The funds would be raised through issuance of equity shares/ preference shares/warrants/ any other securities, including through preferential issue on a private placement basis or any other methods or combination thereof.

Ramkrishna Forgings is primarily engaged in manufacturing and sale of forged components of automobiles, railway wagons & coach and engineering parts.

The company reported a 92% jump in standalone net profit to Rs 47.26 crore on a 56% rise in revenue from operations to Rs 650.75 crore in Q1 FY23 over Q1 FY22.