Ramkrishna Forgings has initiated plans to diversify its business beyond traditional metal forging into high-technology segments, including defence, semiconductors and aerospace, the company revealed in a regulatory filing on Friday. The company's Board of Directors approved an alteration to the Object Clause of its Memorandum of Association (MOA), subject to shareholder approval.
Under the proposed amendment to the MOA, the company plans to enable the design, development, engineering, manufacturing, and servicing of products, systems, and components for defence, space, aerospace, semiconductor, and commercial applications.
"The Company is exploring to foray into the business of designing, developing manufacturing, engineering etc. of products, systems and solutions etc. for semi-conductors, aerospace applications, drones defense, and other related technologies etc. by itself or through its subsidiaries," the company stated in the regulatory filing.
Separately, Ramkrishna Forgings reported a turnaround in its Q2 FY27 performance, posting a consolidated net profit of Rs 70.59 crore on the back of a 55 percent surge in operational revenue to Rs 1,405.42 crore. The board also appointed Subir Chakraborty and Anurag Vohra as Non-Executive Independent Directors for a five-year term, subject to shareholder approval.