Riddhi Portfolio Private Limited has issued a revised disclosure regarding the substantial acquisition of shares and takeovers. This filing concerns the conversion of 3,35,000 warrants into fully paid-up equity shares of Ramkrishna Forgings Limited. The acquisition aligns with SEBI regulations and details the changes in shareholding before and after this conversion. The company has notified the relevant stock exchanges and the target company.
Revised Disclosure Filed Under SEBI Regulations
Riddhi Portfolio Private Limited has submitted a revised disclosure in accordance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This update pertains to the conversion of 3,35,000 warrants held by Riddhi Portfolio Private Limited into an equivalent number of fully paid-up equity shares of Ramkrishna Forgings Limited. The face value of each equity share is Rs. 2/- (Rupees Two).
Details of Shareholding Changes
The disclosure outlines the shareholding patterns before and after the acquisition. Prior to this conversion, the total holding of Riddhi Portfolio Private Limited and its Persons Acting in Concert (PAC) stood at 6,29,47,039 shares, representing 34.62% of the total voting capital. Following the conversion of warrants, the total number of shares has increased, impacting the overall percentage of voting capital held by the acquirer and PACs.
Specifically, Riddhi Portfolio Private Limited’s holding before the conversion was detailed across various categories including shares carrying voting rights and shares in nature of encumbrance. The conversion effectively increased the equity share capital of the Target Company, Ramkrishna Forgings Limited, by 3,35,000 shares.
Key Figures and Dates
The date of the acquisition, or more precisely the date of receipt of intimation of allotment of shares resulting from warrant conversion, is 09/06/2026. The equity share capital of the Target Company before this event was Rs. 36,36,70,034/- (18,18,35,017 Equity Shares). After the acquisition, the equity share capital rose to Rs. 36,43,40,034/- (18,21,70,017 Equity Shares).
The total diluted share/voting capital of the Target Company after the said acquisition is reported as Rs. 37,11,40,034/- (18,55,70,017 Equity Shares). The mode of acquisition is described as a Preferential Allotment (Conversion of Warrants into Equity Shares of Target Company).
Notification to Exchanges
This disclosure has been made to both the BSE Limited and the National Stock Exchange of India Limited. Riddhi Portfolio Private Limited has formally notified the Listing Department of both exchanges and the Company Secretary of Ramkrishna Forgings Ltd. The company requests that this information be noted on record and receipt acknowledged.
Source: BSE
