Ramkrishna Forgings appoints Chetan Desai as independent director

Ramkrishna Forgings Ltd has appointed veteran chartered accountant Chetan Rameshchandra Desai as a non‑executive independent director for a 5‑year term starting 29 April 2026.

• The board election was conducted via a remote e‑voting postal ballot from 29 March 2026 09:00 IST to 27 April 2026 17:00 IST, overseen by KFin Technologies and audited by Mr. Raj Kumar Banthia of MKB & Associates.
• At 75 years old, Desai meets the SEBI Regulation 17(1A) special‑resolution requirement and brings roughly ~50 years of chartered‑accountancy experience, including prior board roles at Sula Vineyards, Krsnaa Diagnostics, Delta Corp, and as Managing Partner of Haribhakti & Co. LLP.
• His appointment satisfies all independence criteria under the Companies Act and SEBI Regulation 16(1)(b), strengthening the audit and nomination committees and reinforcing the company’s compliance posture.
• While the move does not affect short‑term revenue, profit, or cash flow, enhanced board independence is expected to lower governance risk and could support better credit ratings and future shareholder value.