Riddhi Portfolio Private limited has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Riddhi Portfolio Private Limited, one of the promoters of Ramkrishna Forgings, has informed the exchanges about a proposed inter-se transfer of up to 19,00,000 equity shares (about 1.05% of share capital) from Mr. Naresh Jalan, the Promoter and Managing Director. The price will be capped at not more than 25% above the 60-day VWAP of Rs. 533.50. After the deal, Riddhi Portfolio's stake rises from 33.45% to 34.50%, while Naresh Jalan's holding drops from 2.49% to 1.44%. The total promoter group shareholding remains unchanged as this is just a reshuffle within the promoter family, qualifying for exemption under Regulation 10(1)(a)(ii) of SEBI takeover rules.
This is a neutral event for shareholders — it is an internal reshuffle within the promoter group with no change in total promoter ownership or voting power. No open offer is triggered, and there is no meaningful impact on the stock price expected from this transaction.