Ramkrishna Forgings has approved the allotment of 34,00,000 warrants to promoter Mr. Chaitanya Jalan, for a total consideration of ₹199.92 Crore. Each warrant is priced at ₹588 and is convertible into one equity share. 25% of the issue price has been received upfront. The allotment was approved during a board meeting held on January 14, 2026.
Warrant Allotment Details
The Capital Market Committee of Ramkrishna Forgings’ Board of Directors approved the allotment of 34,00,000 warrants to the promoter of the company, Mr. Chaitanya Jalan, during its meeting held on January 14, 2026. The decision follows approvals from the Board of Directors (November 12, 2025) and the members of the Company (December 12, 2025).
Financial Implications
The issue price per warrant is fixed at ₹588, resulting in a total consideration of ₹199.92 Crore. The company received 25% of the issue price upfront, amounting to ₹49.98 Crore. Each warrant provides the holder the right to apply for one equity share (face value of ₹2) within 18 months from the date of allotment, subject to payment of the balance consideration of ₹441 per warrant.
Post-Allotment Shareholding
Post allotment, and assuming full conversion of all warrants, Mr. Chaitanya Jalan’s holding will increase from 1.68% to 3.48%. No change in the paid-up equity share capital of the Company is expected as a result of the allotment.
Source: BSE
