Ramkrishna Forgings has announced a comprehensive expansion strategy designed to significantly enhance its manufacturing capabilities and diversify its product offerings. The company's ambitious growth plan encompasses multiple new facilities and product lines, positioning it for substantial capacity enhancement across key industrial segments.

Major Capacity Expansion Initiative

The expansion program centers around establishing substantial new manufacturing capabilities that will dramatically increase the company's production capacity. The initiative represents a strategic move to meet growing market demand across various industrial applications.

New Product Portfolio Development

Ramkrishna Forgings is diversifying its product range to include several high-growth segments. The company will venture into aluminum forgings, marking an expansion beyond its traditional steel forging operations. Additionally, the manufacturing of light commercial vehicle (LCV) products will add a new dimension to its automotive component offerings.

Railway Sector Focus

A significant component of the expansion involves manufacturing railway bogie assemblies, targeting the high-demand railway infrastructure segment. This strategic move aligns with India's ongoing railway modernization and expansion programs, positioning the company to capitalize on substantial government investments in rail infrastructure.

Strategic Timeline and Implementation

The comprehensive expansion program is scheduled to commence operations from Q4FY26, providing the company with a clear roadmap for growth implementation. This timeline allows for systematic capacity building and market preparation across all new product segments.

The multi-faceted expansion strategy demonstrates Ramkrishna Forgings' commitment to strengthening its market position through diversified manufacturing capabilities and enhanced production capacity across key industrial sectors.

Ramkrishna Forgings Limited has filed its quarterly monitoring agency report for the period ended December 31, 2025, detailing the utilization of proceeds from its preferential issue of convertible warrants. The report, prepared by India Ratings & Research Private Limited, confirms compliance with regulatory requirements under SEBI guidelines.

Issue Details and Fund Utilization

The company's preferential issue comprised 9,75,000 convertible warrants priced at INR 2,100 per warrant, including a premium of INR 2,098. The monitoring report reveals key financial details of the fund utilization:

The company received the upfront consideration of INR 525 per warrant on August 14, 2025, representing 25% of the total warrant value. The remaining 75% (INR 1,575 per warrant) will be collected when warrant holders exercise their conversion option during the 18-month tenure.

Fund Deployment and Compliance

According to the monitoring agency report, the entire amount of INR 51.19 crores received during the quarter was allocated for debt repayment as originally disclosed. The funds were specifically used for working capital loan repayment, including working capital demand loans and associated interest payments.

India Ratings & Research Private Limited confirmed no deviation from the stated objectives and reported compliance with all regulatory requirements. The monitoring agency noted that all utilization aligned with disclosures made in the offer document.

Regulatory Framework and Oversight

The monitoring report was filed pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company maintains transparency by making the report available on its website at www.ramkrishnaforgings.com , ensuring stakeholder access to utilization details.

The preferential issue was structured with two primary objectives: debt repayment (INR 153.57 crores) and general corporate purposes (INR 51.18 crores). The monitoring agency confirmed that the means of finance for disclosed objects remained unchanged, with no material deviations requiring additional shareholder approval.

Company Background and Promoter Details

Ramkrishna Forgings Limited operates in the manufacture and sale of forged components sector. The company's promoter group includes Naresh Jalan, Chaitanya Jalan, Rashmi Jalan, Radhika Jalan, Mahabir Prasad Jalan, Riddhi Jalan, and Riddhi Portfolio Private Ltd. The monitoring agency report indicates no unfavorable events affecting the viability of stated objectives during the reporting period.