Ramkrishna Forgings Limited has submitted a clarification to the National Stock Exchange regarding its financial results for the quarter and financial year ended March 31, 2025, after the exchange raised observations under Regulation 33 of the SEBI LODR Regulations.
The exchange had sought clarification on two counts: the absence of the MD or CEO signature on the Statement on Impact of Audit Qualifications submitted with the financial results, and the timing of the filing after the board meeting.
Ramkrishna Forgings stated that the Statement on Impact of Audit Qualifications was signed by Whole-Time Director Chaitanya Jalan, as authorised by the Audit Committee and the Board. This complied with Regulation 33(2) of the SEBI LODR Regulations, which permits a whole-time director to sign such statements when the Chairperson, Managing Director, or other authorised directors are not available.
On the filing timeline, the board meeting for approving the financial results concluded at 4:00 AM on Sunday, June 1, 2025. As this was a non-trading day, the financial results were filed at 6:41 AM the same day, within the three-hour window prescribed under Regulation 30 of the SEBI LODR Regulations for meetings ending outside regular trading hours.
Ramkrishna Forgings noted that similar observations from the exchange were received through emails dated June 30, 2025, and July 24, 2025. It had filed its replies to those queries on June 2, 2025, and July 25, 2025, respectively.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.