Riddhi Portfolio Converts Warrants into Equity Shares in Ramkrishna Forgings Ltd
Riddhi Portfolio Private Limited has completed the conversion of warrants into equity shares of Ramkrishna Forgings Limited, resulting in an increase in the company's share capital and overall voting capital. The transaction was finalized on June 9, 2026.The acquisition involves the conversion of 3,35,000 warrants held by Riddhi Portfolio Private Limited into one fully paid-up equity share of Ramkrishna Forgings Limited. Each equity share has a face value of Rs. 2/-.
This strategic move impacted the financial standing and capital structure of the target company. The acquisition led to changes in both the equity and total diluted share capital, as detailed below:
| Metric | Pre-Acquisition Figures | Post-Acquisition Figures |
|---|---|---|
| Equity Share Capital (Amount) | Rs. 36,36,70,034/- | Rs. 36,43,40,034/- |
| Equity Shares (Face Value Rs. 2/- each) | 18,18,35,017 | 18,21,70,017 |
| Total Diluted Share/Voting Capital | Rs. 37,11,40,034/- | Rs. 37,11,40,034/- |
The transaction solidified the holding of Riddhi Portfolio Private Limited and associated parties. Before the acquisition, the total holding of shares carrying voting rights by the acquirer and persons acting in concert (PAC) was reported at 8,24,44,606 shares, representing 43.33% of equity capital and 44.42% of diluted share capital.
Following the acquisition, the total holding remained at 8,24,44,606 shares, with the acquirer and PACs maintaining a holding of 7,90,44,606 shares on an increased share capital basis, corresponding to 43.40% equity and 42.59% diluted share capital.
The acquisition was executed by Riddhi Portfolio Private Limited, with Mr. Naresh Jalan listed as a key person acting in concert (PAC).
RKFORGE Stock Price Movement
On Wednesday, Ramkrishna Forgings Limited saw its stock rally as it closed the session with a strong gain of 3.16%, settling at ₹556.10. The shares were actively traded throughout the day amid a volume totaling 665,168 units.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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