Naresh Jalan, a Promoter of Ramkrishna Forgings Ltd., has formally disclosed an inter-se transfer of 17,50,000 Equity shares to Riddhi Portfolio Private Limited, another Promoter entity. The transaction, executed on March 25, 2026, falls under standard exemption guidelines, meaning the aggregate holding of the Promoter Group remains unchanged. The disclosure format details the comprehensive shareholding pattern both before and after this specific transaction for transparency.
Disclosure of Inter-Se Promoter Share Transfer
Mr. Naresh Jalan, serving as a Promoter of Ramkrishna Forgings Limited (the Target Company), has officially announced a transaction involving the sale of 17,50,000 Equity shares. The shares were sold to Riddhi Portfolio Private Limited, which is also a Promoter of the company. This transfer was executed on March 25, 2026.
This specific transaction qualifies for exemption under the relevant regulations, as it constitutes an inter-se transfer amongst the Promoters. Consequently, the disclosure confirms that the aggregate shareholding percentage held by the entire Promoter and Promoter Group remains constant both before and after the sale.
Detailed Shareholding Context (Before Transaction)
The filing provides a detailed breakdown of the shareholding pattern among the Promoter Group before the sale. The total pre-transaction voting rights held by the seller group (Seller and Persons Acting in Concert) stood at 7,80,69,606 shares, representing 43.12% of the total capital.
- Mr. Naresh Jalan held 45,15,425 shares (2.49% stake).
- Riddhi Portfolio Private Limited held a substantial 6,05,57,039 shares (33.45% stake).
- Encumbrances (pledges/undertakings) on the holding group amounted to 1,23,00,000 shares (6.79% stake).
Impact of the Sale
The sale of 17,50,000 shares by Mr. Naresh Jalan to Riddhi Portfolio Private Limited resulted in the following immediate changes:
- Mr. Naresh Jalan’s holding decreased by 17,50,000 shares, bringing his new count to 27,65,425 shares (1.53% stake).
- Riddhi Portfolio Private Limited’s holding increased proportionally, resulting in a post-acquisition stake of 6,23,07,039 shares (34.42% stake).
The total holding of the Seller Group post-acquisition stands at 8,24,44,606 shares, still representing 43.12% of the total share capital, confirming the classification of the transaction as an inter-se transfer without affecting the overall promoter control.
Capital Structure Notes
The disclosure notes that the total diluted share capital of the Target Company post-acquisition is based on 18,54,05,604 Equity Shares (face value of Rs. 2/- each). Furthermore, the filing clarifies that certain equity shares held under encumbrance by Riddhi Portfolio Private Limited (1,10,00,000 shares) and by Mr. Naresh Jalan (13,00,000 shares) were excluded from the calculation of total holding for regulatory purposes, as they are not immediately disposable.
Source: BSE
