Riddhi Portfolio Private Limited, a Promoter of Ramkrishna Forgings Limited (Target Company), has acquired 17,50,000 Equity Shares from fellow Promoter, Mr. Naresh Jalan. The transaction, an inter-se transfer finalized on March 25, 2026, was executed at a price of Rs. 495.00 per share. This movement among existing Promoters qualifies for an exemption, meaning the aggregate holding of the Promoter Group remains unchanged.
Announcement of Inter-Se Promoter Share Transfer
Riddhi Portfolio Private Limited (Acquirer), acting as a Promoter of Ramkrishna Forgings Limited (Target Company), has formally reported a significant acquisition of equity shares. This acquisition involved the purchase of 17,50,000 Equity Shares from Mr. Naresh Jalan, who is also a Promoter and Managing Director of the Target Company.
Transaction Details
The transaction was officially completed on March 25, 2026. The price realized for the transfer was Rs. 495.00 per share (Trade Price). This specific transaction constitutes an inter-se transfer of shares among existing Promoters, undertaken as part of an internal restructuring exercise.
Impact on Shareholding Structure
Crucially, because this transfer falls under the regulatory exemption criteria for inter-se promoter transfers, the aggregate holding of the Promoter and Promoter Group remains unchanged before and after the transaction.
Shareholding Breakdown
The disclosure provides a detailed look at the shareholding before and after the transfer as of the date of transfer:
- Riddhi Portfolio Private Limited (Acquirer/Transferee): Increased its holding from 6,05,57,039 shares (33.45%) to 6,23,07,039 shares (34.42%) on a non-diluted basis.
- Naresh Jalan (Seller/Transferor): Decreased his holding from 45,15,425 shares (2.49%) to 27,65,425 shares (1.53%) on a non-diluted basis.
The total shares acquired equate to 0.97% of the total share capital on a non-diluted basis. The filing date for this report was March 30, 2026.
Source: BSE
