Ramkrishna Forgings Ltd

Ramkrishna Forgings Ltd - Closure of Trading Window

ESOP grant details

• 57,340 ESOPs granted to eligible employees under RKF Limited ESOP Scheme 2023.
• Exercise price fixed at Rs 532 per option.
• Discounted 25% to the prior 15-day average NSE price as of Sep 28, 2026.
• Total shares covered: 57,340 equity shares of Rs 2 each.
• Vesting schedule: 25% of options vest on each anniversary over four years.
• Exercise window: vested options exercisable for up to four years from vesting.
• Eligibility per ESOP Scheme 2023; compliant with SEBI SBEB Regulations 2021.
• Shares to be transferred by Ramkrishna Forgings Limited Employee Welfare Trust upon exercise.
• Grant approved by Nomination and Remuneration Committee on 29 September 2026.
• Annexure A provides details; information available on company's website.

Transaction summary

• Target Company: Ramkrishna Forgings Limited.
• Disclosing Party: Chaitanya Jalan; PAC Naresh Jalan; promoter group.
• Transaction Type: Warrants converted to equity via preferential allotment.
• Pre-Transaction Holding: 7,25,44,606 voting rights shares (39.83%).
• Pre-Transaction Encumbrances: 1,23,00,000 shares (6.75%).
• Transaction Details: 34,00,000 equity shares acquired via warrant conversion.
• Mode: Preferential Allotment.
• Date of Transaction: 24 September 2026.
• Post-Transaction Holding: 7,59,44,606 voting rights shares (40.92%).
• Share Capital Context: Before Rs 36,43,40,034; After Rs 37,11,40,034.

Deal overview

• Target: Ramkrishna Forgings Limited.
• Acquirer: Ramkrishna Forgings Limited; PACs include Chaitanya Jalan and Naresh Jalan.
• Additional PACs: Rashmi Jalan, Naresh Jalan HUF, Radhika Jalan.
• Additional PACs: Riddhi Portfolio Private Limited, Mahabir Prasad Jalan, Riddhi Jalan, Mahabir Prasad Jalan HUF.
• Promoter group: Yes.
• Exchanges: BSE Limited and NSE.
• Pre-acquisition voting rights: 7,25,44,606 shares (39.83%).
• Encumbrances pre-acquisition: 1,23,00,000 shares (Riddhi Portfolio; Naresh Jalan).
• Warrants pre-acquisition: 34,00,000 warrants held by Chaitanya Jalan.
• Date of acquisition: 24 September 2026.
• Mode: Preferential Allotment via conversion of warrants.
• Salient features: 34,00,000 equity shares; 1:1 conversion; face value Rs 2.
• Equity capital before: Rs 36,43,40,034; after: Rs 37,11,40,034.
• Equity shares before/after: 18,21,70,017; 18,55,70,017.

Post-acquisition holdings

• Post-acquisition voting rights total: 7,59,44,606 shares (40.92%).
• Chaitanya Jalan post-acquisition holding: 64,47,900 shares (3.47%).
• Equity capital after: Rs 37,11,40,034; 18,55,70,017 shares.
• Mode: Preferential Allotment via conversion of warrants.
• Date of conversion/allotment: 24 September 2026.
• Promoter reclassification: Maa Chandi Financial Advisory Services moved to Public on 19 Sep 2026.

Meeting Details

• Issuer: Ramkrishna Forgings Limited
• Event: Analyst / Investor Meet

Meeting details

• No specific meeting details available in the provided chunk.

ESG rating disclosure

• CRISIL ESG Ratings assigned an ESG score of 60 to Ramkrishna Forgings Limited.
• The company did not engage CRISIL; the rating was independently assigned based on publicly available information.
• Information was received by the company on 21 September 2026 at around 7:55 PM.
• Rating information is uploaded on Ramkrishna Forgings Limited website.

Promoter-to-public reclassification

• Shareholders approved reclassification of MAA Chandi Financial Advisory Services from Promoter Group to Public.
• Entity: MAA Chandi Financial Advisory Services Private Limited (formerly Ramkrishna Rail And Infrastructure Private Limited).
• Reclassified holding: 65,00,000 shares, 3.57% of total equity.
• Approval achieved via postal ballot dated 19 September 2026.