Ramkrishna Forgings Limited has completed the allotment of 6,40,000 equity shares upon conversion of warrants by promoter entity Riddhi Portfolio Private Limited. The Capital Market Committee approved this conversion on March 27, 2026, marking a significant capital raising exercise for the forging company.

Warrant Conversion Details

The allotment involves the conversion of 6,40,000 warrants that were originally issued on August 14, 2025. The company received Rs. 100.80 crore from Riddhi Portfolio Private Limited at the rate of Rs. 1,575 per warrant, representing 75% of the total warrant issue price.

SEBI SAST Regulatory Disclosure

Following the warrant conversion, Riddhi Portfolio Private Limited filed a disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was submitted to BSE Limited, National Stock Exchange of India Limited, and Ramkrishna Forgings Limited on March 28, 2026.

Capital Structure Impact

Following this allotment, the company's capital structure has been strengthened significantly. The paid-up equity share capital has increased from Rs. 36.21 crore to Rs. 36.33 crore, consisting of 18,16,70,604 fully paid-up equity shares of Rs. 2 each.

Outstanding Warrant Position

The original warrant issuance comprised 9,75,000 warrants to Riddhi Portfolio Private Limited on preferential basis. With the current conversion of 6,40,000 warrants, the company still has 3,35,000 warrants pending conversion from Riddhi Portfolio Private Limited.

Remaining Warrant Structure:

• Warrants Pending Conversion: 3,35,000 (Riddhi Portfolio)
• Additional Warrants Outstanding: 34,00,000 (Mr. Chaitanya Jalan)
• Original Issue Price: Rs. 2,100 per warrant
• Exercise Price: Rs. 1,575 per warrant

Regulatory Compliance

The allotment has been conducted in accordance with SEBI ICDR Regulations and disclosed under Regulation 30 of SEBI LODR Regulations, 2015. The newly allotted equity shares rank pari passu with existing equity shares, ensuring equal rights for all shareholders. The disclosure also reveals encumbered shares totaling 1,23,00,000 shares across promoter entities.

Ramkrishna forgings Limited has announced the vesting of 165,176 Employee Stock Options (ESOPs) to eligible employees under its Employee Stock Option Scheme 2023. The company's Nomination and Remuneration Committee approved this vesting at its meeting held on March 26, 2026.

ESOP Vesting Details

The vested options comprise two distinct tranches with different exercise prices:

These vested options originate from ESOPs granted under the company's Employee Stock Option Scheme 2023, which is compliant with SEBI (SBEB) Regulations, 2021.

Original Grant Information

The vested ESOPs were part of larger grants made to eligible employees on different dates:

Exercise Timeline and Compliance

The vested options carry a four-year exercise window from the date of vesting. Eligible employees can exercise these options within this timeframe to convert them into equity shares of the company. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Framework

The Employee Stock Option Scheme 2023 operates under the regulatory framework established by SEBI Master Circular Ho/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The scheme ensures that the total number of shares covered by these options does not exceed the number of options granted, maintaining compliance with regulatory requirements.

The company has made this information available on its website at www.ramkrishnaforgings.com and has notified both BSE Limited and National Stock Exchange of India Limited about this development.