Regulatory1 May 2026, 07:01 pm
Ramkrishna Forgings: No Deviation in Fund Utilization
AI Summary
Ramkrishna Forgings Ltd. reports no deviations or variations in the utilization of funds raised through the allotment of convertible warrants and equity shares upon warrant conversion for the quarter ended March 31, 2026. This disclosure is made under Regulation 32 of the SEBI LODR Regulations, 2015. Funds raised through preferential issue were allocated towards working capital repayment and general corporate purposes.
Key Highlights
- No deviation in utilization of ₹49.98 Cr raised via warrants.
- No deviation in utilization of ₹100.80 Cr raised via equity shares.
- Funds utilized for working capital repayment and corporate purposes.
- Monitoring agency: India Rating & Research Private Limited.
Price Impact
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