Ramkrishna Forgings Ltd. Registers Conversion of Warrants into Equity Shares by Riddhi Portfolio Pvt. Ltd.
Ramkrishna Forgings Limited announced a key operational update regarding its shareholding structure, noting the conversion of warrants into equity shares by Riddhi Portfolio Private Limited. The transaction details pertain to the conversion of 3,35,000 warrants into an equivalent number of fully paid-up equity shares of Ramkrishna Forgings Limited.The acquisition event took place on June 09, 2026. As part of this process, 3,35,000 warrants were converted into 3,35,000 equity shares, each having a face value of Rs. 2/- (Rupees Two).
Market and Capitalization Details
The conversion affects the total share capital and voting capital of Ramkrishna Forgings Limited. Before the acquisition and conversion, the company reported an Equity Share Capital/Total Voting Capital of Rs. 36,36,70,034, representing 18,18,35,017 equity shares.
Following the successful conversion of these instruments, which were previously held by Mr. Chaitanya Jalan, the company's capital stands at:
- Equity Share Capital/Total Voting Capital after acquisition: Rs. 36,43,40,034 (i.e. 18,21,70,017 Equity Shares of face value of Rs. 2/- each).
- Total Diluted Share/Voting Capital after acquisition: Rs. 37,11,40,034 (i.e. 18,55,70,017 Equity Shares of face value of Rs. 2/- each).
Riddhi Portfolio Private Limited, identified as the acquirer and a promoter entity in this transaction, holds a significant stake in Ramkrishna Forgings Limited. Details regarding the shareholding held by Riddhi Portfolio Pvt. Ltd., along with Persons Acting in Concert (PAC), are summarized below:
| Holding Category | Shares Carrying Voting Rights (Riddhi Portfolio Private Limited) | % w.r.t. total share/voting capital (Acquirer) | % w.r.t. total diluted share/voting capital (TC) |
|---|---|---|---|
| Shares held by Riddhi Portfolio Pvt. Ltd. | 6,29,47,039 | 34.62% | 33.92% |
Details of Acquisition and Encumbrance
The acquisition details indicate that the 3,35,000 shares acquired were through the exercise of warrants/convertible securities. This instrument entitles the acquirer to receive shares carrying voting rights in the company.
As per the post-acquisition holdings, the total holding for Riddhi Portfolio Private Limited and its associated PACs is reflected as follows:
| Metric | Value (Riddhi Portfolio Pvt. Ltd.) |
|---|---|
| Shares carrying voting rights | 6,32,82,039 |
| Total Diluted Share/Voting Capital | 43.40% |
RKFORGE Stock Price Movement
Shares of Ramkrishna Forgings Limited are edging higher to ₹567.95 as of 1:41 PM today, rising by 2.13% on a gain of ₹11.85. The stock traded within a range of ₹552.85 and ₹569.05 so far into the market, with 244,450 shares recorded in volume.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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