Ramkrishna Forgings has released its Monitoring Agency Report for the quarter ended September 30, 2025 (Q2 FY26), pertaining to the utilization of funds raised through a preferential issue. The report, prepared by India Ratings & Research, indicates no deviations from the stated objectives and confirms proper allocation of funds. During the quarter, ₹51.19 Crores was utilized towards debt repayment. The preferential issue involved convertible share warrants priced at ₹2,100 each.
Preferential Issue Monitoring
Ramkrishna Forgings has presented the Monitoring Agency Report concerning the preferential issue of convertible share warrants. The report, compiled by India Ratings & Research Private Limited, assesses fund utilization for the quarter ending September 30, 2025 (Q2 FY26).
Key Details of the Issue
The preferential issue consisted of 9,75,000 convertible warrants offered at a price of ₹2,100 per warrant (including a premium of ₹2,098). The issue period spanned from August 14, 2025, to August 17, 2025.
As of September 30, 2025, the company had received ₹525 per warrant, representing 25% of the total value as upfront consideration. This amounted to a total of ₹51.19 Crores received.
Fund Utilization
During Q2 FY26, the company utilized ₹51.19 Crores towards debt repayment. According to the report, no deviations from the objects outlined in the offer document were observed. The funds were transferred to the company’s Cash Credit Account, supporting debt repayment without reducing or canceling existing credit lines.
Source: BSE
