Riddhi Portfolio Completes Warrant Conversion in Ramkrishna Forgings, Boosting Equity Share Capital
Riddhi Portfolio Private Limited has completed a significant conversion of warrants into equity shares in Ramkrishna Forgings Limited. The transaction, which took place on 09/06/2026, involved the conversion of 3,35,000 warrants into fully paid-up equity shares of Ramkrishna Forgings Limited.The acquisition and subsequent conversion relate to Riddhi Portfolio Private Limited's stake in Ramkrishna Forgings Limited. The details of the share capital structure before and after this conversion have been noted by the company.
Key Details of Acquisition and Conversion
The warrants were converted into one fully paid-up equity share of the Target Company, which has a face value of Rs. 2/- each. This event resulted in an increase in the equity share capital of Ramkrishna Forgings Limited.
The financial details regarding the stock's capitalization before and after the conversion are presented below:
| Metric | Pre-Acquisition Status (Before 09/06/2026) | Post-Acquisition Status |
|---|---|---|
| Equity Share Capital / Total Voting Capital | Rs. 36,36,70,034/- | Rs. 36,43,40,034/- |
| Equity Shares of Face Value Rs. 2/- | 18,18,35,017 | 18,21,70,017 |
| Total Diluted Share / Voting Capital | N/A | Rs. 37,11,40,034/ (18,55,70,017 Equity Shares) |
Stakeholding Details
The acquisition details show Riddhi Portfolio Private Limited's current holding alongside Persons Acting in Concert (PAC). The total shares carrying voting rights held by the acquirer and PAC stand at 7,90,44,606, which represents 43.40% of the increased share capital on a diluted basis.
| Holding Type | Total Shares Held | % W.r.t. Share/Voting Capital (Acquirer & PAC) |
|---|---|---|
| Shares carrying voting rights by Riddhi Portfolio Private Limited | 6,32,82,039 | 34.74% / 34.10% |
| Warrants/Convertible Securities held by Mr. Chaitanya Jalan | 34,00,000 | 1.83% |
The acquisition also involves stakes held in the nature of encumbrance. Shares totaling 1,23,00,000 in this category have been recorded against Riddhi Portfolio Private Limited and Mr. Naresh Jalan.
RKFORGE Stock Price Movement
As of 1:26 PM, shares of Ramkrishna Forgings Limited are edging higher to ₹567.95 in live trading, gaining 2.13% off previous levels. The stock demonstrates strong market interest, with 244,450 shares traded thus far.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.