Ramkrishna Forgings Limited has informed the Exchange regarding Allotment of 6,40,000 Equity Shares to Riddhi Portfolio Private Limited (Promoter) pursuant to exercise of warrants allotted on preferential basis.
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Ramkrishna Forgings has allotted 6,40,000 equity shares to its promoter Riddhi Portfolio Private Limited after conversion of warrants issued earlier on a preferential basis. The company received Rs. 100.80 crore (Rs. 1,575 per warrant as the balance 75% of the issue price of Rs. 2,100 per share). With this allotment, the paid-up equity share capital has risen to Rs. 36.33 crore, divided into 18,16,70,604 shares of Rs. 2 each. The original 9,75,000 warrants were allotted in August 2025, of which 3,35,000 warrants are still pending conversion.
This is a positive signal as the promoter is putting in additional capital (Rs. 100.80 crore), showing confidence in the business. The share count will see a small dilution, but since the warrants were already in the system, the market impact should be limited.