Ramkrishna Forgings raises INR 1.01 bln on conversion of warrants to shares
This story was originally published at 20:34 IST on 27 March 2026
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NEW DELHI – Ramkrishna Forgings Ltd. Friday said it has allotted 640,000 equity shares on conversion of warrants, raising INR 1.01 billion from promoter Riddhi Portfolio Pvt. Ltd. The shares will be issued at INR 2,100 each after the company receives INR 1,575 per warrant, representing 75% of the warrant issue price, from the promoter entity Riddhi Portfolio, the company said in an exchange filing.
The conversion is part of the preferential allotment of 975,000 warrants issued in August 2025. After this conversion, 335,000 warrants will remain outstanding. Following the allotment, the company's paid-up equity share capital has increased to INR 3.63 billion, comprising 181.67 million shares.
For the quarter ended December, Ramkrishna Forgings reported a consolidated net profit of INR 135.69 million on a revenue of INR 10.99 billion. On the National Stock Exchange, shares of the company ended 3.4% higher at INR 487.95. End
Reported by Gunjan Rajput
Edited by Ashish Shirke
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