Ramkrishna Forgings Limited — Board Meeting, 17-01-2025: Outcome of Board Meeting

The Board of Directors of Ramkrishna Forgings Limited approved several key initiatives. The company reported its financial results for the quarter and nine months ended December 31, 2024, along with Limited Review Reports. Ms. Sucharita Basu De was appointed as an Additional Independent Director for five years, subject to shareholder approval. The Board greenlit a new casting project at Plant 8 in Jamshedpur, expected to produce 30,000 metric tons per annum starting June 2025, with an investment of ₹173.44 Cr. The Board also approved a postal ballot for the director's appointment and made changes to the Employee Stock Option Plan, issuing 2,01,965 equity shares to the Employee Welfare Trust at a price of ₹556 per share.