Ramkrishna Forgings Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on Jun 28, 2025
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Ramkrishna Forgings held an Extraordinary General Meeting on June 28, 2025, where shareholders voted on a special resolution to issue up to 9,75,000 warrants to promoters, each convertible into one equity share of Rs. 2 face value. A total of 297 members participated in voting (281 via remote e-voting and 16 at the meeting). The resolution was overwhelmingly approved with 11,33,44,127 shares (nearly 100%) voting in favor and only 4,646 shares (0%) against. Promoters holding 7,80,69,606 shares voted 100% in favor, public institutions voted 100% in favor, and public non-institutions voted 99.42% in favor. The scrutinizer (M.K. Sharma & Associates) confirmed the resolution passed with the requisite majority.
This is a small fund-raising move via promoter warrants and signals continued promoter confidence in the company. The dilution impact is minimal (under 0.2% of the existing large share base), so existing shareholders are unlikely to see meaningful equity dilution or negative price impact. Approval with near-unanimous support indicates strong shareholder trust in the promoter's capital infusion plan.