Ramkrishna Forgings Limited — Others, 17-01-2025: Appointment

Ramkrishna Forgings Limited has announced a board meeting where it approved the unaudited financial results for the quarter and nine months ended 31 December 2024, with limited review reports from auditors attached. The board appointed Ms. Sucharita Basu De as an Independent Director for five years, subject to shareholder approval, promoting strong governance. Additionally, a new Casting project at Plant 8 in Jamshedpur, with a capacity of 30,000 Metric Tons per Annum, was greenlit for commercial operation by June 2025, requiring an investment of ₹173.44 crore (cr). This expansion aligns with the company's strategy to enhance its automotive offerings and could positively influence investor sentiment by demonstrating growth opportunities. A total of 2,01,965 equity shares were allocated to the Employee Welfare Trust under the ESOP plan at an exercise price of ₹556 per share.