Ramkrishna Forgings Limited has announced the allotment of 34,00,000 warrants on a preferential basis to its promoter, Mr. Chaitanya Jalan. This decision was approved by the Board of Directors on November 12, 2025, and subsequently by the shareholders at an Extra-ordinary General Meeting (EGM) on December 12, 2025.

Following in-principle approvals from BSE Limited and the National Stock Exchange of India Limited on January 5, 2026, the Capital Market Committee of the Board of Directors, in its meeting held on January 14, 2026, officially approved the allotment. The issue price for each warrant is fixed at ₹588/-, making the total consideration ₹199,92,00,000 (Rupees One Hundred Ninety Nine Crore and Ninety Two Lakh only). The company has received 25% of the issue price upfront, amounting to ₹49,98,00,000 (Rupees Forty Nine Crore and Ninety Eight Lakh only).

Each warrant holder has the right to apply for and be allotted one Equity Share of face value ₹2 each within a maximum period of 18 months from the allotment date. This conversion can be done upon payment of the balance consideration of ₹441/- per warrant, which represents 75% of the issue price. The allotment of these warrants does not alter the company's paid-up equity share capital at this stage. Details as required by SEBI circulars dated November 11, 2024, and December 31, 2024, have been provided.