Riddhi Portfolio Private Limited has submitted a mandatory disclosure regarding the conversion of 3,35,000 warrants into equity shares of Ramkrishna Forgings Limited. This conversion, which occurred on June 9, 2026, resulted in an increase in Riddhi Portfolio’s shareholding. The disclosure details the pre- and post-acquisition shareholding, including voting rights and other securities, as per SEBI regulations.
Riddhi Portfolio Pvt. Ltd. Disclosure on Ramkrishna Forgings Ltd.
Riddhi Portfolio Private Limited has filed a disclosure concerning substantial acquisition of shares and takeovers, as mandated by SEBI regulations. The announcement details the conversion of warrants into equity shares of Ramkrishna Forgings Limited, the target company.
Key Transaction Details
On June 9, 2026, Riddhi Portfolio Private Limited converted 3,35,000 warrants into fully paid-up equity shares of Ramkrishna Forgings Limited. These shares have a face value of Rs. 2/- each. This conversion was executed in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The acquisition was made through a Preferential Allotment, specifically the conversion of warrants into equity shares of the Target Company.
Shareholding Before and After Conversion
The disclosure provides a comprehensive breakdown of the shareholding of Riddhi Portfolio Private Limited and its Persons Acting in Concert (PACs) in Ramkrishna Forgings Limited.
Pre-Acquisition Holding:
- Riddhi Portfolio Private Limited: 6,29,47,039 shares carrying voting rights (34.65% of total share capital).
- Persons Acting in Concert (PACs), including individuals like Mr. Naresh Jalan, Mr. Chaitanya Jalan, Mrs. Rashmi Jalan, and entities like Naresh Jalan HUF, collectively held substantial additional stakes.
- Total holding of acquirer and PACs before this conversion was 7,87,09,606 shares, representing 43.33% of the total share capital.
Details of Acquisition:
- Shares carrying voting rights acquired: 3,35,000 shares by Riddhi Portfolio Private Limited.
- Warrants/convertible securities acquired: 34,00,000 warrants held by Mr. Chaitanya Jalan.
Post-Acquisition Holding:
- Riddhi Portfolio Private Limited: Holding increased to 6,32,82,039 shares (34.74%).
- Total holding of acquirer and PACs after the conversion stands at 7,90,44,606 shares, representing 43.40% of the total share capital.
- The total diluted share/voting capital of the target company after the said acquisition is Rs. 37,11,40,034/-, equivalent to 18,55,70,017 Equity Shares.
Capital and Voting Rights Details
The disclosure also outlines the equity share capital and total voting capital of Ramkrishna Forgings Limited:
- Before the said acquisition: Rs. 36,36,70,034/-, representing 18,18,35,017 Equity Shares.
- After the said acquisition: Rs. 36,43,40,034/-, representing 18,21,70,017 Equity Shares.
The document confirms that the acquisition details were filed on 10/06/2026, with the effective date of acquisition of shares being 09/06/2026.
Encumbrance and Other Securities
The disclosure details that a portion of the equity shares held by Riddhi Portfolio Private Limited (1,10,00,000 shares) and Mr. Naresh Jalan (13,00,000 shares) are subject to encumbrance, forming part of their respective holdings and not included for the calculation of total holding in that specific section.
Furthermore, an application for reclassification of Maa Chandi Financial Advisory Services Private Limited (formerly Ramkrishna Rail and Infrastructure Private Limited) from ‘Promoter and Promoter Group’ to ‘Public category’ is pending with the Stock Exchanges.
Source: BSE
