Ramkrishna forgings Limited has announced the vesting of 165,176 Employee Stock Options (ESOPs) to eligible employees under its Employee Stock Option Scheme 2023. The company's Nomination and Remuneration Committee approved this vesting at its meeting held on March 26, 2026.

ESOP Vesting Details

The vested options comprise two distinct tranches with different exercise prices:

These vested options originate from ESOPs granted under the company's Employee Stock Option Scheme 2023, which is compliant with SEBI (SBEB) Regulations, 2021.

Original Grant Information

The vested ESOPs were part of larger grants made to eligible employees on different dates:

Exercise Timeline and Compliance

The vested options carry a four-year exercise window from the date of vesting. Eligible employees can exercise these options within this timeframe to convert them into equity shares of the company. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Framework

The Employee Stock Option Scheme 2023 operates under the regulatory framework established by SEBI Master Circular Ho/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The scheme ensures that the total number of shares covered by these options does not exceed the number of options granted, maintaining compliance with regulatory requirements.

The company has made this information available on its website at www.ramkrishnaforgings.com and has notified both BSE Limited and National Stock Exchange of India Limited about this development.

Ramkrishna Forgings Limited has informed stock exchanges about the cessation of two subsidiaries following the implementation of a court-approved amalgamation scheme. The development follows the National Company Law Tribunal's approval and represents a significant corporate restructuring within the company's subsidiary framework.

NCLT Approval and Scheme Details

The Hon'ble National Company Law Tribunal, Kolkata Bench sanctioned the scheme of amalgamation on February 27, 2026. The scheme involves the merger of two subsidiaries with another group company under the provisions of Section 230 to 232 of the Companies Act, 2013.

Companies Involved in Amalgamation

The amalgamation scheme encompasses three entities within the Ramkrishna Forgings group structure:

Transferor Companies:

• Mal Metalliks Private Limited - Step down wholly owned subsidiary (Transferor Company No. 1)
• Multitech Auto Private Limited - Wholly owned subsidiary (Transferor Company No. 2)

Transferee Company:

• Ramkrishna Casting Solutions Limited (formerly JMT Auto Limited) - Wholly owned subsidiary

Implementation and Legal Compliance

The scheme became effective on March 25, 2026, following the filing of certified copies of the NCLT order in e-form INC-28 with the Registrar of Companies, Kolkata. The filing was completed at the close of business hours on March 25, 2026.

Consequent to the scheme's effectiveness, both Mal Metalliks Private Limited and Multitech Auto Private Limited have been dissolved without winding up. These entities have ceased to be subsidiaries of Ramkrishna Forgings Limited with effect from March 25, 2026.

Regulatory Disclosure

The company has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing requirements.

The company has also made this information available on its official website at www.ramkrishnaforgings.com , maintaining transparency with stakeholders and the investing public.