Riddhi Portfolio to Acquire Shares from Ramkrishna Forgings Promoter
Riddhi Portfolio Private Limited, a promoter of Ramkrishna Forgings Limited, plans to acquire up to 19,00,000 equity shares from Mr. Naresh Jalan, the Promoter & Managing Director of Ramkrishna Forgings Limited. The transaction, expected to occur within four working days from March 18, 2026, is structured as an inter-se transfer among promoters and is exempt under Regulation 10 (1)(a) (ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.The acquisition price will not exceed the limit stipulated by the aforementioned regulation. The total shares to be acquired represent up to 1.05% of the company’s total share capital on a non-diluted basis and up to 1.02% on a fully diluted basis. The volume weighted average market price for the 60 trading days preceding the intimation was Rs. 533.50.
Currently, Riddhi Portfolio holds 6,05,57,039 shares, representing 33.45% of the total share capital on a non-diluted basis. Following the acquisition, their holding will increase to up to 6,24,57,039 shares, representing up to 34.50%.
The company's share capital stands at Rs. 362061208 on a non-diluted basis and Rs. 370811208 on a fully diluted basis. Riddhi Portfolio has declared that the transferor and transferee have complied with applicable disclosure requirements. The acquisition is part of an internal restructuring exercise.
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