Riddhi Portfolio Private Limited has disclosed the acquisition of 50,000 equity shares in Ramkrishna Forgings Limited on November 12, 2026. This transaction, valued at an unspecified amount, represents a small addition to Riddhi Portfolio’s existing significant holdings in the target company. Following the acquisition, Riddhi Portfolio and its persons acting in concert hold approximately 41.04% of Ramkrishna Forgings’ total equity capital.
Disclosure of Share Acquisition
Riddhi Portfolio Private Limited has formally announced the acquisition of 50,000 equity shares in Ramkrishna Forgings Limited. The transaction took place on November 12, 2026, and the disclosure has been made in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Current Holding and Transaction Details
Prior to this acquisition, Riddhi Portfolio Private Limited and its associated persons held a substantial stake in Ramkrishna Forgings Limited. The document details that before the current transaction, the combined holding of Riddhi Portfolio Private Limited and its Persons Acting in Concert (PACs) was 7,60,94,606 shares, representing 41.01% of the total share capital. After the acquisition of 50,000 shares, the total holding increases, with the percentage slightly adjusting to reflect the expanded share count. Specifically, Riddhi Portfolio Private Limited’s direct holding in shares carrying voting rights before the acquisition was 6,34,32,039 shares (34.18%), and after the acquisition, it stands at 6,34,82,039 shares (34.21%).
The total equity share capital of Ramkrishna Forgings Limited, before and after the acquisition, is noted as approximately Rs. 37,11,40,034, representing 18,55,70,017 Equity Shares of Rs. 2/- each. The mode of acquisition is stated as ‘Open Market’.
Key Persons Acting in Concert
The disclosure also lists the key individuals and entities considered as Persons Acting in Concert (PACs) with Riddhi Portfolio Private Limited. These include Mr. Naresh Jalan, Mr. Chaitanya Jalan, Mrs. Rashmi Jalan, Naresh Jalan HUF, Mrs. Radhika Jalan, Mr. Mahabir Prasad Jalan, Mahabir Prasad Jalan HUF, and Ms. Riddhi Jalan. The acquirer, Riddhi Portfolio Private Limited, is confirmed to belong to the Promoter/Promoter group.
Source: BSE
