Riddhi Portfolio Private Limited (RPPL) has disclosed a series of transactions involving its shareholding in Ramkrishna Forgings Limited (RKFL) throughout early 2026. Key events include further acquisitions in February and March 2026, alongside several disclosures related to the creation and subsequent release of encumbrances (pledges). These activities reflect ongoing strategic management of the promoter holding by RPPL and its Persons Acting in Concert (PACs).
RPPL’s Strategic Share Movements (2025-2026)
Riddhi Portfolio Private Limited (RPPL), acting in concert with various identified persons, has systematically updated its filings regarding its stake in Ramkrishna Forgings Limited (RKFL). These filings, occurring between 2023 and 2026, detail both acquisitions and the management of pledged shares.
Share Acquisitions and Holding Updates
The disclosed acquisitions illustrate RPPL and its PACs increasing their voting rights percentage incrementally over time. For instance, a disclosure on March 14, 2026, related to an acquisition of 30,000 Equity Shares, followed earlier transactions.
A significant pre-acquisition holding detailed in a March 2025 filing showed the group held 7,80,08,114 shares, representing 43.15% of the total voting capital. Following the acquisition detailed in that period, the post-acquisition holding stood at 7,80,38,114 shares.
Management of Share Encumbrances
A recurring theme across the documentation involves the creation and release of pledges against the shares held by the group. A major creation of encumbrance involved 45,00,000 equity shares, which was reported on multiple dates, often coinciding with financing activities.
- A disclosure on June 27, 2025 confirmed the creation of a pledge over 45,00,000 shares.
- A subsequent filing on September 24, 2025 detailed the release of this 65,00,000 equity share pledge, which was created on September 18, 2025.
The latest filing reviewed here, dated March 18, 2026, confirms the release of a pledge involving 45,00,000 equity shares that had been created on February 18, 2026. This release signifies the unwinding of temporary financial arrangements secured against their stake in RKFL.
Amalgamation Event
A critical event documented in June 2024 involved a corporate restructuring: the amalgamation of Eastern Credit Capital Private Limited (ECCPL) with RPPL, sanctioned by the NCLT. This transfer resulted in RPPL acquiring 2,26,11,651 Equity Shares previously held by ECCPL, thereby increasing RPPL’s shareholding substantially and further consolidating the promoter group’s control.
Source: BSE
