Ratnaveer Precision Engineering has received a shareholding disclosure from Astorne Capital VCC-Arven under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure reveals a significant reduction in the investment firm's stake through open market transactions.

Transaction Details

Astorne Capital VCC-Arven executed a substantial divestment by selling 15,00,000 shares of Ratnaveer Precision Engineering between December 11-24, 2025. The transactions were conducted through open market sales, representing a strategic reduction in the firm's equity position.

Shareholding Position Changes

The sale resulted in a notable decrease in Astorne Capital's ownership stake in the steel sector company. The firm's shareholding position shifted significantly following the completion of these transactions.

Company Capital Structure

Ratnaveer Precision Engineering maintains a stable capital structure with no changes to its total equity base during this transaction period. The company's shares are listed on both major Indian stock exchanges.

Regulatory Compliance

The disclosure was filed in compliance with SEBI regulations governing substantial acquisition and disposal of shares. Astorne Capital VCC-Arven, identified as a non-promoter entity, submitted the required documentation from Singapore on December 26, 2025. The firm operates alongside Beacon Stone Capital VCC-Beacon Stone as persons acting in concert, though this particular transaction involved only Astorne Capital's holdings.

Ratnaveer Precision Engineering Limited's Board of Directors has successfully executed significant capital restructuring decisions during their meeting held on December 12, 2025, completing equity share allotment and approving new warrant issuance in compliance with SEBI regulations.

Board Meeting Outcome and Regulatory Compliance

The board meeting, conducted in compliance with Regulation 30 of SEBI Listing Regulations, commenced at 3:00 PM IST and concluded at 4:28 PM IST on December 12, 2025. The company has formally notified both NSE and BSE about the meeting outcomes, demonstrating adherence to regulatory disclosure requirements.

Equity Share Allotment Completed

The company has completed the allotment of 20,27,972 equity shares upon exercise of warrants issued earlier on a preferential basis in accordance with Chapter V of SEBI (ICDR) Regulations, 2018. The company received the balance subscription money from warrant holders, enabling the completion of this allotment.

Updated Share Capital Position

Following the allotment, the company's paid-up equity share capital has increased to ₹67,87,04,630, divided into 6,78,70,463 equity shares of ₹10.00 each. This represents a significant expansion in the company's equity base and strengthens its capital structure.

New Warrants Issue Approved

The board has approved the issuance of 72,32,704 warrants on a preferential basis to promoters and promoter group members in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. These warrants are convertible into equity shares within the specified timeframe.

Extraordinary General Meeting Scheduled

To formalize the new warrant issuance, the company has scheduled an Extraordinary General Meeting (EGM) for January 10, 2025, at 1:00 PM through video conferencing/other audio-visual means. The EGM notice will be shared in due course, allowing shareholders to participate in the decision-making process for this preferential issue.