Riddhi Portfolio Private Limited has filed a revised disclosure regarding the conversion of 3,35,000 warrants into an equal number of fully paid-up equity shares of Ramkrishna Forgings Limited. This transaction, involving shares with a face value of Rs. 2/- each, was completed on June 9, 2026, in compliance with SEBI regulations. The filing details the changes in shareholding and voting rights for Riddhi Portfolio and its associated persons acting in concert.
Disclosure on Share Acquisition
Riddhi Portfolio Private Limited has submitted a revised disclosure concerning the acquisition of shares, in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This disclosure pertains to the conversion of 3,35,000 warrants into 3,35,000 fully paid-up equity shares of Ramkrishna Forgings Limited, the target company. Each equity share has a face value of Rs. 2/-.
Transaction Details
The conversion was executed on June 9, 2026, and is in compliance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. This event marks a significant change in the shareholding pattern of Ramkrishna Forgings Limited involving Riddhi Portfolio Private Limited and its Persons Acting in Concert (PACs).
Shareholding Before Acquisition
Prior to this conversion, the aggregate shareholding of Riddhi Portfolio Private Limited and its PACs in Ramkrishna Forgings Limited was substantial. This included holdings by Riddhi Portfolio Private Limited itself, Mr. Naresh Jalan, Mr. Chaitanya Jalan, Mrs. Rashmi Jalan, Naresh Jalan HUF, Mrs. Radhika Jalan, Maa Chandi Financial Advisory Services Private Limited, Mr. Mahabir Prasad Jalan, Mahabir Prasad Jalan HUF, and Ms. Riddhi Jalan. The total shares held by the acquirer and PACs before the acquisition under consideration, for shares carrying voting rights, amounted to 6,29,47,039 shares for Riddhi Portfolio Private Limited, representing 34.62% of the total share capital.
Details of Acquisition
The acquisition details highlight the conversion of warrants. Specifically, 3,35,000 warrants held by Riddhi Portfolio Private Limited were converted into 3,35,000 equity shares. This conversion represents 0.18% of the total voting capital and 0.18% of the total diluted share capital after the acquisition.
Shareholding After Acquisition
Following the conversion, the total shareholding of Riddhi Portfolio Private Limited and its PACs in Ramkrishna Forgings Limited has been updated. The total number of shares carrying voting rights held by Riddhi Portfolio Private Limited after the acquisition is 6,32,82,039, representing 34.74% of the total share capital. The total diluted share/voting capital after the acquisition stands at 8,24,44,606 shares, which is 44.42% of the total diluted share/voting capital.
Key Financial Data
The equity share capital of the Target Company (Ramkrishna Forgings Limited) before the said acquisition was Rs. 36,36,70,034/-, representing 18,18,35,017 Equity Shares. After the acquisition, the equity share capital is Rs. 36,43,40,034/-, comprising 18,21,70,017 Equity Shares. The total diluted share/voting capital after the acquisition amounts to Rs. 37,11,40,034/-, representing 18,55,70,017 Equity Shares.
Note: Certain shares in the nature of encumbrance have not been included for the purposes of calculating total holding. An application for reclassification of Maa Chandi Financial Advisory Services Private Limited is currently pending approval from the Stock Exchanges.
Source: BSE
