Ramkrishna Forgings Limited has informed the Exchange regarding 'Pursuant to Regulation 169(5) of SEBI ICDR Regulations, 2018, please find enclosed herewith a certificate issued by M/s S K Naredi & Co. LLP, Chartered Accountants, Statutory Auditors of the Company, certifying that the Company is in compliance with Regulation 169(4) of SEBI ICDR Regulations, 2018'.
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Ramkrishna Forgings Limited has submitted a compliance certificate from its statutory auditors S K Naredi & Co. LLP confirming that the company is in compliance with Regulation 169(4) of SEBI ICDR Regulations, 2018. The certificate relates to preferential convertible warrants issued on 14 August 2025, where 975,000 warrants were issued to a Promoter at Rs 2,100 each (face value Rs 2 + premium Rs 2,098). The auditors verified receipt of 25% application money (Rs 51.19 crore) in August 2025 and the remaining 75% consideration (Rs 1,575 per warrant for 640,000 warrants) received in March 2026. The auditors confirmed funds were received from the allottee's bank account with no circulation of funds or mere book entry passing.
This is a routine regulatory compliance filing confirming proper receipt of warrant conversion money. The conversion of warrants to equity shares increases the company's paid-up capital. For shareholders, this confirms the company follows proper regulatory procedures for preferential issuances.