Ramkrishna Forgings’ board has approved the issuance of up to 34,00,000 warrants convertible into equity shares to promoter Mr. Chaitanya Jalan, totaling ₹199.92 Crores. The decision, made on November 12, 2025, is subject to shareholder and regulatory approvals. This move aims to strengthen the company’s financial position and support future growth initiatives.
Warrant Issuance Approved
The Board of Directors at Ramkrishna Forgings has given the go-ahead for issuing convertible warrants to a promoter category investor. The decision was finalized during a board meeting held on Wednesday, November 12, 2025.
Key Details of the Warrant Issuance
Up to 34,00,000 warrants will be issued, each convertible into one equity share. The issue price is set at ₹588 per warrant, accumulating to ₹199.92 Crores. These warrants are to be issued to Mr. Chaitanya Jalan, a promoter of the company.
Terms and Conditions
Warrant holders can exercise their rights attached to the warrants anytime within 18 months from the date of allotment. At least 25% of the warrant exercise price shall be payable at the time of subscription.
Extraordinary General Meeting
An Extraordinary General Meeting will convene on Friday, December 12, 2025, at 11:30 AM (IST), via video conferencing, seeking shareholder approval for the preferential issue.
Monitoring Agency
India Ratings and Research Private Limited, a SEBI-registered Credit Rating Agency, has been appointed as the Monitoring Agency for overseeing the utilization of proceeds from this warrant issuance.
Source: BSE
