Ramkrishna Forgings Limited has announced the commencement of commercial production at its new horizontal casting line facility, marking a significant milestone in the company's expansion into the automotive casting segment. The facility became operational on March 31, 2026, adding substantial manufacturing capacity to the company's operations.

New Production Facility Details

The company has launched commercial production of the Horizontal Casting Line "DISA FLEX 80" at Plant VIII, located in Village Bholodih, P.O. Kolabira, District Saraikela-Kharswan, Jharkhand. The facility is designed to manufacture casting products that meet quality standards and customer requirements across the automotive sector.

Investment and Financing Structure

The new casting line represents a substantial capital investment as part of the company's strategic expansion plans. The project has been funded through a combination of financing sources to support the company's growth objectives.

Strategic Rationale and Market Positioning

The company's expansion into the automotive casting space is driven by its strategic objective to provide a comprehensive product portfolio. The new facility enables Ramkrishna Forgings to offer a complete bouquet of products in the automotive space to both existing customers and new clients in the casting segment.

This capacity addition represents the company's first foray into casting operations, as it previously had no existing capacity in this segment. The horizontal casting line technology is capable of producing high-quality casting products that align with automotive industry standards and specific customer requirements.

Regulatory Compliance and Disclosure

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as specified under the SEBI Master Circular, ensuring transparency with stakeholders regarding this significant operational development.

Ramkrishna Forgings Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Chetan Rameshchandra Desai as Non-Executive Independent Director through remote e-voting process. The company has completed the dispatch of postal ballot notices through electronic mode and published newspaper notifications under regulatory compliance.

Postal Ballot Notice and E-Voting Schedule

The company sent the postal ballot notice on March 28, 2026, exclusively through electronic mode to members whose email addresses are registered with the company, depositories, or depository participants. Following the dispatch, Ramkrishna Forgings published newspaper notifications on March 29, 2026, in Financial Express (English, all editions) and Aajkal (Bengali) to inform stakeholders about the completion of notice dispatch.

Regulatory Compliance and Documentation

The company filed a disclosure under Regulation 47 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, regarding the newspaper publication. Company Secretary Rajesh Mundhra submitted the compliance documentation to BSE Limited and National Stock Exchange of India Limited on March 30, 2026.

Board Recommendation for Independent Director

The board of directors, in their meeting held on March 27, 2026, recommended the appointment of Mr. Chetan Rameshchandra Desai as Non-Executive Independent Director based on the Nomination and Remuneration Committee's recommendation.

Professional Background and Expertise

Mr. Desai brings extensive experience with a distinguished career spanning 50 years in corporate governance and financial management. As a Chartered Accountant, he has developed expertise across multiple domains including regulatory compliance, corporate laws, accounting, and auditing. His professional journey includes a significant 39-year association with M/s. Haribhakti & Co. LLP, a leading accounting and strategic consulting firm in Mumbai, where he headed the audit and assurance practice before retiring as Managing Partner in 2018.

E-Voting Process and Member Eligibility

Members whose names appear on the Register of Members as on the cut-off date of March 20, 2026, are eligible to participate in the remote e-voting process. The company has engaged KFin Technologies Limited to provide remote e-voting facility, with detailed instructions provided in the postal ballot notice for different categories of shareholders including those holding securities in demat mode with NSDL, CDSL, and physical mode holders. The company has appointed Mr. Raj Kumar Banthia (ACS 17190), Partner of MKB & Associates, Company Secretaries in Practice, Kolkata, as Scrutinizer for conducting the postal ballot through remote e-voting process.