The Board of Directors of Ramkrishna Forgings has approved the request for reclassification of Ramkrishna Rail Infrastructure Private Limited (RRIPL) from the ‘Promoter Group’ to the ‘Public’ category. RRIPL holds 65,00,000 Equity Shares, constituting 3.59% of the company’s equity share capital. The reclassification is subject to stock exchange and shareholder approvals.
Reclassification Request Approved
The Board of Directors considered and approved a request received from Ramkrishna Rail Infrastructure Private Limited (RRIPL), a member of the ‘Promoter Group’. RRIPL requested to be reclassified from ‘Promoter Group’ category to ‘Public’ category. The decision was made during a board meeting held on November 12, 2025.
Details of Shareholding and Rationale
RRIPL currently holds 65,00,000 Equity Shares of Ramkrishna Forgings, which constitutes approximately 3.59% of the company’s total Equity Share Capital. The rationale for seeking reclassification includes that RRIPL is not directly or indirectly associated with the business operations of Ramkrishna Forgings and does not have any control over the company’s management or policy decisions. Also, no member of the Promoter & Promoter Group of Ramkrishna Forgings controls more than one-half of the total voting power of RRIPL or controls its board composition.
Conditions for Reclassification
The reclassification is subject to several conditions, including obtaining the necessary approvals from the Stock Exchanges and the shareholders of Ramkrishna Forgings. The board has taken note of the confirmation received from RRIPL that they meet all specified criteria for reclassification, as outlined by regulatory guidelines.
Source: BSE
