Riddhi Portfolio Private Limited has disclosed the acquisition of 50,000 equity shares in Ramkrishna Forgings Limited. This transaction, subject to SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, brings Riddhi Portfolio’s total holding in the target company to 34.18% of its total equity share capital after the acquisition. The disclosure was made on November 9, 2026.
Acquisition Details
Riddhi Portfolio Private Limited has formally announced the acquisition of 50,000 equity shares in Ramkrishna Forgings Limited, the target company. This disclosure is made in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Shareholding Changes
Prior to this acquisition, Riddhi Portfolio Private Limited, along with Persons Acting in Concert (PACs), held a total of 7,60,44,606 shares, representing 40.98% of the total share capital of Ramkrishna Forgings Limited. Following the acquisition of the additional 50,000 shares, the total holding by Riddhi Portfolio Private Limited and its PACs has increased to 6,34,32,039 shares, accounting for 34.18% of the total equity share capital.
The acquisition was made through the Open Market route. The company also noted that the total diluted share/voting capital of the target company remains unchanged at 18,55,70,017 Equity Shares with a face value of Rs. 2/- each.
Encumbrance and Re-classification
The disclosure also mentions shares held in the nature of encumbrance. Riddhi Portfolio Private Limited has 1,10,00,000 equity shares in encumbrance, and Mr. Naresh Jalan has 13,00,000 equity shares in encumbrance, which have not been included for the calculation of total holding.
Furthermore, the company has received a No Objection Certificate (NOC) for the re-classification of MAA Chandi Financial Advisory Services Pvt Ltd from ‘Promoter and Promoter Group’ to ‘Public’ Category, effective from September 19, 2026, following shareholder approval.
Source: BSE
