Corporate Action9 Jun 2026, 05:11 pm
Ramkrishna Forgings Allots 3.35 Lakh Shares to Promoter
AI Summary
Ramkrishna Forgings Ltd has allotted 3,35,000 equity shares to its promoter, Riddhi Portfolio Private Limited, upon the conversion of warrants. This allotment follows the exercise of warrants previously issued on a preferential basis. The company received Rs. 52.76 crore as the balance payment for these warrants. This issuance increases the company's paid-up equity share capital to Rs. 36.43 crore, comprising 18.21 crore equity shares. The newly allotted shares will rank pari passu with the existing shares.
Key Highlights
- 3,35,000 equity shares allotted to promoter Riddhi Portfolio Private Limited.
- Allotment is pursuant to conversion of warrants issued on preferential basis.
- Company received Rs. 52.76 crore in balance payment for warrants.
- Paid-up equity share capital increased to Rs. 36.43 crore.
- New shares will rank pari passu with existing equity shares.
Price Impact
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