- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
The Audit Committee of Ramkrishna Forgings Limited has approved the appointment of independent external agencies to conduct a joint fact-finding study concerning discrepancies identified during its Annual Physical Verification of Inventory. The verification process began on April 6, 2025, revealing potential discrepancies in certain inventory cases. This proactive step aims to ensure transparency and uphold corporate governance standards while mitigating future occurrences of similar issues. The company projects a likely adverse impact on net worth estimated between 4% to 5%. The promoters are committed to funding the necessary actions through permissible instruments to protect stakeholder interests. This incident marks a first in the company’s history, highlighting the importance of ongoing oversight and commitment to governance. Investors should monitor the findings as they could significantly affect financial statements and net worth.