Riddhi Portfolio Private Limited has submitted a crucial disclosure concerning the conversion of warrants into equity shares of Ramkrishna Forgings Limited. This transaction, dated June 9, 2026, involved 3,35,000 warrants being converted into an equal number of fully paid-up equity shares of face value Rs. 2/-. This filing adheres to the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, providing transparency on significant stake changes.
Disclosure of Warrant Conversion
Riddhi Portfolio Private Limited has officially filed a disclosure in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure pertains to the conversion of warrants into equity shares of Ramkrishna Forgings Limited, referred to as the Target Company.
Transaction Details
The transaction involved the conversion of 3,35,000 warrants into 3,35,000 fully paid-up equity shares of Ramkrishna Forgings Limited. Each equity share carries a face value of Rs. 2/- (Rupees Two). This conversion was executed in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The effective date for this disclosure is June 9, 2026.
Holdings Before and After Acquisition
Prior to this acquisition, Riddhi Portfolio Private Limited and its Persons Acting in Concert (PACs) held a significant stake in Ramkrishna Forgings Limited. The total holding, including shares and voting rights, stood at 7,87,09,606, representing 43.33% of the total share capital and 42.41% of the total diluted share capital.
Following the conversion, the total holding of Riddhi Portfolio Private Limited and its PACs increased. The total number of shares carrying voting rights is now 7,90,44,606, constituting 43.40% of the total share capital and 42.59% of the total diluted share capital.
Specifically, Riddhi Portfolio Private Limited acquired 3,35,000 shares carrying voting rights, representing 0.18% of the total share capital and 0.18% of the total diluted share capital.
Encumbrance and Other Details
The disclosure also details shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/others). Before the acquisition, these amounted to 1,23,00,000 shares, representing 6.76% of the total share capital and 6.63% of the total diluted share capital. Post-acquisition, these encumbered shares remain at 1,23,00,000, accounting for 6.75% and 6.63% respectively.
Additionally, warrants/convertible securities held by Mr. Chaitanya Jalan amount to 34,00,000, representing 1.83% of the total diluted share capital.
The total holding post-acquisition, encompassing all categories (shares, VRs, warrants, encumbrance), stands at 8,24,44,606, representing 43.40% of the total share capital and 44.42% of the total diluted share capital.
Target Company Information
The Target Company is Ramkrishna Forgings Limited. The equity share capital of the Target Company before the said acquisition was Rs. 36,36,70,034/- (18,18,35,017 Equity Shares of face value Rs. 2/- each). After the acquisition, the equity share capital is Rs. 36,43,40,034/- (18,21,70,017 Equity Shares of face value Rs. 2/- each). The total diluted share/voting capital of the TC after the acquisition is Rs. 37,11,40,034/- (18,55,70,017 Equity Shares of face value Rs. 2/- each).
It is noted that 1,10,00,000 Equity Shares held by Riddhi Portfolio Private Limited and 13,00,000 Equity Shares held by Mr. Naresh Jalan in the nature of encumbrance have not been included for the purposes of calculation of total holding.
An application for reclassification of Maa Chandi Financial Advisory Services Private Limited from ‘Promoter and Promoter Group’ to ‘Public category’ is pending approval.
Source: BSE
