The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on June 19, 2025 for Riddhi Portfolio Pvt Ltd
RKFORGE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Promoter Riddhi Portfolio Private Limited has released a pledge on 45,00,000 equity shares (face value Rs. 2 each) of Ramkrishna Forgings, representing about 2.49% of the company's total share capital. The pledge was held with Tata Capital Limited and was released on 18 June 2025 to comply with SEBI ICDR lock-in requirements linked to a preferential issue. After this release, the promoter's encumbered shares stand at zero, while its overall holding in the company remains at 33.45% (60,55,703 shares). The disclosure was filed with both BSE and NSE under SEBI SAST Regulations.
This is a positive signal for shareholders as it removes the encumbrance on a portion of the promoter's stake, reducing financial risk and showing the promoter is freeing up shares, likely to meet SEBI lock-in rules for a preferential allotment. No change in effective promoter ownership has occurred.