Ramkrishna Forgings’ board has approved a preferential issue of up to 34,00,000 warrants to promoter Mr. Chaitanya Jalan, convertible into equity shares at ₹588 per warrant, totaling ₹199.92 Crores. Additionally, the board approved the unaudited financial results for Q2 FY26, showcasing a profit of ₹13,612.26 Lakhs. An extra general meeting is set for December 12, 2025, to seek shareholder approval.
Warrant Issuance to Promoter
The Ramkrishna Forgings board has given the green light to issuing up to 34,00,000 warrants to Mr. Chaitanya Jalan, a promoter of the company. Each warrant is priced at ₹588, and is convertible into one equity share. The total value of this preferential issue amounts to ₹199.92 Crores. A minimum of 25% of the warrant exercise price shall be payable at the time of subscription of each warrant.
Details of the Preferential Issue
Post-issuance, Mr. Jalan’s holding will increase to 3.48% assuming full conversion of the warrants. The relevant date for the issue, in terms of SEBI ICDR Regulations, 2018, is Wednesday, 12 November, 2025. Shareholders will need to approve this issuance at an upcoming extraordinary general meeting.
Q2 FY26 Financial Results
For the quarter ended September 30, 2025, Ramkrishna Forgings reported a profit of ₹13,612.26 Lakhs. Revenue from operations stood at ₹90,753.00 Lakhs. The company’s total comprehensive income for the quarter was ₹13,497.34 Lakhs.
Board Meeting Outcomes
The board meeting, held on Wednesday, 12 November, 2025, also approved the unaudited statement of assets and liabilities as of September 30, 2025. Additionally, the board appointed India Ratings and Research Private Limited as the Monitoring Agency for the warrant issuance.
Extraordinary General Meeting
An Extraordinary General Meeting will convene on Friday, 12 December, 2025, at 11:30 AM (IST) via video conferencing to seek approval for the preferential issue.
Source: BSE
