Financial Results Approval

The Board approved the un-audited Standalone and Consolidated Financial Results for the quarter ended 30 June 2026, along with the Limited Review Reports issued by the Joint Statutory Auditors.

Standalone Financial Highlights (Q1 FY27):

  • Revenue from operations: ₹1,097.22 crores (Q1 FY26: ₹936.69 crores)
  • Other income: ₹4.46 crores
  • Total income: ₹1,101.68 crores
  • Total expenses: ₹1,030.21 crores
  • Profit before tax: ₹71.47 crores
  • Tax expense: ₹19.29 crores (all deferred tax)
  • Profit for the period: ₹52.18 crores
  • Other Comprehensive Loss: ₹(0.31) crores
  • Total Comprehensive Income: ₹51.87 crores
  • Basic EPS: ₹2.87 (Face value ₹2 per share)
  • Diluted EPS: ₹2.81
  • Paid-up equity share capital: ₹36.37 crores

Consolidated Financial Highlights (Q1 FY27):

  • Revenue from operations: ₹1,216.67 crores
  • Other income: ₹3.44 crores
  • Total income: ₹1,220.11 crores
  • Total expenses: ₹1,154.77 crores
  • Profit before share of joint venture loss and tax: ₹65.34 crores
  • Share of loss of joint venture: ₹(0.51) crores
  • Profit before tax: ₹64.73 crores
  • Tax expense: ₹17.85 crores
  • Profit for the period: ₹46.88 crores
  • Total Comprehensive Income: ₹47.51 crores
  • Profit attributable to equity holders: ₹46.88 crores
  • Basic EPS: ₹2.58
  • Diluted EPS: ₹2.53

Exceptional Items (Standalone):

  • No exceptional items in current quarter
  • Previous year included: Impact of new labour codes (₹0.94 crores), excess electricity duty receivable (₹41.77 crores), and provision for expected credit loss (₹42.05 crores)

Re-appointment of Internal Auditors

Based on Audit Committee recommendation, re-appointed M/s. Singhi & Co., Chartered Accountants (Firm Registration No.: 302049E) as Internal Auditors for FY 2026-27. The firm was established in 1940 with service verticals in Assurance, Taxation, Risk Advisory, Internal Audit, M&A, and other domains.

Re-designation of Director

Based on Nomination & Remuneration Committee recommendation, re-designated Mr. Chaitanya Jalan (DIN: 07540301) from Whole Time Director to Joint Managing Director effective 24 July 2026, subject to shareholder approval at the 44th Annual General Meeting. His tenure will continue until 8 November 2029 with no change in remuneration or other terms.

Mr. Jalan is a B.Com graduate associated with the company since 2016, with over 5 years of experience in forgings. He is the son of Mr. Naresh Jalan (Managing Director) and grandson of Mr. Mahabir Prasad Jalan (Non-Executive Director). He is not debarred from holding director office by SEBI or any statutory authority.

Capital Expenditure Approval

Approved capital expenditure of ₹170.52 crores for:

  • Setting up a 4000 metric tonnes press line
  • Manufacturing components for passenger vehicles for export market

Capacity Details:

  • Existing forging capacity utilization: 68%
  • Existing casting capacity utilization: 78%
  • Proposed capacity addition: 8,800 MT
  • Implementation timeline: By September 2027
  • Mode of financing: Mix of equity and debt

Policy Amendment

The Board approved amendments to the Whistle Blower Policy.

Meeting Details

The Board meeting commenced at 12:30 PM IST and concluded at 2:10 PM IST on 24 July 2026.

Additional Information

  • The financial results include Ramkrishna Forgings Limited Employee Welfare Trust with net profit of ₹0.04 crores for the quarter
  • Warrants allotment details: 9,75,000 warrants allotted on 14 August 2025 at ₹2,100 each, with balance 75% payment received during Q4 FY26 and Q1 FY27
  • Additional 34,00,000 warrants allotted on 14 January 2026 at ₹538 each
  • ESOP allotment: 1,64,413 equity shares at ₹556 per share allotted to ESOP Trust on 1 May 2026
  • Managerial remuneration of ₹5.10 crores for FY 2025-26 proposed, subject to shareholder approval as it exceeds permissible limits under Section 197 of Companies Act