Riddhi Portfolio Private Limited has disclosed the acquisition of 25,000 equity shares of Ramkrishna Forgings Limited. This transaction took place on November 13, 2026. Following this acquisition, Riddhi Portfolio Private Limited, along with its Persons Acting in Concert (PACs), now holds a significant stake, representing 41.05% of the total voting capital of Ramkrishna Forgings Limited. The disclosure is made in accordance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Riddhi Portfolio Private Limited Boosts Stake in Ramkrishna Forgings
In a significant disclosure filed on November 14, 2026, Riddhi Portfolio Private Limited announced the acquisition of 25,000 equity shares in Ramkrishna Forgings Limited. The transaction was executed on November 13, 2026, as part of a strategic move to increase its holdings in the target company.
Increased Shareholding and Total Stake
The detailed filing outlines the holdings of Riddhi Portfolio Private Limited and its Persons Acting in Concert (PACs). Before this acquisition, the combined entity held 7,61,44,606 equity shares, representing 41.04% of the total share capital. Following the acquisition of an additional 25,000 shares, the total number of shares held by the acquirer group amounts to 7,61,69,606. This represents 41.05% of the total diluted share capital of Ramkrishna Forgings Limited, indicating a marginal but strategic increase in their controlling stake.
Details of the Acquisition
The acquisition was made through the Open Market route. The disclosure also specified the equity share capital of Ramkrishna Forgings Limited before and after the acquisition, remaining at Rs. 37,11,40,034/- (equivalent to 18,55,70,017 Equity Shares of Rs. 2/- each). The mode of acquisition highlights the transparent approach taken by Riddhi Portfolio Private Limited in consolidating its position within Ramkrishna Forgings Limited.
Key Individuals Involved
The filing lists several individuals as Persons Acting in Concert (PAC) with Riddhi Portfolio Private Limited. These include Mr. Naresh Jalan, Mr. Chaitanya Jalan, Mrs. Rashmi Jalan, Naresh Jalan HUF, Mrs. Radhika Jalan, Mr. Mahabir Prasad Jalan, Mahabir Prasad Jalan HUF, and Ms. Riddhi Jalan. Riddhi Portfolio Private Limited itself is confirmed to be part of the Promoter/Promoter group of Ramkrishna Forgings Limited.
Source: BSE
