Ramkrishna Forgings Limited , a leading manufacturer in the forging industry, has announced significant corporate actions including a preferential warrant issue and a reclassification request from a promoter group entity.

Preferential Warrant Issue

The Board of Ramkrishna Forgings has approved the issuance of up to 34,00,000 convertible warrants to promoter Mr. Chaitanya Jalan at Rs 588.00 per warrant, aggregating to Rs 199.92 crores. Key details of the warrant issue include:

• Conversion period: Within 18 months
• Shareholder approval: Required at an Extraordinary General Meeting scheduled for December 12, 2025
• Impact on promoter shareholding: Post-conversion, the promoter's shareholding would increase from 1.68% to 3.48%

The company has also appointed India Ratings and Research Private Limited as the monitoring agency for proceeds utilization.

Reclassification Request

Separately, Ramkrishna Rail Infrastructure Private Limited (RRIPL), a promoter group entity, has requested reclassification from the promoter group category to the public category shareholder.

Key Details of the Reclassification Request

Reasons for Reclassification

RRIPL has provided several reasons to support its reclassification request:

1. No involvement in business operations
2. Lack of management involvement
3. No rights to appoint directors or control company decisions
4. Holds less than 10% voting rights
5. No control over company affairs
6. Absence of special rights or board representation
7. Not a key managerial person

Compliance Commitment

RRIPL has committed to comply with applicable Securities and Exchange Board of India (SEBI) regulations necessary for maintaining public category status.

Next Steps

The reclassification request will be considered by Ramkrishna Forgings' Board of Directors at their upcoming meeting scheduled for November 12, 2025. The board will evaluate the request based on the reasons provided and ensure compliance with relevant SEBI regulations.

Additionally, the company has approved quarterly results for the period ended September 30, 2025.

These corporate actions, if approved and implemented, could potentially alter the shareholding structure and capital position of Ramkrishna Forgings Limited. Shareholders and market participants will be watching the outcomes of these developments and any subsequent regulatory filings.

Ramkrishna Forgings Limited , a prominent player in the forging industry, has announced a significant development in its corporate restructuring efforts. The National Company Law Tribunal (NCLT), Kolkata Bench, has allowed the Second Motion Petition for the company's amalgamation scheme involving its subsidiaries.

Key Details of the Amalgamation Scheme

The approved scheme involves the merger of two subsidiaries with a third:

Timeline of Events

Legal Process and Next Steps

The NCLT has directed notices to be served to various statutory authorities, including:

• Central Government
• Registrar of Companies
• Income Tax authorities
• Other relevant regulators

These authorities have been given 30 days to file their representations. If no representations are received within this period, it will be presumed that they have no objections to the proposed scheme.

Transparency and Compliance

In line with regulatory requirements, Ramkrishna Forgings has made the tribunal order available on its website ( www.ramkrishnaforgings.com ). This move ensures transparency and keeps shareholders and other stakeholders informed about the ongoing corporate restructuring process.

Implications for Investors

While the amalgamation is a significant corporate action, it's important to note that the merging entities are already subsidiaries of Ramkrishna Forgings Limited. The consolidation may streamline operations and potentially lead to improved operational efficiencies within the group structure.

Investors and stakeholders should continue to monitor further developments as the amalgamation process progresses through the required legal and regulatory channels.

As the situation evolves, Ramkrishna Forgings is expected to provide updates to the stock exchanges and shareholders in accordance with regulatory guidelines.