Ramkrishna Forgings Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Ramkrishna Forgings Limited has filed a compliance statement under SEBI Regulation 32 confirming no deviation in fund utilization for two preferential issues. The first issue involved allotment of 34 lakh convertible warrants on 14 January 2026 at Rs. 588 per warrant, raising Rs. 49.98 crore (25% upfront). The second involved conversion of 6.40 lakh warrants into equity shares on 27 March 2026, raising Rs. 100.80 crore. Total funds raised across both issues amount to Rs. 150.78 crore. The funds were designated for repayment of working capital demand loans and general corporate purposes. An independent monitoring agency (India Ratings) has been appointed. Both the Audit Committee and auditors have reviewed and confirmed no deviations.
This is a routine compliance filing with no negative implications. The confirmation of proper fund utilization as per stated objects is a positive governance indicator for shareholders, showing the company deployed the raised capital as intended.