Key Event Details

The company is seeking shareholder approval through postal ballot (remote e-voting) for the reclassification of MAA Chandi Financial Advisory Services Private Limited (formerly Ramkrishna Rail and Infrastructure Private Limited) from 'Promoter and Promoter Group' category to 'Public' category.

Quantitative Figures

  • Outgoing promoter holds: 65,00,000 equity shares of face value ₹2 each
  • Current stake: 3.57% of total paid-up equity share capital (as of Cut-Off Date: 14 August 2026)
  • Pre-reclassification promoter group holding: 43.39% (7,90,44,606 shares)
  • Post-reclassification promoter group holding: 39.82% (7,25,44,606 shares)
  • Public shareholding increases from 56.41% to 59.98%
  • Fully diluted equity share capital: 18,58,83,649 shares

Dates and Timeline

  • Board approval date: 12 November 2025
  • Stock exchange no-objection letters received: 5 August 2026 (BSE Ref: LIST/COMP/SJ/162/2026-27, NSE Ref: NSE/LIST/COMP/RKFORGE/543/2026-2027)
  • Postal ballot notice date: 18 August 2026
  • Cut-off date for voting eligibility: 14 August 2026
  • E-voting period: 21 August 2026 (9:00 AM IST) to 19 September 2026 (5:00 PM IST)
  • Results declaration: On or before 22 September 2026

Parties Involved

  • Outgoing Promoter: MAA Chandi Financial Advisory Services Private Limited
  • Stock Exchanges: BSE Limited and National Stock Exchange of India Limited
  • Scrutinizer: Mr. Raj Kumar Banthia (MKB & Associates, Company Secretaries)
  • E-voting agency: KFin Technologies Limited
  • Regulatory References: SEBI (LODR) Regulations 2015, Regulation 31A, Companies Act 2013 Sections 108 and 110

Conditions and Compliance

The outgoing promoter has confirmed compliance with all conditions specified in Regulation 31A(3)(b) of SEBI (LODR) Regulations:

  • Does not hold more than 10% of total voting rights
  • Does not exercise control over company affairs
  • Has no special rights through formal/informal arrangements
  • Not represented on board of directors
  • Not acting as key managerial personnel
  • Not classified as wilful defaulter
  • Not categorized as fugitive economic offender

The company confirms compliance with minimum public shareholding requirements under Regulation 38, no trading suspension, and no outstanding dues to SEBI, stock exchanges, or depositories.

Voting Process

Remote e-voting only (no physical ballots) through KFin Technologies Limited. Detailed voting instructions provided for:

  • Individual shareholders with NSDL and CDSL demat accounts
  • Shareholders other than individuals holding securities in demat mode
  • Shareholders holding securities in physical mode

Restrictions

The outgoing promoter and persons related to it shall not vote on this resolution as per Regulation 31A(3)(a)(vi).

Documentation

The postal ballot notice along with explanatory statement is available on company website at www.ramkrishnaforgings.com and stock exchange websites.

Authorizations

Mr. Naresh Jalan (Managing Director), Mr. Chaitanya Jalan (Whole Time Director), Mr. Lalit Kumar Khetan (Whole Time Director & CFO), and Mr. Rajesh Mundhra (Company Secretary & Compliance Officer) are authorized to execute all documents and make necessary filings.