Approval

The Board approved:

  • Un-audited Financial Results (Standalone and Consolidated) for the Quarter and Half Year ended 30 September 2026
  • Un-audited Statement of Assets and Liabilities (Standalone & Consolidated) for the Half Year ended 30 September 2026
  • Un-audited Cash Flow Statement (Standalone & Consolidated) for the Half Year ended 30 September 2026
  • Limited Review Reports issued by Joint Statutory Auditors of the Company were enclosed with the results

Dividend Declaration

Declared 1st Interim Dividend of ₹2 (Rupees Two) per Equity Share of face value ₹2 (Rupees Two) each for the Financial Year 2026-27.

  • The dividend will be paid within 30 days from the date of declaration
  • Dividend payment is subject to TDS
  • Record Date fixed for dividend payment: Friday, 6 November 2026

Appointment of Directors

The Board appointed two new Non-Executive Independent Directors:

1. Mr. Subir Chakraborty (DIN: 00130864)

  • Age: 68 years
  • Qualifications: B-Tech (Mechanical Engineering) from IIT Madras, Post Graduate Diploma in Management from IIM Calcutta
  • Experience: Over four decades in organizations including Berger Paints, Balmer Lawrie & Co. Ltd, and Exide Industries Ltd (Managing Director & CEO 2021-2024)
  • Current directorships: Strides Pharma Science Ltd and IFB Industries Ltd as Independent Director
  • Awards: India Energy Storage Alliance (IESA) Lifetime Achievement Award (May 2023), Distinguished Alumnus Award from IIM Calcutta (November 2023)

2. Mr. Anurag Vohra (DIN: 10253815)

  • Age: 56 years
  • Qualifications: BE (Mechanical) from NIT Surat, Post Graduate Diploma in Business Administration from Annamalai University
  • Experience: Over three decades across automotive, commercial vehicles, electric mobility and industrial sectors
  • Previous role: Chief Operating Officer at TI Clean Mobility Private Limited (Murugappa Group)
  • Currently works as independent Strategic Advisor in EV and Mobility

Both appointments:

  • Are for a term of 5 consecutive years with effect from 30 October 2026
  • Are not liable to retire by rotation
  • Are subject to approval of Shareholders of the Company
  • Neither director has any inter se relationships with other directors/KMPs of the company
  • Neither director is debarred from holding office of Director

Alteration in Memorandum of Association

The Board approved alteration in the Object Clause of the Memorandum of Association to enable the Company to foray into new business areas:

  • Rationale: To diversify into designing, developing, manufacturing of products for semiconductors, aerospace applications, drones, defense, and related technologies
  • Specific amendment: Addition of new sub-clause 9 under Clause IIIA of MOA covering extensive business activities in engineering and technological products for commercial, industrial, agricultural, defense, space, aerospace and allied industries
  • The alteration is subject to approval of Shareholders of the Company

Amendment to Employee Stock Option Scheme

The Board approved amendment to the RKF Limited Employee Stock Option Scheme 2023 including:

  • Extension of the Scheme's applicability to employees of the subsidiaries of the Company
  • The modification/amendment is subject to approval of Shareholders of the Company

Additional Investment in Joint Venture Company

The Board approved increase in investment limit by ₹56.76 Crores (Rupees Fifty-Six Crores and Seventy-Six Lakhs only) in Ramkrishna Titagarh Rail Wheels Limited:

  • Investment to be made in one or more tranches by way of equity contribution
  • Ramkrishna Titagarh Rail Wheels Limited is a joint venture company
  • Current paid-up Capital: ₹5,32,64,74,490
  • Current turnover: Yet to commence commercial production
  • Company holds 51% stake (lead partner), Titagarh Rail Systems Limited holds 49%
  • The joint venture is setting up Asia's second-largest forged wheel manufacturing plant in Puduvoyal Village, District Tiruvallur, Chennai, Tamil Nadu
  • Annual capacity: approximately 2,28,000 wheels
  • Total project cost: ₹2,181.41 Crores divided into two phases
  • Phase 1: Establishment of entire plant with full forging capacity and 1st Phase of Machining Line
  • Phase 2: Increase in machining capacity
  • The investment falls within related party transaction
  • Industry: Forged wheel manufacturing
  • Date of incorporation: 9 June 2023

Policy Amendments

The Board approved amendments to the following Company Policies:

  • Policy on Anti-Bribery and Anti-Corruption
  • Policy on preservation & archival of documents/records
  • Policy on prevention, prohibition and redressal of sexual harassment at the workplace
  • Policy For Determining of Material Subsidiary
  • Corporate Social Responsibility Policy

Meeting Details

The Board Meeting commenced at 2:30 PM (IST) and concluded at 4:00 PM (IST) on 30 October 2026.

Additional Information

The intimation is also available on the company website at www.ramkrishnaforgings.com.