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ramkrishna forgings Ltd. — Capital/Financing Update 2018
Nov 3, 2018
61233_rns_2018-11-03_c02c8efb-5a3b-4181-90b3-b2d171717eb4.pdf
Capital/Financing Update
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Date: 3[rd] November 2018
The Listing Department The Listing Department Bombay Stock Exchange National Stock Exchange of India Limited PJ Towers “Exchange Plaza” C-1, Block G Dalal Street Bandra- Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai- 400 051
BSE SCRIP CODE: 532527 NSE SYMBOL: RKFORGE
Dear Sir / Madam,
Sub: Compliance under Regulation 30(4) read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Please be informed that the Board of Directors at its meeting held on 3rd November 2018, has inter alia approved Capital expenditure plan.
The necessary disclosure as required under Regulation 30(4) read with Schedule III Part A Para B of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is as follows:
Existing Capacity : 1,50,000 MT Existing capacity utilization ( On : 90.70% Annualised Basis) Proposed capacity addition : 50,000 MT (Estimated) Period within which the proposed : Within 2 year capacity is to be added Investment required : Rs. 483.55 Cr. Mode of financing : Debt and Internal Accruals Rationale : As the existing capacity is reaching full utilization
Request to kindly take the same into record.
Thanking You,
Yours truly, For Ramkrishna Forgings Limited
Rajesh Mundhra Company Secretary