Ratnaveer Precision Engineering Limited announced significant capital raising activities through equity share allotment and warrant issuance to promoters and promoter group entities. The Board of Directors, in their meeting held on March 12, 2026, approved allotments totaling ₹47.49 crores across two separate transactions.

Equity Share Allotment Through Preference Share Conversion

The company allotted 1,24,772 equity shares of face value ₹10 each at an issue price of ₹148.27 per share to Managing Director Vijay Sanghavi. This allotment resulted from the conversion of 18,50,000 compulsory convertible preference shares that were issued earlier on a preferential basis.

Following this allotment, the company's paid-up equity share capital increased to ₹67,99,52,350, divided into 6,79,95,235 equity shares of ₹10 each. The conversion was executed after receiving a request letter from the allottee on March 11, 2026, in accordance with Chapter V of the SEBI (ICDR) Regulations, 2018.

Warrant Allotment to Promoter Group

Simultaneously, the Board approved the allotment of 72,32,704 warrants at ₹159.25 per warrant to promoters and promoter group entities. Each warrant carries a premium of ₹149.25 and is convertible into one equity share of face value ₹10 within 18 months of allotment.

The warrant allotment raised ₹28,79,52,028 from the three entities, with the post-preferential issue shareholding calculated on a fully diluted basis assuming complete conversion of all warrants into equity shares.

Regulatory Compliance and Meeting Details

Both allotments were executed in compliance with Regulation 30 of the SEBI Listing Regulations and relevant SEBI circulars. The Board meeting commenced at 3:00 PM IST and concluded at 4:30 PM IST on March 12, 2026, with all necessary approvals granted for the capital raising activities.

The warrant holders have 18 months from the allotment date to exercise their conversion rights by paying the remaining amount as per SEBI (ICDR) Regulations, 2018. The company has provided detailed annexures to the stock exchanges containing comprehensive information about both allotments as required under regulatory guidelines.

Ratnaveer Precision Engineering Limited has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, in compliance with Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 41 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report was issued by Crisil Ratings Limited, the appointed monitoring agency, confirming no deviation in the utilisation of QIP proceeds.

QIP Fund Raising and Utilisation Overview

The company successfully raised Rs.1,855.00 crores through its Qualified Institutional Placement on December 4, 2025. During the quarter ended December 31, 2025, the company utilised Rs.295.00 crores from the total proceeds, representing approximately 15.90% of the funds raised.

Detailed Fund Utilisation Breakdown

The monitoring agency report provides comprehensive details of fund deployment across different objects. The utilisation pattern shows strategic allocation with significant focus on working capital requirements and issue expenses.

Monitoring Agency Assessment

Crisil Ratings Limited, in its comprehensive monitoring report dated February 2, 2026, confirmed that all fund utilisation was in accordance with the objects stated in the offer document. The monitoring agency verified that Rs.263.40 crores were utilised towards working capital requirements through adjustment in cash credit facility, while Rs.31.60 crores were deployed for issue expenses including BRLM fees, legal counsel charges, and advertisement expenses.

Deployment of Unutilised Proceeds

The company has deployed the unutilised proceeds of Rs.1,560.00 crores in various fixed deposits across multiple banks including Bandhan Bank, Axis Bank, IDBI Bank, and YES Bank. The investments are earning returns ranging from 6.60% to 7.00% per annum, with most fixed deposits having maturity dates in December 2026 and January 2027.

Regulatory Compliance and Documentation

The monitoring agency report was signed by Shounak Chakravarty, Director, Ratings (LCG) at Crisil Ratings Limited. The company's Managing Director, Vijay Sanghavi (DIN: 00495922), submitted the report to both NSE and BSE on February 2, 2026. The report confirms that all statutory requirements have been met and no adverse comments were received from the Audit Committee regarding fund utilisation.