Ramkrishna Forgings Limited has announced the resignation of its statutory auditor for its material subsidiary, Ramkrishna Titagarh Rail Wheels Limited (RTRWL). The auditor, M/s. S R Batliboi & Co. LLP, Chartered Accountants, tendered its resignation effective 12 May 2026.
The resignation was communicated through a letter dated the same day, and the company has confirmed that there were no concerns raised by the auditors regarding the management of RTRWL that could have affected the audit process. The resignation letter did not specify any reasons beyond those stated in the document, and as such, no discussions were held by the Audit Committee of Ramkrishna Forgings on the matter.
The company has attached a copy of the resignation letter and an annexure containing the required information as per the SEBI Master Circular, which was last updated on 30 January 2026. These documents comply with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This development is noteworthy as it involves a significant change in the auditing landscape of a material subsidiary of Ramkrishna Forgings, a key player in the Indian manufacturing sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).