Ramkrishna Forgings Limited has informed the Exchange regarding allotment of 335000 Equity shares pursuant to conversion of warrants allotted on Preferential basis at its meeting held on Jun 09, 2026
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Ramkrishna Forgings has allotted 335,000 equity shares to warrant holders who chose to convert their warrants into actual shares. These warrants were originally issued on a preferential basis to selected investors. The allotment was approved at the company's board meeting held on June 9, 2026. As a result, the company's total equity share count has gone up by 335,000 shares. This is part of a previously announced preferential allotment, not a fresh fundraising.
This conversion will lead to a slight dilution of existing shareholders' equity stake since more shares are now outstanding. The company does not receive new cash from this conversion as the warrant holders would have already paid the exercise price.