Ramkrishna Forgings Limited announced the reclassification of MAA Chandi Financial Advisory Services Private Limited, formerly part of the Promoter Group, to the ‘Public’ category. This change was approved by shareholders via postal ballot on September 19, 2026. The entity now holds 65,00,000 shares, representing 3.57% of the company’s total equity capital.
Shareholder Approval for Reclassification
Ramkrishna Forgings Limited has officially announced the reclassification of one of its promoter group entities. MAA Chandi Financial Advisory Services Private Limited, previously identified as part of the ‘Promoter and Promoter Group’, has now been moved to the ‘Public’ category. This significant change in shareholding status was put to a vote by the company’s shareholders through a postal ballot process, which concluded on September 19, 2026.
Details of the Reclassified Entity
The reclassified entity, MAA Chandi Financial Advisory Services Private Limited (formerly known as Ramkrishna Rail And Infrastructure Private Limited), will now be classified under the ‘Public’ category. As per the disclosures, this entity holds 65,00,000 shares of Ramkrishna Forgings Limited. These shares constitute 3.57% of the total equity capital of the company. This reclassification is in accordance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This disclosure follows earlier intimations made by the company on various dates, including November 11, 2025, November 12, 2025, November 18, 2025, August 6, 2026, and August 20, 2026, pertaining to shareholder matters and regulatory compliances. The company has made the details of this reclassification available on its official website.
Source: BSE
