Ramkrishna Forgings Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on Jun 28, 2025
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Ramkrishna Forgings held an Extraordinary General Meeting (EGM) on June 28, 2025, via video conferencing, attended by 59 members and concluded in about 40 minutes. The only special business transacted was the issue of up to 9,75,000 convertible warrants (each convertible into one equity share of face value Rs. 2) to the promoter of the company on a preferential basis, in line with SEBI ICDR Regulations. Since Managing Director Naresh Jalan was deemed interested, Whole-time Director & CFO Lalit Kumar Khetan chaired the meeting. Voting was conducted through remote e-voting and an insta-poll at the meeting, with the scrutinizer's report and final voting results to be filed within statutory timelines. The resolution is deemed to have been passed on the EGM date.
Promoter-led fundraise via convertible warrants signals continued promoter confidence and will bring in fresh capital once exercised, but may also lead to equity dilution for existing minority shareholders. Investors should watch for the scrutinizer's report and voting results for the final outcome.