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.

Ramkrishna Forgings Limited has announced the commencement of commercial production at its new aluminium forging facility, marking a strategic expansion into a new segment of the forging industry. The company disclosed this development under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

New Aluminium Forging Facility Details

The company has commenced commercial production of its aluminium forging facility at Ramkrishna Forgings Limited – Plant V, located at Vill. Baliguma, PO Kolabira, Dist. Saraikela-Kharsawan, Jharkhand, effective January 20, 2026. The facility has been designed with a production capacity of 3,000.00 tonnes per annum (TPA).

Capacity Addition Overview

The aluminium forging facility represents a completely new vertical for the company. Prior to this addition, Ramkrishna Forgings had no existing capacity in aluminium forging, making this a greenfield expansion into an entirely new product category.

Strategic Rationale and Market Focus

The new aluminium forging facility is strategically positioned to enhance the company's presence in the electric vehicle (EV) market. This project enables Ramkrishna Forgings to make a foray into the specialized field of aluminium forging, diversifying its product portfolio beyond traditional steel forging operations.

The aluminium forging capability is particularly relevant for the automotive industry, especially in the context of lightweight components required for electric vehicles. This expansion aligns with the growing demand for aluminium components in the EV sector, where weight reduction is crucial for improving battery efficiency and vehicle performance.

Investment and Financing Structure

The total investment for the aluminium forging facility amounts to ₹57.50 crores. The company has adopted a balanced financing approach, utilizing a combination of debt financing and internal accruals to fund this capacity expansion. This financing strategy demonstrates the company's commitment to maintaining financial prudence while pursuing growth opportunities.

Regulatory Compliance and Disclosure

The announcement was made in compliance with SEBI regulations, specifically under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to the requirements outlined in SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024.

The disclosure has been made available on the company's website at www.ramkrishnaforgings.com , ensuring transparency and accessibility for all stakeholders. Company Secretary and Compliance Officer Rajesh Mundhra (ACS - 12991) has signed the regulatory filing, confirming the accuracy and completeness of the information provided.