
Corporate Governance30 Oct 2026, 05:10 pm
Ramkrishna Forgings: No Deviation in Fund Utilization for Q2 FY27
AI Summary
Ramkrishna Forgings Limited has filed a Statement of Deviation or Variation for the quarter ended September 30, 2026, as per SEBI LODR Regulations. The company reported no deviation or variation in the utilization of funds raised through the allotment of 34,00,000 equity shares via conversion of warrants to promoter Chaitanya Jalan. The funds, amounting to ₹149.94 Crore (₹149,94,00,000), were raised at ₹441 per warrant. The original objects for fund utilization included working capital and general corporate purposes, with no changes reported.
Key Highlights
- No deviation in fund utilization for Q2 FY27 reported.
- Funds raised via warrant conversion to promoter Chaitanya Jalan.
- Total funds raised: ₹149.94 Crore.
- Utilisation aligned with original objects: working capital and general corporate purposes.
Price Impact
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