Ramkrishna Forgings Limited has informed stock exchanges about the cessation of two subsidiaries following the implementation of a court-approved amalgamation scheme. The development follows the National Company Law Tribunal's approval and represents a significant corporate restructuring within the company's subsidiary framework.

NCLT Approval and Scheme Details

The Hon'ble National Company Law Tribunal, Kolkata Bench sanctioned the scheme of amalgamation on February 27, 2026. The scheme involves the merger of two subsidiaries with another group company under the provisions of Section 230 to 232 of the Companies Act, 2013.

Companies Involved in Amalgamation

The amalgamation scheme encompasses three entities within the Ramkrishna Forgings group structure:

Transferor Companies:

• Mal Metalliks Private Limited - Step down wholly owned subsidiary (Transferor Company No. 1)
• Multitech Auto Private Limited - Wholly owned subsidiary (Transferor Company No. 2)

Transferee Company:

• Ramkrishna Casting Solutions Limited (formerly JMT Auto Limited) - Wholly owned subsidiary

Implementation and Legal Compliance

The scheme became effective on March 25, 2026, following the filing of certified copies of the NCLT order in e-form INC-28 with the Registrar of Companies, Kolkata. The filing was completed at the close of business hours on March 25, 2026.

Consequent to the scheme's effectiveness, both Mal Metalliks Private Limited and Multitech Auto Private Limited have been dissolved without winding up. These entities have ceased to be subsidiaries of Ramkrishna Forgings Limited with effect from March 25, 2026.

Regulatory Disclosure

The company has made this disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been communicated to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with listing requirements.

The company has also made this information available on its official website at www.ramkrishnaforgings.com , maintaining transparency with stakeholders and the investing public.

Ramkrishna Forgings Limited witnessed a significant block trade on the National Stock Exchange (NSE) during the pre-open trading session, highlighting substantial institutional activity in the stock.

Block Trade Details

The large-volume transaction demonstrated considerable investor interest in the automotive component manufacturer's shares during off-market hours.

Market Significance

Block trades are typically executed by institutional investors, mutual funds, or large stakeholders looking to transact substantial volumes without impacting regular market prices. These transactions occur during pre-open or post-close sessions to ensure minimal market disruption.

The execution price of ₹495 per share for approximately 1.75 million shares indicates significant institutional participation in Ramkrishna Forgings' equity. Such large-volume trades often reflect strategic portfolio adjustments or stake changes by major investors.

Transaction Impact

The block trade represents a substantial transaction value of ₹86.63 crore, demonstrating the scale of institutional interest in the company's shares. Pre-open session execution suggests careful planning to minimize any potential impact on regular trading hours.