Please find attached Monitoring Agency Reports
RKFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ramkrishna Forgings submitted two Monitoring Agency Reports from India Ratings & Research for Q4 FY26. The first report covers 34,00,000 convertible warrants issued in January 2026 at INR 588 per warrant (total INR 199.92 Crores), with only 25% upfront payment of INR 49.98 Crores received so far, balance to be received upon conversion within 18 months. The second report covers 9,75,000 convertible warrants issued in August 2025 at INR 2,100 per warrant (total INR 204.75 Crores), where 6,40,000 warrants have already been converted to equity shares in March 2026, generating INR 100.80 Crores in proceeds. Total funds received across both issues amount to INR 201.97 Crores. Funds are being utilized for debt repayment (working capital loans) and general corporate purposes. India Ratings confirmed no deviation from the stated objects of the issues.
The warrant conversions and debt repayment focus indicate the company is actively managing its capital structure. The conversion of 6,40,000 warrants in March 2026 has already diluted equity and brought in additional capital. Remaining warrant conversions will further impact shareholding structure over the next 18 months.