Ramkrishna Forgings reports ₹270 crore inventory shortfall
Ramkrishna Forgings uncovered inventory shortages of 24,458 MT valued at ₹270.74 crore following a joint audit. Key issues included SAP entry errors, poor process controls, and scrap mismanagement. The company plans corrective action, system improvements, and employee accountability to address the ₹20,260 lakh net worth impact and restore investor confidence.