Promoter Group Increases Holding in Ramkrishna Forgings Following Warrant Conversion
Ramkrishna Forgings Limited reported a significant increase in its promoter group holding after the conversion of warrants into equity shares, increasing the company’s capital structure and reporting details as of June 9, 2026.The transaction involved the conversion of 3,35,000 warrants into fully paid-up equity shares of Ramkrishna Forgings Limited, each having a face value of Rs. 2/-. This issuance was executed in accordance with applicable regulations.
Promoter Holding Update
Riddhi Portfolio Private Limited and its associated persons acting in concert (PACs) hold a substantial stake in the company. The acquisition details show that Riddhi Portfolio Private Limited held 6,29,47,039 shares (representing 34.65% of total share capital or 33.92% of diluted capital) prior to the conversion.The total holding by the acquirer and PACs stood at 7,87,09,606 shares, representing 43.33% of the total share capital and 42.41% of the diluted capital before the transaction. The group's total holding, which included shares in nature of encumbrance (pledge/lien/non-disposal undertaking) valued at 1,10,00,000 shares, reached 1,23,00,000 shares or 6.76% and 6.63% respectively.
Following the conversion of warrants into equity shares, the total holding of Riddhi Portfolio Private Limited and its PACs increased to 7,90,44,606 shares. This post-conversion holding represents 43.40% of the total share capital and 42.59% of the diluted capital.
Capital Structure Details
The conversion resulted in an increase in the company's equity share capital and total diluted share capital.The key financial metrics relating to the acquisition are summarized below:
| Metric | Before Acquisition | After Acquisition |
|---|---|---|
| Equity Share Capital | Rs. 36,36,70,034 (18,18,35,017 shares of Rs. 2/-) | Rs. 36,43,40,034 (18,21,70,017 shares of Rs. 2/-) |
| Total Diluted Share Capital | Rs. 37,11,40,034 (18,55,70,017 shares of Rs. 2/-) | Post-acquisition details confirm the new diluted share capital after the transaction. |
The conversion entailed 3,35,000 warrants being converted into one fully paid up equity share of the Target Company having a face value of Rs. 2/- each.
RKFORGE Stock Price Movement
On Wednesday, shares of Ramkrishna Forgings Limited edged higher in the market, settling at ₹556.1 after posting a 3.16% gain. The stock traded within a tight intraday range between ₹543.95 and ₹571.5, with 665,168 shares exchanged during the trading period.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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