Ramkrishna Forgings Limited has submitted a statutory auditor certificate to stock exchanges confirming its compliance with SEBI regulations regarding preferential share warrants. The certificate was issued by the company's statutory auditors S K Naredi & Co. LLP and submitted to both BSE and NSE on April 11, 2026.

Regulatory Compliance Certificate

The certificate was issued pursuant to Regulation 169(5) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018. S K Naredi & Co. LLP, serving as joint statutory auditors alongside S.R Batliboi Co. LLP, certified that Ramkrishna Forgings Limited maintains compliance with Regulation 169(4) of SEBI ICDR Regulations.

Warrant Issuance Details

The certificate relates to preferential convertible warrants issued by the company on August 14, 2025. The warrants were issued following a special resolution passed by members on June 28, 2025, and subsequent board approval on August 14, 2025.

Payment Structure and Verification

The warrant scheme follows a structured payment mechanism as per SEBI guidelines. The auditors verified the proper receipt of consideration amounts and confirmed compliance with regulatory requirements.

Payment Schedule:

• Initial Payment (25%): Rs 51,18,75,000/- received on or before August 14, 2025
• Balance Payment (75%): Rs 1,575/- per warrant upon exercise of conversion rights
• Verification Period: March 1, 2026 to March 31, 2026 for balance payments

Auditor's Scope and Opinion

The statutory auditors conducted their examination in accordance with the Guidance Note on Reports or Certificates for Special Purposes issued by the Institute of Chartered Accountants of India. Their scope included verification of bank statements, resolution documents, and management representations.

Key Verification Areas:

• Receipt of consideration from respective allottee's bank account
• Confirmation of no circulation of funds or book entries manipulation
• Maintenance of relevant records as per ICDR Regulations
• Proper documentation of warrant conversion processes

The auditors concluded that the company's practices align with sub-para (4) of para 169 of Part VI of Chapter V of the ICDR Regulations, and all relevant documents are properly maintained. The certificate has been made available on the company's website at www.ramkrishnaforgings.com for stakeholder reference.

Ramkrishna Forgings Limited has announced the commencement of commercial production at its new horizontal casting line facility, marking a significant milestone in the company's expansion into the automotive casting segment. The facility became operational on March 31, 2026, adding substantial manufacturing capacity to the company's operations.

New Production Facility Details

The company has launched commercial production of the Horizontal Casting Line "DISA FLEX 80" at Plant VIII, located in Village Bholodih, P.O. Kolabira, District Saraikela-Kharswan, Jharkhand. The facility is designed to manufacture casting products that meet quality standards and customer requirements across the automotive sector.

Investment and Financing Structure

The new casting line represents a substantial capital investment as part of the company's strategic expansion plans. The project has been funded through a combination of financing sources to support the company's growth objectives.

Strategic Rationale and Market Positioning

The company's expansion into the automotive casting space is driven by its strategic objective to provide a comprehensive product portfolio. The new facility enables Ramkrishna Forgings to offer a complete bouquet of products in the automotive space to both existing customers and new clients in the casting segment.

This capacity addition represents the company's first foray into casting operations, as it previously had no existing capacity in this segment. The horizontal casting line technology is capable of producing high-quality casting products that align with automotive industry standards and specific customer requirements.

Regulatory Compliance and Disclosure

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure requirements as specified under the SEBI Master Circular, ensuring transparency with stakeholders regarding this significant operational development.