Ramkrishna Forgings has confirmed that there were no deviations or variations in the utilization of funds raised through its preferential issue for the quarter ended September 30, 2025. The company complied with Regulation 32 of the SEBI guidelines, ensuring funds were used as originally intended. This announcement affirms the company’s adherence to financial regulations and transparent fund management practices.
Preferential Issue Compliance
Ramkrishna Forgings confirms its adherence to regulatory standards regarding fund utilization. The company states that for the quarter ending September 30, 2025, there have been no deviations or variations in the use of funds raised through the preferential issue.
Financial Details
The preferential issue involved 9,75,000 warrants, convertible into equity shares priced at ₹2,100 per warrant, to promoters. The total amount raised was ₹51.19 Crores on August 14, 2025.
Fund Allocation
The raised funds have been allocated for the following purposes:
- Working Capital Repayment: Repaying working capital loans including demand loans and related interest payments.
- General Corporate Purposes: Utilizing up to 25% of the issue proceeds.
Monitoring and Review
The utilization of funds is monitored by India Rating & Research. The audit committee and auditors have reported no adverse comments regarding fund allocation or usage.
Source: BSE
