Ramkrishna Forgings Limited — QIP/Rights/Pref., 01-06-2025: Issue of Securities

Ramkrishna Forgings plans to raise Rs. 204.75 Cr via a preferential issue of 9.75 lakh convertible warrants to its promoter, Riddhi Portfolio Private Limited. Each warrant, priced at Rs. 2,100, can be converted into one equity share within 18 months. Investors pay 25% upfront, with the remainder due on conversion. Funds are intended to strengthen the promoter’s stake pending shareholder approval at an upcoming meeting.