Key Disclosure
The company confirms that there has been no deviation or variation in the utilization of funds raised through a preferential issue for the quarter ended 30 September, 2026.
Details of Fund Raise
- Instrument: Allotment of 34,00,000 Equity Shares of face value of ₹2 each upon conversion of 34,00,000 warrants.
- Allottee: Mr. Chaitanya Jalan, a Promoter of the Company.
- Amount Raised: ₹149,94,00,000 (One Hundred Forty Nine Crore and Ninety Four Lakh only).
- Conversion Price: ₹441 per warrant, which represents 75% of the total Warrant Issue price of ₹588.
- Date of Allotment: 24 September 2026.
Fund Utilization Details
Funds were utilized strictly according to the original objects stated during the fundraise. The total amount utilized as of 30 September 2026 was ₹149.94 Crores.
| Utilization Object | Original Allocation (₹ Crores) | Modified Allocation (₹ Crores) | Funds Utilized (₹ Crores) | Deviation for Quarter (₹ Crores) |
| Working Capital Repayment (repayment of working capital loans, including interest) | 0.00 | 99.96 | 99.96 | 0.00 |
| General Corporate Purpose (up to 25% of issue proceeds) | 0.00 | 49.98 | 49.98 | 0.00 |
| TOTAL | | 149.94 | 149.94 | |
Additional Information
- The company's credit rating is provided by India Rating & Research Private Limited.
- The complete statement is available on the company's website at www.ramkrishnaforgings.com.
- The letter was signed and submitted by Rajesh Mundhra, Company Secretary & Compliance Officer.
Financial Impact
No financial impact from deviation or variation, as the funds were utilized as per the disclosed objects.