Ramkrishna Forgings Limited announced the outcomes of its Board meeting held on May 1, 2026, where directors approved audited financial results for FY26, declared an interim dividend, and made several key corporate governance decisions under Regulations 30 and 33 of SEBI LODR Regulations. The company subsequently submitted details under Regulation 47 regarding newspaper publication of the audited financial results.

FY26 Financial Results Approval

The Board approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, including Statement of Assets and Liabilities and Cash Flow Statement. Joint Statutory Auditors S. R. Batliboi & Co. LLP and S. K. Naredi & Co. LLP issued an Unmodified Opinion Report on the audited results. The company reported consolidated revenue of ₹4,23,807.73 lakhs for FY26, representing a 5.05% increase from ₹4,03,410.68 lakhs in FY25, while Q4 FY26 consolidated revenue reached ₹1,21,677.54 lakhs, marking 28.44% year-on-year growth.

Dividend Declaration and ESOP Allotment

The Board declared a first interim dividend of Re 1 per equity share of face value ₹2 each for FY 2025-26, with the record date fixed as May 8, 2026. The dividend will be paid within 30 days from declaration date and is subject to TDS. Additionally, the Board approved issue and allotment of 1,64,413 equity shares under the Employee Stock Option Scheme 2023 at ₹556 per share to the Ramkrishna Forgings Limited Employee Welfare Trust, increasing paid-up equity share capital from 18,16,70,604 shares to 18,18,35,017 shares.

Newspaper Publication Under Regulation 47

In compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted confirmation that the Extract of Statement of the Audited Financial Results for the quarter and year ended March 31, 2026 was published in Financial Express (English, All Edition) and Aajkal (Bengali) newspaper on May 3, 2026. The publication was submitted to both BSE Limited and National Stock Exchange of India Limited for record purposes. The complete financial results are available on the company's website at www.ramkrishnaforgings.com .

Leadership Changes and Governance Updates

Significant governance changes were announced with Mr. Sandipan Chakravortty and Mr. Partha Sarathi Bhattacharyya ceasing as Independent Directors effective May 20, 2026, upon completion of their second term. The Board approved re-appointment of Mr. Naresh Jalan as Managing Director for three years starting November 5, 2026, subject to shareholder approval. Mr. Jalan brings over 27 years of forging industry experience and has led the company to become the second largest forging player in India by revenue.

AGM and Other Appointments

The 44th Annual General Meeting is scheduled for August 29, 2026, at 11:30 AM through video conferencing, with book closure from August 23-29, 2026. The Board appointed Bijay Kumar & Co. as Cost Auditor for FY 2026-27, subject to shareholder ratification. The firm brings 9 years of experience including 6 years in cost audit practice, with expertise in product costing, pricing, MIS, variance analysis, and ERP systems.

ramkrishna forgings has submitted the monitoring agency report for the quarter ended 31 March 2026 to BSE Limited and National Stock Exchange of India Limited. The report, prepared by India Ratings & Research Private Limited, covers the utilization of funds raised through the allotment of 34,00,000 convertible warrants and 6,40,000 equity shares upon conversion of warrants during Q4FY26. The filing was made pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Issue Details and Fund Utilization

The company issued 34,00,000 convertible warrants at a price of INR 588 per warrant, including a premium of INR 586. The total issue size amounted to INR 199.92 Crores. As of 31 March 2026, the company received INR 49.98 Crores, representing 25% of the warrant value (INR 147 per warrant) as upfront consideration. The balance 75% (INR 441 per warrant) will be received upon conversion of warrants into equity shares during the 18-month tenure period.

Objects of the Issue

The monitoring agency confirmed no deviation from the objects stated in the offer document. The funds are allocated across two primary categories:

Utilization Status

During the quarter, the company transferred INR 49.98 Crores to its cash credit account under the utilization head of debt repayment. The funds were used for working capital repayment, including working capital demand loans and interest payments. No funds were utilized for general corporate purposes during the quarter. The monitoring agency verified that all utilization is as per the disclosures in the offer document, based on management undertaking, statutory auditor certificate, and relevant bank statements.

Additional Convertible Warrant Issue

The monitoring agency report also covered a separate preferential issue of 9,75,000 convertible warrants issued between 11 August 2025 and 17 August 2025 at INR 2,100 per warrant, with a total issue size of INR 204.75 Crores. As of 31 March 2026, the company received INR 151.99 Crores, comprising INR 51.19 Crores as upfront consideration and INR 100.80 Crores upon conversion of 6,40,000 warrants. These funds were also transferred to the cash credit account for debt repayment purposes. The monitoring agency confirmed no deviation from the objects for this issue as well.