Postal ballot to reclassify MAA Chandi Financial Advisory from promoter to public
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Ramkrishna Forgings has sent a postal ballot notice seeking shareholder approval to reclassify MAA Chandi Financial Advisory Services (formerly Ramkrishna Rail and Infrastructure) from Promoter Group to Public category. The entity holds 65 lakh shares (3.57 percent of paid-up capital). Post reclassification, Promoter and Promoter Group holding will drop from 43.39 percent to 39.82 percent, while Public holding rises from 56.41 percent to 59.98 percent. BSE and NSE have already granted no objection. E voting runs from August 21 to September 19, 2026; results by September 22, 2026.
Promoter group stake falls to 39.82 percent from 43.39 percent, public holding rises to near 60 percent. No actual share sale, only a categorization change.